Leeuwin Metals (ASX:LM1) ROCE % : -30.27% (As of Dec. 2024)

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What is Leeuwin Metals 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. Leeuwin Metals's annualized ROCE % for the quarter that ended in Dec. 2024 was -30.27%.

Leeuwin Metals ROCE % Historical Data

The historical data trend for Leeuwin Metals'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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Leeuwin Metals ROCE % Chart

Leeuwin Metals Annual Data

Trend

Jun23

Jun24

ROCE %

-10.44

-103.01

Leeuwin Metals Semi-Annual Data
	Dec22	Jun23	Dec23	Jun24	Dec24
ROCE %	-	-	-8.85	-200.96	-30.27

Leeuwin Metals ROCE % Calculation

Leeuwin Metals's annualized ROCE % for the fiscal year that ended in Jun. 2024 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Jun. 2024 )		(A: Jun. 2023 )		(A: Jun. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Jun. 2024 )		(A: Jun. 2023 )		(A: Jun. 2024 )
	=	-6.702	/	( ( (10.688 - 0.97)	+	(3.557 - 0.263) )	/ 2 )
	=	-6.702	/	( (9.718	+	3.294)	/ 2 )
	=	-6.702	/	6.506
	=	-103.01 %

Leeuwin Metals's ROCE % of for the quarter that ended in Dec. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2024 )		(Q: Jun. 2024 )		(Q: Dec. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2024 )		(Q: Jun. 2024 )		(Q: Dec. 2024 )
	=	-0.934	/	( ( (3.557 - 0.263)	+	(3.141 - 0.263) )	/ 2 )
	=	-0.934	/	( ( 3.294	+	2.878 )	/ 2 )
	=	-0.934	/	3.086
	=	-30.27 %

(1) Note: The EBIT data used here is two times the semi-annual (Dec. 2024) EBIT data.

Leeuwin Metals (ASX:LM1) 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.

Leeuwin Metals ROCE % Related Terms

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Leeuwin Metals Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Leeuwin Metals Ltd (ASX:LM1) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

2/68 Hay Street, Subiaco, Perth, WA, AUS, 6008

Website

https://www.leeuwinmetals.com

Leeuwin Metals Ltd is a mineral explorer committed to securing critical metals vital for the advancement of electric vehicles and renewable energy. It is focused on acquiring, exploring, and developing Nickel and Lithium projects, together with considering other critical minerals opportunities, within Canada and Australia. The company's projects include the Cross Lake Lithium Project, the William Lake Nickel Project, and the West Pilbara Iron Ore Project.

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