BHLIF (Bradda Head Lithium) ROCE % : -12.16% (As of Aug. 2024)

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What is Bradda Head 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. Bradda Head Lithium's annualized ROCE % for the quarter that ended in Aug. 2024 was -12.16%.

Bradda Head Lithium ROCE % Historical Data

The historical data trend for Bradda Head 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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Bradda Head Lithium ROCE % Chart

Bradda Head Lithium Annual Data

Trend

Feb19

Feb20

Feb21

Feb22

Feb23

Feb24

ROCE %

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-46.87

-28.95

-49.64

-26.59

-9.21

Bradda Head Lithium Quarterly Data
	Feb19	Feb20	Aug20	Feb21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24	May24	Aug24
ROCE %	Get a 7-Day Free Trial												-34.43	-22.66	53.91	-15.50	-12.16

Bradda Head Lithium ROCE % Calculation

Bradda Head Lithium's annualized ROCE % for the fiscal year that ended in Feb. 2024 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Feb. 2024 )		(A: Feb. 2023 )		(A: Feb. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Feb. 2024 )		(A: Feb. 2023 )		(A: Feb. 2024 )
	=	-1.504	/	( ( (18.199 - 1.214)	+	(15.848 - 0.186) )	/ 2 )
	=	-1.504	/	( (16.985	+	15.662)	/ 2 )
	=	-1.504	/	16.3235
	=	-9.21 %

Bradda Head Lithium's ROCE % of for the quarter that ended in Aug. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Aug. 2024 )		(Q: May. 2024 )		(Q: Aug. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Aug. 2024 )		(Q: May. 2024 )		(Q: Aug. 2024 )
	=	-1.996	/	( ( (15.904 - 0.811)	+	(17.879 - 0.144) )	/ 2 )
	=	-1.996	/	( ( 15.093	+	17.735 )	/ 2 )
	=	-1.996	/	16.414
	=	-12.16 %

(1) Note: The EBIT data used here is four times the quarterly (Aug. 2024) EBIT data.

Bradda Head Lithium (OTCPK:BHLIF) 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.

Bradda Head Lithium ROCE % Related Terms

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Bradda Head Lithium Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Bradda Head Lithium Ltd (OTCPK:BHLIF) » Definitions » ROCE %

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Traded in Other Exchanges

BHL:UK 8CD1:Germany

Address

Craigmuir Chambers, Road Town, Tortola, VGB, VG1110

Website

https://www.braddaheadltd.com

Bradda Head Lithium Ltd is a lithium exploration company focused on developing its high-quality projects in the USA. The company holds interest in The Basin Project and the Wikieup Project located in Central and Western Arizona.