Bearing Lithium (Bearing Lithium) ROCE % : -6.01% (As of Apr. 2022)

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What is Bearing Lithium ROCE %?

ROCE % measures how well a company generates profits from its capital. It is calculated as EBIT divided by Capital Employed, where Capital Employed is calculated as Total Assets minus Total Current Liabilities. Bearing Lithium's annualized ROCE % for the quarter that ended in Apr. 2022 was -6.01%.

Bearing Lithium ROCE % Historical Data

The historical data trend for Bearing Lithium's ROCE % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Bearing Lithium ROCE % Chart

Bearing Lithium Annual Data

Trend

Oct12

Oct13

Oct14

Oct15

Oct16

Oct17

Oct18

Oct19

Oct20

Oct21

ROCE %

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-28.44

-15.35

-1.71

-42.89

87.28

Bearing Lithium Quarterly Data
	Jul17	Oct17	Jan18	Apr18	Jul18	Oct18	Jan19	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22
ROCE %	Get a 7-Day Free Trial															-8.97	19.65	288.71	-1.96	-6.01

Bearing Lithium ROCE % Calculation

Bearing Lithium's annualized ROCE % for the fiscal year that ended in Oct. 2021 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Oct. 2021 )		(A: Oct. 2020 )		(A: Oct. 2021 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Oct. 2021 )		(A: Oct. 2020 )		(A: Oct. 2021 )
	=	18.452	/	( ( (10.261 - 0.149)	+	(32.277 - 0.109) )	/ 2 )
	=	18.452	/	( (10.112	+	32.168)	/ 2 )
	=	18.452	/	21.14
	=	87.28 %

Bearing Lithium's ROCE % of for the quarter that ended in Apr. 2022 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Apr. 2022 )		(Q: Jan. 2022 )		(Q: Apr. 2022 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Apr. 2022 )		(Q: Jan. 2022 )		(Q: Apr. 2022 )
	=	-2.236	/	( ( (34.815 - 0.124)	+	(39.939 - 0.174) )	/ 2 )
	=	-2.236	/	( ( 34.691	+	39.765 )	/ 2 )
	=	-2.236	/	37.228
	=	-6.01 %

(1) Note: The EBIT data used here is four times the quarterly (Apr. 2022) EBIT data.

Bearing Lithium (OTCPK:BLILF) ROCE % Explanation

ROCE % can be especially useful when comparing the performance of capital-intensive companies. Unlike ROE %, which indicates the profitability of Shareholders Equity, ROCE % also considers long-term debt in Capital Employed. This can be helpful when analyzing companies with significant debt, as the result is neutralized by taking debt into consideration.

Generally speaking, a higher ROCE % indicates a stonger profitability for a company. Moreover, it is important to look at the ratio from a long term perspective. Investors tend to favor companies with stable and rising ROCE % trend over those with volatile ones.

Bearing Lithium ROCE % Related Terms

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Bearing Lithium (Bearing Lithium) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Bearing Lithium Corp (OTCPK:BLILF) » Definitions » ROCE %

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Address

810 - 789 West Pender Street, Vancouver, BC, CAN, V6C 1H2

Website

https://www.bearinglithium.com

Bearing Lithium Corp operates as an exploration and development company in North America. The company is focused on identifying, advancing, and de-risking lithium projects. Its project includes the Maricunga Lithium located northeast of Copiapo in the region of the Atacama in northern Chile.