Premier1 Lithium (ASX:PLC) ROCE % : -124.45% (As of Dec. 2024)

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What is Premier1 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. Premier1 Lithium's annualized ROCE % for the quarter that ended in Dec. 2024 was -124.45%.

Premier1 Lithium ROCE % Historical Data

The historical data trend for Premier1 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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Premier1 Lithium ROCE % Chart

Premier1 Lithium Annual Data

Trend

Jun21

Jun22

Jun23

Jun24

ROCE %

-37.98

-56.92

-81.75

Premier1 Lithium Semi-Annual Data
	Jun21	Jun22	Dec22	Jun23	Dec23	Jun24	Dec24
ROCE %	Get a 7-Day Free Trial			-52.26	-60.37	-123.28	-32.31	-124.45

Premier1 Lithium ROCE % Calculation

Premier1 Lithium'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 )
	=	-7.273	/	( ( (15.704 - 2.821)	+	(5.562 - 0.652) )	/ 2 )
	=	-7.273	/	( (12.883	+	4.91)	/ 2 )
	=	-7.273	/	8.8965
	=	-81.75 %

Premier1 Lithium'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 )
	=	-5.322	/	( ( (5.562 - 0.652)	+	(4 - 0.357) )	/ 2 )
	=	-5.322	/	( ( 4.91	+	3.643 )	/ 2 )
	=	-5.322	/	4.2765
	=	-124.45 %

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

Premier1 Lithium (ASX:PLC) 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.

Premier1 Lithium ROCE % Related Terms

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Premier1 Lithium Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Premier1 Lithium Ltd (ASX:PLC) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

22 Mount Street, Level 2, Perth, WA, AUS, 6000

Website

https://www.premier1lithium.com.au

Premier1 Lithium Ltd is an lithium exploration company. The Group undertook technology R&D and mineral exploration of gold, nickel, lithium and other base metals in Australia during the period. The company has two operating segments: Exploration and evaluation and Corporate. Its project includes Abbotts North project in Western Australia, The Yalgoo and Yalgoo West project and Montague Project. Maximum revenue is gained through Exploration and Evaluation segment.