XTC Lithium (ASX:XTC) ROCE %: -9.98% (As of Jun. 2024)


What is XTC Lithium ROCE %?

XTC Lithium ASX:XTC ROCE % is -9.98% as of Jun. 2024.

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. XTC Lithium's annualized ROCE % for the quarter that ended in Jun. 2024 was -9.98%.

XTC Lithium  (ASX:XTC) 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.

XTC Lithium ROCE % Related Terms

XTC Lithium ROCE % Historical Data

* Premium members only.

The historical data trend for XTC 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.

XTC Lithium ROCE % Chart

XTC Lithium Annual Data
Trend Jun15 Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23 Jun24
ROCE %
Get a 7-Day Free Trial Premium Member Only Premium Member Only -270.58 -196.90 -284.47 -23.61 -20.04

XTC Lithium 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -477.00 -17.52 -20.19 -29.98 -9.98

XTC Lithium ROCE % Calculation

XTC 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 )
=-7.603/( ( (49.216 - 9.177) + (40.715 - 4.864) )/ 2 )
=-7.603/( (40.039+35.851)/ 2 )
=-7.603/37.945
=-20.04 %

XTC Lithium'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 )
=-3.642/( ( (40.795 - 3.695) + (40.715 - 4.864) )/ 2 )
=-3.642/( ( 37.1 + 35.851 )/ 2 )
=-3.642/36.4755
=-9.98 %

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

* 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.

Frequently Asked Questions Learn more about ROCE % →
What does a ROCE % of -9.98% mean?
XTC Lithium (ASX:XTC) has a ROCE % of -9.98% as of Jun. 2024.
Is XTC Lithium's ROCE % too high?
XTC Lithium's current ROCE % is -9.98%.
How does XTC Lithium's ROCE % compare to competitors?
XTC Lithium's ROCE % of -9.98% can be compared against companies in the Metals & Mining industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good ROCE % for a Metals & Mining company?
A good ROCE % depends on the Metals & Mining industry context. However, ROCE % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high ROCE % mean?
A high ROCE % can signal that a stock is expensive relative to its fundamentals. XTC Lithium's current ROCE % is -9.98%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is XTC Lithium stock overvalued right now?
XTC Lithium (ASX:XTC) has a current ROCE % of -9.98%. The current ROCE % is -9.98%. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is ROCE % calculated?
ROCE % is calculated from a company's financial statements. For XTC Lithium (ASX:XTC), the current ROCE % is -9.98% as of Jun. 2024. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

XTC Lithium Business Description

Address 63 Sinclair Street, Wollstonecraft, Sydney, NSW, AUS, 2065
XTC Lithium Ltd is a mineral exploration company. The company operates various projects which include the Carachi Lithium Project, Southern Cross Project, WA, and South Korean Assets. The Carachi project is located proximal to lithium brine explorer and developer, Lake Resources and are high in prospective for lithium.