E3 Lithium (TSXV:ETL) ROCE % : -20.10% (As of Sep. 2023)

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What is E3 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. E3 Lithium's annualized ROCE % for the quarter that ended in Sep. 2023 was -20.10%.

E3 Lithium ROCE % Historical Data

The historical data trend for E3 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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E3 Lithium ROCE % Chart

E3 Lithium Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

ROCE %

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-53.93

-69.48

-29.33

-26.88

-23.28

E3 Lithium Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
ROCE %	Get a 7-Day Free Trial															-22.19	-25.58	-28.93	-21.42	-20.10

E3 Lithium ROCE % Calculation

E3 Lithium's annualized ROCE % for the fiscal year that ended in Dec. 2022 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2022 )		(A: Dec. 2021 )		(A: Dec. 2022 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2022 )		(A: Dec. 2021 )		(A: Dec. 2022 )
	=	-6.909	/	( ( (25.991 - 0.833)	+	(36.101 - 1.904) )	/ 2 )
	=	-6.909	/	( (25.158	+	34.197)	/ 2 )
	=	-6.909	/	29.6775
	=	-23.28 %

E3 Lithium's ROCE % of for the quarter that ended in Sep. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2023 )		(Q: Jun. 2023 )		(Q: Sep. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2023 )		(Q: Jun. 2023 )		(Q: Sep. 2023 )
	=	-9.784	/	( ( (41.124 - 2.975)	+	(62.65 - 3.432) )	/ 2 )
	=	-9.784	/	( ( 38.149	+	59.218 )	/ 2 )
	=	-9.784	/	48.6835
	=	-20.10 %

(1) Note: The EBIT data used here is four times the quarterly (Sep. 2023) EBIT data.

E3 Lithium (TSXV:ETL) 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.

E3 Lithium ROCE % Related Terms

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E3 Lithium (TSXV:ETL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » E3 Lithium Ltd (TSXV:ETL) » Definitions » ROCE %

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EEMMF:USA OW3:Germany

Address

300 - 5th Avenue SW, Suite 1520, Calgary, AB, CAN, T2P 3C4

Website

https://www.e3lithium.ca

E3 Lithium Ltd is a resource company with mineral properties in Alberta that is currently focused on technology development for lithium extraction from Alberta brines. It is engaged in the exploration of Clearwater and covering the Leduc Reservoir in south-central Alberta. The company's properties can be further sub-divided into five separate sub-properties namely Clearwater Sub-Property, Exshaw Sub-Property, Rocky Sub-Property, Sunbreaker Sub-Property and Drumheller Sub-Property.

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