American Battery Materials (American Battery Materials) ROCE % : 0.00% (As of Mar. 2024)

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What is American Battery Materials 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. American Battery Materials's annualized ROCE % for the quarter that ended in Mar. 2024 was 0.00%.

American Battery Materials ROCE % Historical Data

The historical data trend for American Battery Materials'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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American Battery Materials ROCE % Chart

American Battery Materials Annual Data

Trend

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Dec23

ROCE %

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American Battery Materials Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
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American Battery Materials ROCE % Calculation

American Battery Materials'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 )
	=	-2.182	/	( ( (0.205 - 1.506)	+	(0.357 - 3.373) )	/ 2 )
	=	-2.182	/	( (-1.301	+	-3.016)	/ 2 )
	=	-2.182	/	-2.1585
	=	101.09 %

American Battery Materials's ROCE % of for the quarter that ended in Mar. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	-3.144	/	( ( (0.357 - 3.373)	+	(0.34 - 4.214) )	/ 2 )
	=	-3.144	/	( ( -3.016	+	-3.874 )	/ 2 )
	=	-3.144	/	-3.445
	=	0 %

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

American Battery Materials (OTCPK:BLTH) 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.

American Battery Materials ROCE % Related Terms

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American Battery Materials (American Battery Materials) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » American Battery Materials Inc (OTCPK:BLTH) » Definitions » ROCE %

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Traded in Other Exchanges

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Address

500 West Putnam Avenue, Suite 400, Greenwich, CT, USA, 06830

Website

https://www.americanbatterymaterials.com

American Battery Materials Inc is a US based renewable energy company focused on the extraction, refinement and distribution of technical minerals . This company focused on direct lithium extraction as well as other minerals for refining, processing and distribution to support the country's urgent critical minerals need to support long-term energy transition and the electrification of the U.S. domestic and global economy.

Executives