Leading Edge Materials (FRA:7FL) ROCE % : -11.96% (As of Jul. 2024)

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What is Leading Edge Materials 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. Leading Edge Materials's annualized ROCE % for the quarter that ended in Jul. 2024 was -11.96%.

Leading Edge Materials ROCE % Historical Data

The historical data trend for Leading Edge Materials'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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Leading Edge Materials ROCE % Chart

Leading Edge Materials Annual Data

Trend

Oct14

Oct15

Oct16

Oct17

Oct18

Oct19

Oct20

Oct21

Oct22

Oct23

ROCE %

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-8.25

-7.65

-8.74

-10.75

-9.65

Leading Edge Materials Quarterly Data
	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24	Apr24	Jul24
ROCE %	Get a 7-Day Free Trial															-5.34	-9.68	-10.36	-13.65	-11.96

Leading Edge Materials ROCE % Calculation

Leading Edge Materials's annualized ROCE % for the fiscal year that ended in Oct. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Oct. 2023 )		(A: Oct. 2022 )		(A: Oct. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Oct. 2023 )		(A: Oct. 2022 )		(A: Oct. 2023 )
	=	-1.681	/	( ( (17.671 - 0.151)	+	(17.533 - 0.227) )	/ 2 )
	=	-1.681	/	( (17.52	+	17.306)	/ 2 )
	=	-1.681	/	17.413
	=	-9.65 %

Leading Edge Materials's ROCE % of for the quarter that ended in Jul. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jul. 2024 )		(Q: Apr. 2024 )		(Q: Jul. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jul. 2024 )		(Q: Apr. 2024 )		(Q: Jul. 2024 )
	=	-2.144	/	( ( (17.034 - 0.116)	+	(19.13 - 0.204) )	/ 2 )
	=	-2.144	/	( ( 16.918	+	18.926 )	/ 2 )
	=	-2.144	/	17.922
	=	-11.96 %

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

Leading Edge Materials (FRA:7FL) 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.

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Leading Edge Materials Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Leading Edge Materials Corp (FRA:7FL) » Definitions » ROCE %

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LEMIF:USA LEMSE:Sweden 0V3V:UK LEM:Canada

Address

1040 West Georgia Street, 14th Floor, Vancouver, BC, CAN, V6E 4H1

Website

https://www.leadingedgematerials.com

Leading Edge Materials Corp is a Canada based exploration company. It is involved in the exploration and development of resource properties in Sweden and Finland with corporate operations in Canada. The properties owned by the company are Woxna Graphite Mine located in central Sweden, and Norra Karr Mine, a rare earth element resource, located in south-central Sweden, and Romania Nickel-cobalt project.

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