First Lithium Minerals (XCNQ:FLM) ROCE % : -34.24% (As of Sep. 2024)

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What is First Lithium Minerals 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. First Lithium Minerals's annualized ROCE % for the quarter that ended in Sep. 2024 was -34.24%.

First Lithium Minerals ROCE % Historical Data

The historical data trend for First Lithium Minerals'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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First Lithium Minerals ROCE % Chart

First Lithium Minerals Annual Data

Trend

Dec21

Dec22

Dec23

ROCE %

-775.90

-51.45

First Lithium Minerals Quarterly Data
	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
ROCE %	Get a 7-Day Free Trial									-30.04	-107.81	-28.33	-32.94	-34.24

First Lithium Minerals ROCE % Calculation

First Lithium Minerals'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 )
	=	-2.249	/	( ( (5.235 - 0.203)	+	(4.057 - 0.346) )	/ 2 )
	=	-2.249	/	( (5.032	+	3.711)	/ 2 )
	=	-2.249	/	4.3715
	=	-51.45 %

First Lithium Minerals's ROCE % of for the quarter that ended in Sep. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2024 )		(Q: Jun. 2024 )		(Q: Sep. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2024 )		(Q: Jun. 2024 )		(Q: Sep. 2024 )
	=	-1.052	/	( ( (3.666 - 0.428)	+	(3.344 - 0.437) )	/ 2 )
	=	-1.052	/	( ( 3.238	+	2.907 )	/ 2 )
	=	-1.052	/	3.0725
	=	-34.24 %

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

First Lithium Minerals (XCNQ:FLM) 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.

First Lithium Minerals ROCE % Related Terms

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First Lithium Minerals Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

FLMCF:USA X28:Germany

Address

77 King Street West, North Tower, Suite 3000, P.O. Box 95, Td Centre, Toronto, ON, CAN, M5K 1G8

Website

https://www.firstlithium.ca

First Lithium Minerals Corp is a mineral exploration company. The company's projects include the OCA Project in Northern Chile, the LSL Project located in Ontario, the Lucia project in Chile, the Jenna project in Chile, the Senneville project in Quebec, and the Lidstone Project in Ontario.

Executives

Robert Saltsman	10% Security Holder, Director, Senior Officer
Peter Edward Espig	Director
Ernest Mast Mast	Director

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