Tantalex Lithium Resources (TSXV:TTX) ROCE % : 0.00% (As of Nov. 2023)

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What is Tantalex Lithium Resources 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. Tantalex Lithium Resources's annualized ROCE % for the quarter that ended in Nov. 2023 was 0.00%.

Tantalex Lithium Resources ROCE % Historical Data

The historical data trend for Tantalex Lithium Resources'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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Tantalex Lithium Resources ROCE % Chart

Tantalex Lithium Resources Annual Data

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ROCE %

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Tantalex Lithium Resources Quarterly Data
	Feb19	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23
ROCE %	Get a 7-Day Free Trial															-	-	-	-	-

Tantalex Lithium Resources ROCE % Calculation

Tantalex Lithium Resources's annualized ROCE % for the fiscal year that ended in Feb. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Feb. 2023 )		(A: Feb. 2022 )		(A: Feb. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Feb. 2023 )		(A: Feb. 2022 )		(A: Feb. 2023 )
	=	-6.574	/	( ( (5.953 - 21.362)	+	(9.026 - 18.602) )	/ 2 )
	=	-6.574	/	( (-15.409	+	-9.576)	/ 2 )
	=	-6.574	/	-12.4925
	=	52.62 %

Tantalex Lithium Resources's ROCE % of for the quarter that ended in Nov. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Nov. 2023 )		(Q: Aug. 2023 )		(Q: Nov. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Nov. 2023 )		(Q: Aug. 2023 )		(Q: Nov. 2023 )
	=	-24.812	/	( ( (10.53 - 22.556)	+	(11.879 - 26.431) )	/ 2 )
	=	-24.812	/	( ( -12.026	+	-14.552 )	/ 2 )
	=	-24.812	/	-13.289
	=	0 %

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

Tantalex Lithium Resources (TSXV:TTX) 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.

Tantalex Lithium Resources ROCE % Related Terms

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Tantalex Lithium Resources (TSXV:TTX) Business Description

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GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Tantalex Lithium Resources Corp (TSXV:TTX) » Definitions » ROCE %

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TTLXF:USA DW8:Germany TTX:Canada

Address

120 Adelaide Street West, Suite 1410, Toronto, ON, CAN, M5H 1T1

Website

https://www.tantalexlithium.com

Tantalex Lithium Resources Corp is a mining exploration and development company. It is engaged in the acquisition, exploration, development, and distribution of lithium, tin, tantalum, and other high?tech mineral properties in Africa. Its projects comprise Manono Tailings, Pegmatite Corridor Exploration, and Lubule Tin and Tantalum. It has one operating segment being the sector of exploration and evaluation of mineral resources.

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