Vital Battery Metals (XCNQ:VBAM) ROCE % : -10.80% (As of Aug. 2024)

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What is Vital 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. Vital Battery Metals's annualized ROCE % for the quarter that ended in Aug. 2024 was -10.80%.

Vital Battery Metals ROCE % Historical Data

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

Vital Battery Metals Annual Data

Trend

Feb22

Feb23

Feb24

ROCE %

-65.80

-21.62

Vital Battery Metals Quarterly Data
	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24	May24	Aug24
ROCE %	Get a 7-Day Free Trial						-11.67	-47.29	-9.55	-12.80	-10.80

Vital Battery Metals ROCE % Calculation

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

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Feb. 2024 )		(A: Feb. 2023 )		(A: Feb. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Feb. 2024 )		(A: Feb. 2023 )		(A: Feb. 2024 )
	=	-0.96	/	( ( (4.063 - 0.098)	+	(4.989 - 0.073) )	/ 2 )
	=	-0.96	/	( (3.965	+	4.916)	/ 2 )
	=	-0.96	/	4.4405
	=	-21.62 %

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

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Aug. 2024 )		(Q: May. 2024 )		(Q: Aug. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Aug. 2024 )		(Q: May. 2024 )		(Q: Aug. 2024 )
	=	-0.516	/	( ( (4.834 - 0.061)	+	(4.92 - 0.134) )	/ 2 )
	=	-0.516	/	( ( 4.773	+	4.786 )	/ 2 )
	=	-0.516	/	4.7795
	=	-10.80 %

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

Vital Battery Metals (XCNQ:VBAM) 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.

Vital Battery Metals ROCE % Related Terms

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Vital Battery Metals Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Vital Battery Metals Inc (XCNQ:VBAM) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

VBAMF:USA C0O:Germany

Address

838 West Hastings Street, Suite 700, Vancouver, BC, CAN, V6C 0A6

Website

https://www.vitalbatterymetals.com

Vital Battery Metals Inc is a mineral exploration company dedicated to the development of projects comprising of battery, base, and precious metals. The company's project portfolio include the Vent Copper-Gold project, Dickson Lake Lithium, Schofield Lithium, the Sting Copper Property, and others in British Columbia.

Executives

Mandeep Parmar	Director
Richard,todd Hanas	Director
Paul Chung	Director

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