Piedmont Lithium (Piedmont Lithium) ROCE % : -32.28% (As of Mar. 2024)

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What is Piedmont 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. Piedmont Lithium's annualized ROCE % for the quarter that ended in Mar. 2024 was -32.28%.

Piedmont Lithium ROCE % Historical Data

The historical data trend for Piedmont 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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Piedmont Lithium ROCE % Chart

Piedmont Lithium Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Dec22

Dec23

ROCE %

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-187.62

-43.27

-19.04

-4.26

-6.07

Piedmont Lithium Quarterly Data
	Mar19	Jun19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial															-10.66	-11.99	29.12	-29.32	-32.28

Piedmont Lithium ROCE % Calculation

Piedmont Lithium'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 )
	=	-18.632	/	( ( (287.921 - 13.411)	+	(381.255 - 41.366) )	/ 2 )
	=	-18.632	/	( (274.51	+	339.889)	/ 2 )
	=	-18.632	/	307.1995
	=	-6.07 %

Piedmont Lithium'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 )
	=	-105.928	/	( ( (381.255 - 41.366)	+	(335.203 - 18.81) )	/ 2 )
	=	-105.928	/	( ( 339.889	+	316.393 )	/ 2 )
	=	-105.928	/	328.141
	=	-32.28 %

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

Piedmont Lithium (NAS:PLL) 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.

Piedmont Lithium ROCE % Related Terms

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Piedmont Lithium (Piedmont Lithium) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Piedmont Lithium Inc (NAS:PLL) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

PLLTL:USA 6S3:Germany 6S3A:Germany 6S3A:Germany PLL:Australia

Address

42 E Catawba Street, Belmont, NC, USA, 28012

Website

https://www.piedmontlithium.com

Piedmont Lithium Inc, is a lithium-based company focused on the development of its Piedmont Lithium Project located within the Carolina TinSpodumene Belt (''TSB'') and along trend to the Hallman Beam and Kings Mountain mines.

Executives

Claude Demby	director	C/O SMART MODULAR TECHNOLOGIES, INC., 39870 EUREKA DRIVE, NEWARK CA 94560
Michael D White	officer: EVP and CFO	17988 EDISON AVE, CHESTERFIELD MA 63005
Michael A Bless	director	C/O ROCKWELL INTERNATIONAL INC, 777 E. WISCONSIN AVE #1400, MILWAUKEE WI 53202
Bruce Czachor	officer: EVP, CLO & Secretary	32 NORTH MAIN STREET, SUITE 100, BELMONT NC 28012
Patrick Brindle	officer: EVP and CDO	32N MAIN STREET, SUITE 100, BELMONT NC 28012
Keith D. Phillips	director, officer: President and CEO	42 E CATAWBA STREET, BELMONT NC 28012
Austin Devaney	officer: EVP and CCO	C/O PIEDMONT LITHIUM INC., 42 E CATAWBA STREET, BELMONT NC 28012
Krishna Mcvey	officer: EVP and CAO	C/O PIEDMONT LITHIUM INC., 42 E CATAWBA STREET, BELMONT NC 28012
Christina M Alvord	director	1200 URBAN CENTER DRIVE, BIRMINGHAM AL 35242
Jeffrey T. Armstrong	director	32N MAIN STREET, SUITE 100, BELMONT NC 28012
David Klanecky	officer: EVP and COO	32N MAIN STREET, SUITE 100, BELMONT NC 28012
Susan C. Jones	director	32N MAIN STREET, SUITE 100, BELMONT NC 28012
Levi Mochkin	director
Todd Hannigan	director	32N MAIN STREET, SUITE 100, BELMONT NC 28012
Jorge Beristain	director	32N MAIN STREET, SUITE 100, BELMONT NC 28012