Premier1 Lithium (ASX:PLC) ROCE % : -123.28% (As of Dec. 2023)

View and export this data going back to 2022. Start your Free Trial

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. 2023 was -123.28%.

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.

* Premium members only.

Premier1 Lithium ROCE % Chart

Premier1 Lithium Annual Data

Trend

Jun21

Jun22

Jun23

ROCE %

-37.98

-56.92

Premier1 Lithium Semi-Annual Data
	Jun22	Dec22	Jun23	Dec23
ROCE %	-	-52.26	-60.37	-123.28

Premier1 Lithium ROCE % Calculation

Premier1 Lithium's annualized ROCE % for the fiscal year that ended in Jun. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Jun. 2023 )		(A: Jun. 2022 )		(A: Jun. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Jun. 2023 )		(A: Jun. 2022 )		(A: Jun. 2023 )
	=	-8.299	/	( ( (17.483 - 1.208)	+	(15.704 - 2.821) )	/ 2 )
	=	-8.299	/	( (16.275	+	12.883)	/ 2 )
	=	-8.299	/	14.579
	=	-56.92 %

Premier1 Lithium's ROCE % of for the quarter that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2023 )		(Q: Jun. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Jun. 2023 )		(Q: Dec. 2023 )
	=	-12.546	/	( ( (15.704 - 2.821)	+	(9.524 - 2.053) )	/ 2 )
	=	-12.546	/	( ( 12.883	+	7.471 )	/ 2 )
	=	-12.546	/	10.177
	=	-123.28 %

(1) Note: The EBIT data used here is two times the semi-annual (Dec. 2023) 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

Thank you for viewing the detailed overview of Premier1 Lithium's ROCE % provided by GuruFocus.com. Please click on the following links to see related term pages.

Premier1 Lithium (ASX:PLC) 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

10 Queen Street, Level 3, Melbourne, VIC, AUS, 3000

Website

https://www.sensore.com

SensOre Ltd is focused on fast-tracking the mines of tomorrow. The company operates in three business divisions namely Exploration Services, Exploration, and Technology. Its AI-enhanced exploration approach has a number of potential benefits for the mining industry.