Lithiumbank Resources (TSXV:LBNK) ROCE % : -62.82% (As of Dec. 2023)

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What is Lithiumbank Resources 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. Lithiumbank Resources's annualized ROCE % for the quarter that ended in Dec. 2023 was -62.82%.

Lithiumbank Resources ROCE % Historical Data

The historical data trend for Lithiumbank Resources'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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Lithiumbank Resources ROCE % Chart

Lithiumbank Resources Annual Data

Trend

Sep21

Sep22

Sep23

ROCE %

-62.64

-39.16

-97.46

Lithiumbank Resources Quarterly Data
	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial						-48.17	-64.16	-151.48	-	-62.82

Lithiumbank Resources ROCE % Calculation

Lithiumbank Resources's annualized ROCE % for the fiscal year that ended in Sep. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Sep. 2023 )		(A: Sep. 2022 )		(A: Sep. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Sep. 2023 )		(A: Sep. 2022 )		(A: Sep. 2023 )
	=	-6.948	/	( ( (8.234 - 0.294)	+	(11.03 - 4.712) )	/ 2 )
	=	-6.948	/	( (7.94	+	6.318)	/ 2 )
	=	-6.948	/	7.129
	=	-97.46 %

Lithiumbank Resources'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 )
	=	-5.88	/	( ( (11.03 - 4.712)	+	(15.894 - 3.493) )	/ 2 )
	=	-5.88	/	( ( 6.318	+	12.401 )	/ 2 )
	=	-5.88	/	9.3595
	=	-62.82 %

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

Lithiumbank Resources (TSXV:LBNK) 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.

Lithiumbank Resources ROCE % Related Terms

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Lithiumbank Resources (TSXV:LBNK) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Lithiumbank Resources Corp (TSXV:LBNK) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

LBNKF:USA HT9:Germany

Address

595 Howe Street, 10th Floor, Vancouver, BC, CAN, V6C 2T5

Website

https://www.lithiumbank.ca

Lithiumbank Resources Corp is engaged in the exploration and development company focused on lithium-enriched brine projects in Western Canada.

Executives

John Gianni Kovacevic	Director
Christopher Stuart Murray	Director

Lithiumbank Resources (TSXV:LBNK) Headlines

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