Chariot (STU:ZJ5) ROCE % : -23.72% (As of Jun. 2024)

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What is Chariot 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. Chariot's annualized ROCE % for the quarter that ended in Jun. 2024 was -23.72%.

Chariot ROCE % Historical Data

The historical data trend for Chariot'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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Chariot ROCE % Chart

Chariot Annual Data

Trend

Dec21

Dec22

Dec23

ROCE %

-8.59

-23.19

Chariot Semi-Annual Data
	Dec21	Dec22	Jun23	Dec23	Jun24
ROCE %	-	-	-18.87	-62.14	-23.72

Chariot ROCE % Calculation

Chariot'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 )
	=	-5.509	/	( ( (29.166 - 1.834)	+	(27.714 - 7.543) )	/ 2 )
	=	-5.509	/	( (27.332	+	20.171)	/ 2 )
	=	-5.509	/	23.7515
	=	-23.19 %

Chariot's ROCE % of for the quarter that ended in Jun. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jun. 2024 )		(Q: Dec. 2023 )		(Q: Jun. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jun. 2024 )		(Q: Dec. 2023 )		(Q: Jun. 2024 )
	=	-4.688	/	( ( (27.714 - 7.543)	+	(21.617 - 2.26) )	/ 2 )
	=	-4.688	/	( ( 20.171	+	19.357 )	/ 2 )
	=	-4.688	/	19.764
	=	-23.72 %

(1) Note: The EBIT data used here is two times the semi-annual (Jun. 2024) EBIT data.

Chariot (STU:ZJ5) 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.

Chariot ROCE % Related Terms

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Chariot Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Chariot Corp Ltd (STU:ZJ5) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

CC9:Australia

Address

Unit No. 30, 118 Royal Street, East Perth, Perth, WA, AUS, 6004

Website

https://www.chariotcorporation.com

Chariot Corp Ltd is a mineral exploration company engaged in exploration of lithium assets located in Australia, Zimbabwe and the United States. Its projects include Wyoming Lithium Projects, Black Mountain Project, Resurgent Project and others. The company has two operating segments; Lithium Portfolio Review and Corporate Review.

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