Alpha Lithium (NEOE:ALLI) ROCE % : -5.50% (As of Sep. 2023)

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What is Alpha 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. Alpha Lithium's annualized ROCE % for the quarter that ended in Sep. 2023 was -5.50%.

Alpha Lithium ROCE % Historical Data

The historical data trend for Alpha 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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Alpha Lithium ROCE % Chart

Alpha Lithium Annual Data

Trend

Oct13

Oct14

Oct15

Oct16

Oct17

Oct18

Oct19

Dec20

Dec21

Dec22

ROCE %

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-33.23

-89.74

-61.02

-18.30

-20.63

Alpha Lithium Quarterly Data
	Oct18	Jan19	Apr19	Jul19	Oct19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
ROCE %	Get a 7-Day Free Trial															-15.52	-23.14	-11.46	-20.24	-5.50

Alpha Lithium ROCE % Calculation

Alpha Lithium's annualized ROCE % for the fiscal year that ended in Dec. 2022 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2022 )		(A: Dec. 2021 )		(A: Dec. 2022 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2022 )		(A: Dec. 2021 )		(A: Dec. 2022 )
	=	-12.596	/	( ( (67.819 - 4.8)	+	(67.971 - 8.87) )	/ 2 )
	=	-12.596	/	( (63.019	+	59.101)	/ 2 )
	=	-12.596	/	61.06
	=	-20.63 %

Alpha Lithium's ROCE % of for the quarter that ended in Sep. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2023 )		(Q: Jun. 2023 )		(Q: Sep. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2023 )		(Q: Jun. 2023 )		(Q: Sep. 2023 )
	=	-4.14	/	( ( (83.766 - 10.56)	+	(84.331 - 6.947) )	/ 2 )
	=	-4.14	/	( ( 73.206	+	77.384 )	/ 2 )
	=	-4.14	/	75.295
	=	-5.50 %

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

Alpha Lithium (NEOE:ALLI) 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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Alpha Lithium (NEOE:ALLI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Alpha Lithium Corp (NEOE:ALLI) » Definitions » ROCE %

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Address

535 Thurlow Street, Suite 801, Vancouver, BC, CAN, V6E 3L2

Website

https://www.alphalithium.com

Alpha Lithium Corp is a Canada-based exploration company. It is focused on the acquisition and development of high-grade lithium brine deposits. The company holds an interest in the Tolillar Project.

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