CleanTech Lithium (LSE:CTL) ROCE % : -29.91% (As of Dec. 2023)

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What is CleanTech 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. CleanTech Lithium's annualized ROCE % for the quarter that ended in Dec. 2023 was -29.91%.

CleanTech Lithium ROCE % Historical Data

The historical data trend for CleanTech 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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CleanTech Lithium ROCE % Chart

CleanTech Lithium Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

ROCE %

-731.58

-67.68

-36.38

-31.71

CleanTech Lithium Semi-Annual Data
	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
ROCE %	Get a 7-Day Free Trial			-54.96	-42.59	-41.93	-40.04	-29.91

CleanTech Lithium ROCE % Calculation

CleanTech Lithium's annualized ROCE % for the fiscal year that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2023 )		(A: Dec. 2022 )		(A: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2023 )		(A: Dec. 2022 )		(A: Dec. 2023 )
	=	-5.886	/	( ( (17.964 - 0.634)	+	(20.523 - 0.73) )	/ 2 )
	=	-5.886	/	( (17.33	+	19.793)	/ 2 )
	=	-5.886	/	18.5615
	=	-31.71 %

CleanTech 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 )
	=	-5.244	/	( ( (15.914 - 0.643)	+	(20.523 - 0.73) )	/ 2 )
	=	-5.244	/	( ( 15.271	+	19.793 )	/ 2 )
	=	-5.244	/	17.532
	=	-29.91 %

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

CleanTech Lithium (LSE:CTL) 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.

CleanTech Lithium ROCE % Related Terms

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CleanTech Lithium (LSE:CTL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » CleanTech Lithium PLC (LSE:CTL) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

CTLHF:USA T2N:Germany

Address

7 Castle Street, De Carteret House, Saint Helier, JEY, JE2 3BT

Website

https://www.ctlithium.com

CleanTech Lithium PLC is focused on lithium exploration and development and has been progressing with two lithium projects in Chile, the Laguna Verde project and the Francisco Basin project. The Group holds mining exploration and mining exploitation licenses over the Projects which are prospective for lithium resources based on the lithium-enriched brine in the surface and sub-surface of the basins.

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