Lithium Ionic (STU:H3N) ROCE % : -120.91% (As of Sep. 2024)

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What is Lithium Ionic 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. Lithium Ionic's annualized ROCE % for the quarter that ended in Sep. 2024 was -120.91%.

Lithium Ionic ROCE % Historical Data

The historical data trend for Lithium Ionic'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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Lithium Ionic ROCE % Chart

Lithium Ionic Annual Data

Trend

Dec21

Dec22

Dec23

ROCE %

-139.04

-324.31

Lithium Ionic Quarterly Data
	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
ROCE %	Get a 7-Day Free Trial										-410.36	-373.58	-555.21	-2,187.06	-120.91

Lithium Ionic ROCE % Calculation

Lithium Ionic'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 )
	=	-43.943	/	( ( (22.819 - 1.473)	+	(9.022 - 3.269) )	/ 2 )
	=	-43.943	/	( (21.346	+	5.753)	/ 2 )
	=	-43.943	/	13.5495
	=	-324.31 %

Lithium Ionic'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 )
	=	-11.892	/	( ( (7.896 - 5.232)	+	(21.565 - 4.558) )	/ 2 )
	=	-11.892	/	( ( 2.664	+	17.007 )	/ 2 )
	=	-11.892	/	9.8355
	=	-120.91 %

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

Lithium Ionic (STU:H3N) 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.

Lithium Ionic ROCE % Related Terms

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Lithium Ionic Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Lithium Ionic Corp (STU:H3N) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

LTHCF:USA LTH:Canada

Address

36 Lombard Street, 4th Floor, Toronto, ON, CAN, M5C 2X3

Website

https://www.lithiumionic.com

Lithium Ionic Corp is a Canadian junior exploration company focused on developing commercial-grade lithium. It owns a 100% ownership interest in the Itinga lithium project. It operates a single operating segment, which is mineral exploration and evaluation in Brazil.

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