STSBF (South Star Battery Metals) ROCE % : -26.75% (As of Sep. 2024)

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What is South Star Battery 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. South Star Battery Metals's annualized ROCE % for the quarter that ended in Sep. 2024 was -26.75%.

South Star Battery Metals ROCE % Historical Data

The historical data trend for South Star Battery 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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South Star Battery Metals ROCE % Chart

South Star Battery Metals Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

ROCE %

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-68.52

-30.30

-13.23

-31.30

-23.70

South Star Battery Metals Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Mar24	Sep24
ROCE %	Get a 7-Day Free Trial															-13.42	-14.75	-16.88	-20.90	-26.75

South Star Battery Metals ROCE % Calculation

South Star Battery Metals's annualized ROCE % for the fiscal year that ended in Dec. 2022 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2022 )		(A: Dec. 2021 )		(A: Dec. 2022 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2022 )		(A: Dec. 2021 )		(A: Dec. 2022 )
	=	-3.044	/	( ( (7.336 - 0.325)	+	(19.486 - 0.809) )	/ 2 )
	=	-3.044	/	( (7.011	+	18.677)	/ 2 )
	=	-3.044	/	12.844
	=	-23.70 %

South Star Battery Metals'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: Mar. 2024 )		(Q: Sep. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2024 )		(Q: Mar. 2024 )		(Q: Sep. 2024 )
	=	-5.568	/	( ( (25.385 - 3.059)	+	(21.536 - 2.228) )	/ 2 )
	=	-5.568	/	( ( 22.326	+	19.308 )	/ 2 )
	=	-5.568	/	20.817
	=	-26.75 %

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

South Star Battery Metals (OTCPK:STSBF) 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.

South Star Battery Metals ROCE % Related Terms

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South Star Battery Metals Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » South Star Battery Metals Corp (OTCPK:STSBF) » Definitions » ROCE %

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STS:Canada

Address

1030 West Georgia Street, Suite 1507, Vancouver, BC, CAN, V6E 2Y3

Website

https://www.southstarbatterymetals.com

South Star Battery Metals Corp is focused on the acquisition and development of near-term mine-production projects, particularly battery minerals for clean energy. The company is currently developing the Santa Cruz Graphite Project in Bahia State, Brazil and also the Alabama Graphite Project in the USA.