Lithium Universe (ASX:LU7) ROCE % : -183.23% (As of Jun. 2024)

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What is Lithium Universe 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. Lithium Universe's annualized ROCE % for the quarter that ended in Jun. 2024 was -183.23%.

Lithium Universe ROCE % Historical Data

The historical data trend for Lithium Universe'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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Lithium Universe ROCE % Chart

Lithium Universe Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-111.63

-67.13

-86.10

-76.16

-92.84

Lithium Universe Semi-Annual Data
	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
ROCE %	Get a 7-Day Free Trial															-31.28	-120.84	-118.95	-155.67	-183.23

Lithium Universe ROCE % Calculation

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

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2023 )		(A: Dec. 2022 )		(A: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2023 )		(A: Dec. 2022 )		(A: Dec. 2023 )
	=	-5.514	/	( ( (3.721 - 0.574)	+	(9.346 - 0.615) )	/ 2 )
	=	-5.514	/	( (3.147	+	8.731)	/ 2 )
	=	-5.514	/	5.939
	=	-92.84 %

Lithium Universe's ROCE % of for the quarter that ended in Jun. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jun. 2024 )		(Q: Dec. 2023 )		(Q: Jun. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jun. 2024 )		(Q: Dec. 2023 )		(Q: Jun. 2024 )
	=	-13.93	/	( ( (9.346 - 0.615)	+	(7.794 - 1.32) )	/ 2 )
	=	-13.93	/	( ( 8.731	+	6.474 )	/ 2 )
	=	-13.93	/	7.6025
	=	-183.23 %

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

Lithium Universe (ASX:LU7) 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.

Lithium Universe ROCE % Related Terms

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Lithium Universe Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Lithium Universe Ltd (ASX:LU7) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

LUVSF:USA KU00:Germany

Address

295 Rokeby Road, Suite 9, Subiaco, WA, AUS, 6008

Website

https://www.lithiumuniverse.com

Lithium Universe Ltd is a mineral exploration company. The company projects include Apollo Lithium; Adina West and Adina South Lithium; Margot Lake Lithium; Lefroy Lithium and others. The Group operates in three operating segments being rare earth and unallocated, lithium exploration industry in the geographical locations of Australia and Canada.

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