Rock Tech Lithium (TSXV:RCK) ROCE % : -51.05% (As of Sep. 2023)

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What is Rock Tech 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. Rock Tech Lithium's annualized ROCE % for the quarter that ended in Sep. 2023 was -51.05%.

Rock Tech Lithium ROCE % Historical Data

The historical data trend for Rock Tech 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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Rock Tech Lithium ROCE % Chart

Rock Tech Lithium Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

ROCE %

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-67.86

-21.24

-33.83

-57.65

-102.87

Rock Tech 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															-193.23	-88.91	-90.09	-52.76	-51.05

Rock Tech Lithium ROCE % Calculation

Rock Tech 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 )
	=	-61.731	/	( ( (72.02 - 9.284)	+	(64.967 - 7.691) )	/ 2 )
	=	-61.731	/	( (62.736	+	57.276)	/ 2 )
	=	-61.731	/	60.006
	=	-102.87 %

Rock Tech 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 )
	=	-21.768	/	( ( (50.384 - 5.378)	+	(44.49 - 4.219) )	/ 2 )
	=	-21.768	/	( ( 45.006	+	40.271 )	/ 2 )
	=	-21.768	/	42.6385
	=	-51.05 %

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

Rock Tech Lithium (TSXV:RCK) 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.

Rock Tech Lithium ROCE % Related Terms

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Rock Tech Lithium (TSXV:RCK) Business Description

Industry

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

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RCKTF:USA RJIB:Germany

Address

777 Hornby Street, Suite 600, Vancouver, BC, CAN, V6Z 1S4

Website

https://www.rocktechlithium.com

Rock Tech Lithium Inc is a Canada-based mineral exploration company. It focuses on acquiring and exploring properties in the field of lithium and other selected battery metals. The company holds a 100% interest in the Georgia Lake lithium project in the Thunder Bay Mining District of Ontario. The company operates in two geographical segments namely; Canada and Germany.

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