Global Battery Metals (TSXV:GBML) ROCE % : -14.50% (As of Jul. 2024)

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What is Global 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. Global Battery Metals's annualized ROCE % for the quarter that ended in Jul. 2024 was -14.50%.

Global Battery Metals ROCE % Historical Data

The historical data trend for Global 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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Global Battery Metals ROCE % Chart

Global Battery Metals Annual Data

Trend

Apr15

Apr16

Apr17

Apr18

Apr19

Apr20

Apr21

Apr22

Apr23

Apr24

ROCE %

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-11.80

-28.79

-20.68

-26.36

-39.57

Global Battery Metals Quarterly Data
	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Jan24	Apr24	Jul24
ROCE %	Get a 7-Day Free Trial															-24.80	-13.54	-18.33	-94.19	-14.50

Global Battery Metals ROCE % Calculation

Global Battery Metals's annualized ROCE % for the fiscal year that ended in Apr. 2024 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Apr. 2024 )		(A: Apr. 2023 )		(A: Apr. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Apr. 2024 )		(A: Apr. 2023 )		(A: Apr. 2024 )
	=	-2.342	/	( ( (6.965 - 0.353)	+	(7.607 - 2.382) )	/ 2 )
	=	-2.342	/	( (6.612	+	5.225)	/ 2 )
	=	-2.342	/	5.9185
	=	-39.57 %

Global Battery Metals's ROCE % of for the quarter that ended in Jul. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jul. 2024 )		(Q: Apr. 2024 )		(Q: Jul. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jul. 2024 )		(Q: Apr. 2024 )		(Q: Jul. 2024 )
	=	-0.748	/	( ( (7.607 - 2.382)	+	(7.51 - 2.415) )	/ 2 )
	=	-0.748	/	( ( 5.225	+	5.095 )	/ 2 )
	=	-0.748	/	5.16
	=	-14.50 %

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

Global Battery Metals (TSXV:GBML) 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.

Global Battery Metals ROCE % Related Terms

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Global Battery Metals Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Global Battery Metals Ltd (TSXV:GBML) » Definitions » ROCE %

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REZZF:USA REZ:Germany

Address

1199 West Hastings Street, Suite 1100, Vancouver, BC, CAN, V6E 3T5

Website

https://www.gbml.ca

Global Battery Metals Ltd is a Canadian exploration and development company. It is engaged in the acquisition, exploration, and development of mineral properties. The Company has one operating segment, which is mineral exploration and development. The company holds interests in North-West Leinster Lithium Property in Ireland, Lithium King Property in Utah, the Lapoile Lithium Project in Newfoundland, the Nickel-copper project in Michigan, and the Lara copper property in Peru. Geographically, it has a presence in Ireland, North America, and Peru.

Executives

Craig A. Roberts	Director
Michael Darren Murphy	Director, Senior Officer
Jean-philippe Paiement	Senior Officer
Cameron Charles Bell	Director
Gary Duncan Brown	Director
Alan Forrester Matthews	Director

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