United Lithium (XCNQ:ULTH) ROCE % : -13.99% (As of Oct. 2023)

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What is United 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. United Lithium's annualized ROCE % for the quarter that ended in Oct. 2023 was -13.99%.

United Lithium ROCE % Historical Data

The historical data trend for United 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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United Lithium ROCE % Chart

United Lithium Annual Data

Trend

Jul17

Jul18

Jul19

Jul20

Jul21

Jul22

Jul23

ROCE %

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-521.86

-88.14

-33.97

-20.29

United Lithium Quarterly Data
	Jan19	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23
ROCE %	Get a 7-Day Free Trial															-29.99	-20.25	-8.91	-13.08	-13.99

United Lithium ROCE % Calculation

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

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Jul. 2023 )		(A: Jul. 2022 )		(A: Jul. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Jul. 2023 )		(A: Jul. 2022 )		(A: Jul. 2023 )
	=	-2.841	/	( ( (15.775 - 0.581)	+	(13.179 - 0.369) )	/ 2 )
	=	-2.841	/	( (15.194	+	12.81)	/ 2 )
	=	-2.841	/	14.002
	=	-20.29 %

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

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Oct. 2023 )		(Q: Jul. 2023 )		(Q: Oct. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Oct. 2023 )		(Q: Jul. 2023 )		(Q: Oct. 2023 )
	=	-1.764	/	( ( (13.179 - 0.369)	+	(12.871 - 0.465) )	/ 2 )
	=	-1.764	/	( ( 12.81	+	12.406 )	/ 2 )
	=	-1.764	/	12.608
	=	-13.99 %

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

United Lithium (XCNQ:ULTH) 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.

United Lithium ROCE % Related Terms

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United Lithium (XCNQ:ULTH) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » United Lithium Corp (XCNQ:ULTH) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

ULTHF:USA 0UL:Germany

Address

1030 West Georgia Street, Suite 710, Vancouver, BC, CAN, V6E 2Y3

Website

https://www.unitedlithiumcorp.com

United Lithium Corp is engaged in the acquisition and exploration of mineral properties. It holds an interest in the Bergby Lithium Project located in Sweden, the Liberty Lithium Project, Patriot Lithium Project and Freedom Lithium Project located in USA and the Kietyonmaki Lithium Project located in Finland.

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