Frontier Lithium (TSXV:FL) ROCE %

: -81.76% (As of Dec. 2023)

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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. Frontier Lithium's annualized ROCE % for the quarter that ended in Dec. 2023 was -81.76%.

Frontier Lithium ROCE % Historical Data

The historical data trend for Frontier 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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Frontier Lithium Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

ROCE %

-18.02

-29.88

-150.35

-67.44

-85.42

Frontier Lithium Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %																-101.54	-85.34	-82.12	-103.29	-81.76

Frontier Lithium ROCE % Calculation

Frontier Lithium's annualized ROCE % for the fiscal year that ended in Mar. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Mar. 2023 )		(A: Mar. 2022 )		(A: Mar. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Mar. 2023 )		(A: Mar. 2022 )		(A: Mar. 2023 )
	=	-24.197	/	( ( (24.628 - 1.282)	+	(35.197 - 1.891) )	/ 2 )
	=	-24.197	/	( (23.346	+	33.306)	/ 2 )
	=	-24.197	/	28.326
	=	-85.42 %

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

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	-18.12	/	( ( (27.266 - 3.614)	+	(24.411 - 3.736) )	/ 2 )
	=	-18.12	/	( ( 23.652	+	20.675 )	/ 2 )
	=	-18.12	/	22.1635
	=	-81.76 %

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

Frontier Lithium (TSXV:FL) 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.

Frontier Lithium ROCE % Related Terms

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Frontier Lithium (TSXV:FL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Frontier Lithium Inc (TSXV:FL) » Definitions » ROCE %

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Traded in Other Exchanges

LITOF:USA HL2:Germany

Address

2736 Belisle Drive, Val Caron, ON, CAN, P3N 1B3

Website

https://www.frontierlithium.com

Frontier Lithium Inc is engaged in the acquisition, exploration, and development of mining properties. The company has a land position on Electric Avenue, Ontario's newly emerging premium lithium-metal district hosted in the Canadian Shield of northwestern Ontario. The company project includes PAK Lithium Project, Spark Deposit, Bolt Pegmatite, and Pennock Pegmatite.