Grid Battery Metals (STU:W47) ROCE % : -41.06% (As of Dec. 2023)

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What is Grid Battery Metals 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. Grid Battery Metals's annualized ROCE % for the quarter that ended in Dec. 2023 was -41.06%.

Grid Battery Metals ROCE % Historical Data

The historical data trend for Grid Battery Metals'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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Grid Battery Metals ROCE % Chart

Grid Battery Metals Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

ROCE %

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-62.61

-96.69

-85.43

-13.12

-22.68

Grid Battery Metals Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial															-25.04	-132.59	-11.41	71.07	-41.06

Grid Battery Metals ROCE % Calculation

Grid Battery Metals'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 )
	=	-0.753	/	( ( (1.249 - 0.016)	+	(5.436 - 0.028) )	/ 2 )
	=	-0.753	/	( (1.233	+	5.408)	/ 2 )
	=	-0.753	/	3.3205
	=	-22.68 %

Grid Battery Metals'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: Sep. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	-2.796	/	( ( (7.407 - 0.017)	+	(6.238 - 0.009) )	/ 2 )
	=	-2.796	/	( ( 7.39	+	6.229 )	/ 2 )
	=	-2.796	/	6.8095
	=	-41.06 %

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

Grid Battery Metals (STU:W47) 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.

Grid Battery Metals ROCE % Related Terms

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Grid Battery Metals (STU:W47) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Grid Battery Metals Inc (STU:W47) » Definitions » ROCE %

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Traded in Other Exchanges

EVKRF:USA CELL:Canada

Address

3028 Quadra Court, Coquitlam, BC, CAN, V3B 5X6

Website

https://www.gridbatterymetals.com

Grid Battery Metals Inc is an exploration and mining company. The company primarily explores nickel-iron alloys, important in the manufacture of environmentally efficient batteries for the electric vehicle markets. Its projects are Hard Nickel Group; Nickel 100 Group, Texas Spring, Volt canyon and Clayton Valley Lithium.

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