Advance Lithium (TSXV:AALI.H) ROCE % : -143.64% (As of Feb. 2023)

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What is Advance 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. Advance Lithium's annualized ROCE % for the quarter that ended in Feb. 2023 was -143.64%.

Advance Lithium ROCE % Historical Data

The historical data trend for Advance 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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Advance Lithium ROCE % Chart

Advance Lithium Annual Data

Trend

May13

May14

May15

May16

May17

May18

May19

May20

May21

May22

ROCE %

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-80.20

-52.31

-16.85

-31.04

-214.52

Advance Lithium Quarterly Data
	May18	Aug18	Nov18	Feb19	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23
ROCE %	Get a 7-Day Free Trial															-15.13	-660.28	-142.90	-192.65	-143.64

Advance Lithium ROCE % Calculation

Advance Lithium's annualized ROCE % for the fiscal year that ended in May. 2022 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: May. 2022 )		(A: May. 2021 )		(A: May. 2022 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: May. 2022 )		(A: May. 2021 )		(A: May. 2022 )
	=	-3.545	/	( ( (3.226 - 0.308)	+	(0.872 - 0.485) )	/ 2 )
	=	-3.545	/	( (2.918	+	0.387)	/ 2 )
	=	-3.545	/	1.6525
	=	-214.52 %

Advance Lithium's ROCE % of for the quarter that ended in Feb. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Feb. 2023 )		(Q: Nov. 2022 )		(Q: Feb. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Feb. 2023 )		(Q: Nov. 2022 )		(Q: Feb. 2023 )
	=	-0.316	/	( ( (0.741 - 0.519)	+	(0.783 - 0.565) )	/ 2 )
	=	-0.316	/	( ( 0.222	+	0.218 )	/ 2 )
	=	-0.316	/	0.22
	=	-143.64 %

(1) Note: The EBIT data used here is four times the quarterly (Feb. 2023) EBIT data.

Advance Lithium (TSXV:AALI.H) 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.

Advance Lithium ROCE % Related Terms

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Advance Lithium Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Advance Lithium Corp (TSXV:AALI.H) » Definitions » ROCE %

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Address

432 Royal Avenue, Kamloops, BC, CAN, V2B 3P7

Website

https://www.advancelithiumcorp.com

Advance Lithium Corp is a junior exploration company focused on exploring and acquiring mineral properties containing lithium, precious metals and fertilizer minerals. The company has approximately 13 lithium-potassium-boron salars and a pilot plant designed and built using a patented extraction method to process lithium in a green manner.

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