Arizona Lithium (ASX:AZL) ROCE % : -30.06% (As of Dec. 2023)

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What is Arizona 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. Arizona Lithium's annualized ROCE % for the quarter that ended in Dec. 2023 was -30.06%.

Arizona Lithium ROCE % Historical Data

The historical data trend for Arizona 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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Arizona Lithium ROCE % Chart

Arizona Lithium Annual Data

Trend

Jun11

Jun12

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

ROCE %

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-679.36

-276.08

-136.66

-44.35

-24.57

Arizona Lithium Semi-Annual Data
	Dec12	Dec13	Dec14	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
ROCE %	Get a 7-Day Free Trial															-133.91	-14.49	-23.64	-27.83	-30.06

Arizona Lithium ROCE % Calculation

Arizona Lithium's annualized ROCE % for the fiscal year that ended in Jun. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Jun. 2023 )		(A: Jun. 2022 )		(A: Jun. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Jun. 2023 )		(A: Jun. 2022 )		(A: Jun. 2023 )
	=	-14.963	/	( ( (44.125 - 1.253)	+	(81.124 - 2.206) )	/ 2 )
	=	-14.963	/	( (42.872	+	78.918)	/ 2 )
	=	-14.963	/	60.895
	=	-24.57 %

Arizona Lithium'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: Jun. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Jun. 2023 )		(Q: Dec. 2023 )
	=	-26.284	/	( ( (81.124 - 2.206)	+	(97.458 - 1.491) )	/ 2 )
	=	-26.284	/	( ( 78.918	+	95.967 )	/ 2 )
	=	-26.284	/	87.4425
	=	-30.06 %

(1) Note: The EBIT data used here is two times the semi-annual (Dec. 2023) EBIT data.

Arizona Lithium (ASX:AZL) 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.

Arizona Lithium ROCE % Related Terms

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Arizona Lithium (ASX:AZL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Arizona Lithium Ltd (ASX:AZL) » Definitions » ROCE %

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AZLAF:USA UDE0:Germany

Address

10 Outram Street, West Perth, Perth, WA, AUS, 6005

Website

https://www.arizonalithium.com

Arizona Lithium Ltd is an Australian company focused on the development and exploration of its US lithium assets. The company is engaged in the development of its Big Sandy Lithium Project in Arizona and Lordsburg Lithium Project in New Mexico.

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