Grit Metals (FRA:K9T) ROCE % : -22.79% (As of Nov. 2024)

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What is Grit Metals 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. Grit Metals's annualized ROCE % for the quarter that ended in Nov. 2024 was -22.79%.

Grit Metals ROCE % Historical Data

The historical data trend for Grit Metals'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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Grit Metals ROCE % Chart

Grit Metals Annual Data

Trend

May21

May22

May23

May24

ROCE %

-58.67

-55.27

-63.44

Grit Metals Quarterly Data
	May21	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24	May24	Aug24	Nov24
ROCE %	Get a 7-Day Free Trial							-53.17	-25.38	-24.38	-22.43	-22.79

Grit Metals ROCE % Calculation

Grit Metals's annualized ROCE % for the fiscal year that ended in May. 2024 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: May. 2024 )		(A: May. 2023 )		(A: May. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: May. 2024 )		(A: May. 2023 )		(A: May. 2024 )
	=	-1.266	/	( ( (1.028 - 0.108)	+	(3.234 - 0.163) )	/ 2 )
	=	-1.266	/	( (0.92	+	3.071)	/ 2 )
	=	-1.266	/	1.9955
	=	-63.44 %

Grit Metals's ROCE % of for the quarter that ended in Nov. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Nov. 2024 )		(Q: Aug. 2024 )		(Q: Nov. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Nov. 2024 )		(Q: Aug. 2024 )		(Q: Nov. 2024 )
	=	-0.796	/	( ( (3.238 - 0.316)	+	(4.242 - 0.178) )	/ 2 )
	=	-0.796	/	( ( 2.922	+	4.064 )	/ 2 )
	=	-0.796	/	3.493
	=	-22.79 %

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

Grit Metals (FRA:K9T) 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.

Grit Metals ROCE % Related Terms

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Grit Metals Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Grit Metals Corp (FRA:K9T) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

EUEMF:USA FIN:Canada

Address

503 - 905 West Pender Street, Vancouver, BC, CAN, V6C 1L6

Website

https://www.europeanenergymetals.com

Grit Metals Corp is a junior mining company currently focussed on the Lithium-Cesium-Tantalum Finnish Pegmatite Project in central Finland. Governing bodies in Europe and Finland are legislating environmentally friendly and energy-independent laws and policies. Its key component is access to REE and, specifically, lithium. The company's exploration licenses are located within the Keliber mine and production complex, currently under construction and expected to begin production in H2 2025.

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