Lykos Metals (ASX:LYK) ROCE % : -106.01% (As of Dec. 2024)

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What is Lykos 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. Lykos Metals's annualized ROCE % for the quarter that ended in Dec. 2024 was -106.01%.

Lykos Metals ROCE % Historical Data

The historical data trend for Lykos 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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Lykos Metals ROCE % Chart

Lykos Metals Annual Data

Trend

Jun22

Jun23

Jun24

ROCE %

-19.82

-53.78

-49.53

Lykos Metals Semi-Annual Data
	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24	Dec24
ROCE %	Get a 7-Day Free Trial			-38.52	-68.83	-29.79	-65.43	-106.01

Lykos Metals ROCE % Calculation

Lykos 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 )
	=	-2.314	/	( ( (6.982 - 0.131)	+	(2.627 - 0.134) )	/ 2 )
	=	-2.314	/	( (6.851	+	2.493)	/ 2 )
	=	-2.314	/	4.672
	=	-49.53 %

Lykos 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 )
	=	-2.098	/	( ( (2.627 - 0.134)	+	(1.673 - 0.208) )	/ 2 )
	=	-2.098	/	( ( 2.493	+	1.465 )	/ 2 )
	=	-2.098	/	1.979
	=	-106.01 %

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

Lykos Metals (ASX:LYK) 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.

Lykos Metals ROCE % Related Terms

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Lykos Metals Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

N/A

Address

216 Saint Georges Terrace, Level 8, London House, Perth, WA, AUS, 6000

Website

https://www.lykosmetals.com

Lykos Metals Ltd is a mineral exploration company. It has acquired three battery metals projects in Bosnia-Herzegovina. Its projects include Sinjakovo Project; Cajnice Project, Jezero Project Doboj Project, and Sockovac Project. The projects have a history of high-grade minerals discovery and extraction and are prospective for nickel, copper, cobalt, precious metals, and potentially also lithium and REE.

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