Cape Lithium (XCNQ:CLI) ROCE % : -3.05% (As of Oct. 2024)

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What is Cape 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. Cape Lithium's annualized ROCE % for the quarter that ended in Oct. 2024 was -3.05%.

Cape Lithium ROCE % Historical Data

The historical data trend for Cape 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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Cape Lithium ROCE % Chart

Cape Lithium Annual Data

Trend

Apr22

Apr23

Apr24

ROCE %

-29.38

-9.05

Cape Lithium Quarterly Data
	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24	Apr24	Jul24	Oct24
ROCE %	Get a 7-Day Free Trial							-59.81	-5.66	-10.01	-48.11	-3.05

Cape Lithium ROCE % Calculation

Cape Lithium'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 )
	=	-1.242	/	( ( (0.625 - 0.056)	+	(29.535 - 2.671) )	/ 2 )
	=	-1.242	/	( (0.569	+	26.864)	/ 2 )
	=	-1.242	/	13.7165
	=	-9.05 %

Cape Lithium's ROCE % of for the quarter that ended in Oct. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Oct. 2024 )		(Q: Jul. 2024 )		(Q: Oct. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Oct. 2024 )		(Q: Jul. 2024 )		(Q: Oct. 2024 )
	=	-1.06	/	( ( (30.302 - 2.178)	+	(44.113 - 2.714) )	/ 2 )
	=	-1.06	/	( ( 28.124	+	41.399 )	/ 2 )
	=	-1.06	/	34.7615
	=	-3.05 %

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

Cape Lithium (XCNQ:CLI) 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.

Cape Lithium ROCE % Related Terms

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Cape Lithium Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Cape Lithium Corp (XCNQ:CLI) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

1055 West Hastings Street, Suite 2250, Vancouver, BC, CAN, V6E 2E9

Website

https://moonboundmining.com

Cape Lithium Corp formerly Moonbound Mining Ltd is a mineral exploration and development company focused on the Yak Property in Northwestern British Columbia, Canada. The company's principal business activities include the acquisition and exploration of mineral property assets.

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