NOA Lithium Brines (TSXV:NOAL) ROCE % : -49.75% (As of Dec. 2023)

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What is NOA Lithium Brines 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. NOA Lithium Brines's annualized ROCE % for the quarter that ended in Dec. 2023 was -49.75%.

NOA Lithium Brines ROCE % Historical Data

The historical data trend for NOA Lithium Brines'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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NOA Lithium Brines ROCE % Chart

NOA Lithium Brines Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

-37.17

-128.78

NOA Lithium Brines Quarterly Data
	Dec19	Dec20	Sep21	Dec21	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial						-33.98	-59.38	-187.87	-83.84	-49.75

NOA Lithium Brines ROCE % Calculation

NOA Lithium Brines'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 )
	=	-11.91	/	( ( (6.119 - 0.32)	+	(13.548 - 0.85) )	/ 2 )
	=	-11.91	/	( (5.799	+	12.698)	/ 2 )
	=	-11.91	/	9.2485
	=	-128.78 %

NOA Lithium Brines's ROCE % of for the quarter that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	-6.396	/	( ( (14.413 - 1.401)	+	(13.548 - 0.85) )	/ 2 )
	=	-6.396	/	( ( 13.012	+	12.698 )	/ 2 )
	=	-6.396	/	12.855
	=	-49.75 %

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

NOA Lithium Brines (TSXV:NOAL) 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.

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NOA Lithium Brines (TSXV:NOAL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » NOA Lithium Brines Inc (TSXV:NOAL) » Definitions » ROCE %

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Traded in Other Exchanges

NLIBF:USA N7N:Germany

Address

639 – 5th Avenue S.W, Suite 1250, Calgary, AB, CAN, T2P 0M9

Website

https://www.noalithium.com

NOA Lithium Brines Inc is a lithium exploration and development company formed to acquire assets with resource potential. The company's projects are in the heart of the prolific Lithium Triangle, in the mining-friendly province of Salta, Argentina, near a multitude of projects and operations, managed by some of the players in the lithium industry.

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