PLLTL (Piedmont Lithium) ROCE % : -22.18% (As of Sep. 2024)

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What is Piedmont 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. Piedmont Lithium's annualized ROCE % for the quarter that ended in Sep. 2024 was -22.18%.

Piedmont Lithium ROCE % Historical Data

The historical data trend for Piedmont 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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Piedmont Lithium ROCE % Chart

Piedmont Lithium Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Dec22

Dec23

ROCE %

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-187.62

-43.27

-19.04

-4.26

-6.07

Piedmont Lithium Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
ROCE %	Get a 7-Day Free Trial															29.12	-29.32	-32.28	-17.11	-22.18

Piedmont Lithium ROCE % Calculation

Piedmont 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 )
	=	-18.632	/	( ( (287.921 - 13.411)	+	(381.255 - 41.366) )	/ 2 )
	=	-18.632	/	( (274.51	+	339.889)	/ 2 )
	=	-18.632	/	307.1995
	=	-6.07 %

Piedmont Lithium's ROCE % of for the quarter that ended in Sep. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2024 )		(Q: Jun. 2024 )		(Q: Sep. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2024 )		(Q: Jun. 2024 )		(Q: Sep. 2024 )
	=	-66.072	/	( ( (339.64 - 36.017)	+	(329.227 - 37.026) )	/ 2 )
	=	-66.072	/	( ( 303.623	+	292.201 )	/ 2 )
	=	-66.072	/	297.912
	=	-22.18 %

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

Piedmont Lithium (OTCPK:PLLTL) 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.

Piedmont Lithium ROCE % Related Terms

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Piedmont Lithium Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Piedmont Lithium Inc (OTCPK:PLLTL) » Definitions » ROCE %

Comparable Companies

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PLL:USA 6S3:Germany 6S3:Germany 6S3A:Germany 6S3A:Germany PLL:Australia

Address

42 E Catawba Street, Belmont, NC, USA, 28012

Website

https://www.piedmontlithium.com

Piedmont Lithium Inc, is a U.S. based, development-stage, multi-asset, integrated lithium business in support of a clean energy economy and U.S. and world-wide energy security. Its portfolio of wholly-owned projects includes Carolina Lithium, a proposed fully integrated spodumene ore-to-lithium hydroxide project in Gaston County, North Carolina, and Tennessee Lithium, a proposed merchant lithium hydroxide manufacturing plant in McMinn County, Tennessee.