Lithium Plus Minerals (ASX:LPM) ROCE % : -11.37% (As of Dec. 2023)

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What is Lithium Plus 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. Lithium Plus Minerals's annualized ROCE % for the quarter that ended in Dec. 2023 was -11.37%.

Lithium Plus Minerals ROCE % Historical Data

The historical data trend for Lithium Plus 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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Lithium Plus Minerals ROCE % Chart

Lithium Plus Minerals Annual Data

Trend

Jun23

ROCE %

-11.32

Lithium Plus Minerals Semi-Annual Data
	Dec22	Jun23	Dec23
ROCE %	-14.69	-12.59	-11.37

Lithium Plus Minerals ROCE % Calculation

Lithium Plus Minerals'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: . 20 )		(A: Jun. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Jun. 2023 )		(A: . 20 )		(A: Jun. 2023 )
	=		/	( ( ( - )	+	( - ) )	/ )
	=		/	( (	+	)	/ )
	=		/
	=	%

Lithium Plus Minerals'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 )
	=	-2.236	/	( ( (17.396 - 1.073)	+	(25.071 - 2.07) )	/ 2 )
	=	-2.236	/	( ( 16.323	+	23.001 )	/ 2 )
	=	-2.236	/	19.662
	=	-11.37 %

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

Lithium Plus Minerals (ASX:LPM) 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.

Lithium Plus Minerals ROCE % Related Terms

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Lithium Plus Minerals (ASX:LPM) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

N/A

Address

18-22 Pitt Street, Level 6, Sydney, NSW, AUS, 2000

Website

https://www.lithiumplus.com.au

Lithium Plus Minerals Ltd is engaged in the mining and exploration of lithium. The projects of the company include Bynoe Lithium projects, Arunta Lithium projects, the Barrow Creek, Spotted Wonder and Moonlightand Wingate projects.

Lithium Plus Minerals (ASX:LPM) Headlines

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