Atlas Lithium (STU:C480) ROCE % : -152.47% (As of Mar. 2024)

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What is Atlas 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. Atlas Lithium's annualized ROCE % for the quarter that ended in Mar. 2024 was -152.47%.

Atlas Lithium ROCE % Historical Data

The historical data trend for Atlas 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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Atlas Lithium ROCE % Chart

Atlas Lithium Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-322.13

-207.82

Atlas Lithium Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial															-278.94	-220.46	-180.82	-210.76	-152.47

Atlas Lithium ROCE % Calculation

Atlas 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 )
	=	-39.053	/	( ( (5.366 - 2.641)	+	(40.057 - 5.199) )	/ 2 )
	=	-39.053	/	( (2.725	+	34.858)	/ 2 )
	=	-39.053	/	18.7915
	=	-207.82 %

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

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	-48.508	/	( ( (40.057 - 5.199)	+	(34.683 - 5.913) )	/ 2 )
	=	-48.508	/	( ( 34.858	+	28.77 )	/ 2 )
	=	-48.508	/	31.814
	=	-152.47 %

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

Atlas Lithium (STU:C480) 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.

Atlas Lithium ROCE % Related Terms

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Atlas Lithium (STU:C480) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Atlas Lithium Corp (STU:C480) » Definitions » ROCE %

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Traded in Other Exchanges

ATLX:USA C480:Germany

Address

Rua Bahia 2463, Suite 205, Belo Horizonte, MG, BRA, 30.160-012

Website

https://www.atlas-lithium.com

Atlas Lithium Corp is a mineral exploration and development company with lithium projects and exploration properties in other critical and battery minerals, including nickel, rare earth, graphite, and titanium, to power the increased demand for electrification. Its current focus is on developing its hard-rock lithium project Minas Gerais Lithium Project located in Minas Gerais State in Brazil. The company intends to produce and sell lithium concentrate, a key ingredient for the battery supply chain.

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