Free Battery Metal (XCNQ:FREE) ROCE % : -146.67% (As of Jun. 2024)

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What is Free Battery Metal 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. Free Battery Metal's annualized ROCE % for the quarter that ended in Jun. 2024 was -146.67%.

Free Battery Metal ROCE % Historical Data

The historical data trend for Free Battery Metal'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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Free Battery Metal ROCE % Chart

Free Battery Metal Annual Data

Trend

May11

May12

May13

May14

May22

May23

ROCE %

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-4.79

-18.42

-14.90

-12.72

Free Battery Metal Quarterly Data
	May13	Aug13	Nov13	Feb14	May14	Aug14	Nov20	Feb21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Sep23	Dec23	Mar24	Jun24
ROCE %	Get a 7-Day Free Trial															-	-362.26	-452.94	-	-146.67

Free Battery Metal ROCE % Calculation

Free Battery Metal's annualized ROCE % for the fiscal year that ended in May. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: May. 2023 )		(A: May. 2022 )		(A: May. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: May. 2023 )		(A: May. 2022 )		(A: May. 2023 )
	=	-0.147	/	( ( (0.058 - 0.059)	+	(0 - 0.027) )	/ 2 )
	=	-0.147	/	( (-0.00099999999999999	+	-0.027)	/ 2 )
	=	-0.147	/	-0.014
	=	1,050.00 %

Free Battery Metal's ROCE % of for the quarter that ended in Jun. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jun. 2024 )		(Q: Mar. 2024 )		(Q: Jun. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jun. 2024 )		(Q: Mar. 2024 )		(Q: Jun. 2024 )
	=	-0.088	/	( ( (0.226 - 0.155)	+	(0.191 - 0.142) )	/ 2 )
	=	-0.088	/	( ( 0.071	+	0.049 )	/ 2 )
	=	-0.088	/	0.06
	=	-146.67 %

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

Free Battery Metal (XCNQ:FREE) 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.

Free Battery Metal ROCE % Related Terms

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Free Battery Metal Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Free Battery Metal Ltd (XCNQ:FREE) » Definitions » ROCE %

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Traded in Other Exchanges

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Address

833 Seymour Street, Suite 3606, Vancouver, BC, CAN, V6B 0G4

Website

https://febatterymetals.com

Free Battery Metal Ltd is a Toronto-based exploration and development company focused on the acquisition, exploration, and development of mineral properties that are prospective for lithium and other metals.