Jindalee Lithium (Jindalee Lithium) ROCE % : -30.21% (As of Dec. 2023)

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What is Jindalee 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. Jindalee Lithium's annualized ROCE % for the quarter that ended in Dec. 2023 was -30.21%.

Jindalee Lithium ROCE % Historical Data

The historical data trend for Jindalee 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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Jindalee Lithium ROCE % Chart

Jindalee Lithium Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

ROCE %

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-17.01

-4.57

-4.35

-6.59

-17.99

Jindalee Lithium Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
ROCE %	Get a 7-Day Free Trial															7.40	-20.60	-18.64	-17.86	-30.21

Jindalee Lithium ROCE % Calculation

Jindalee 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 )
	=	-2.23	/	( ( (13.266 - 0.427)	+	(12.341 - 0.383) )	/ 2 )
	=	-2.23	/	( (12.839	+	11.958)	/ 2 )
	=	-2.23	/	12.3985
	=	-17.99 %

Jindalee 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 )
	=	-3.816	/	( ( (12.341 - 0.383)	+	(13.705 - 0.397) )	/ 2 )
	=	-3.816	/	( ( 11.958	+	13.308 )	/ 2 )
	=	-3.816	/	12.633
	=	-30.21 %

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

Jindalee Lithium (OTCPK:JNDAF) 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.

Jindalee Lithium ROCE % Related Terms

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Jindalee Lithium (Jindalee Lithium) Business Description

Industry

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

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Traded in Other Exchanges

JLL:Australia

Address

9 Havelock Street, Level 2, West Perth, Perth, WA, AUS, 6005

Website

https://www.jindaleelithium.com

Jindalee Lithium Ltd is engaged in the exploration and development of Lithium properties in Australia. It holds interests in various tenements located in Tasmania and Western Australia, including gold, diamonds, nickel, iron ore, copper, magnesite, uranium, and other base metals, as well as rare earth minerals. The project holdings of the company include U.S. Lithium, McDermitt Lithium Project which is the largest lithium deposit contained by lithium in the United States, and The Clayton North project.

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