Discovery Lithium (XCNQ:DCLI) ROCE % : -52.39% (As of Oct. 2023)

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What is Discovery 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. Discovery Lithium's annualized ROCE % for the quarter that ended in Oct. 2023 was -52.39%.

Discovery Lithium ROCE % Historical Data

The historical data trend for Discovery 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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Discovery Lithium ROCE % Chart

Discovery Lithium Annual Data

Trend

Jan22

Jan23

ROCE %

-19.76

Discovery Lithium Quarterly Data
	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23
ROCE %	Get a 7-Day Free Trial			-20.01	-20.96	-17.14	-83.66	-52.39

Discovery Lithium ROCE % Calculation

Discovery Lithium's annualized ROCE % for the fiscal year that ended in Jan. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Jan. 2023 )		(A: Jan. 2022 )		(A: Jan. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Jan. 2023 )		(A: Jan. 2022 )		(A: Jan. 2023 )
	=	-0.55	/	( ( (1.745 - 0)	+	(3.886 - 0.065) )	/ 2 )
	=	-0.55	/	( (1.745	+	3.821)	/ 2 )
	=	-0.55	/	2.783
	=	-19.76 %

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

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Oct. 2023 )		(Q: Jul. 2023 )		(Q: Oct. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Oct. 2023 )		(Q: Jul. 2023 )		(Q: Oct. 2023 )
	=	-4.332	/	( ( (6.113 - 0.302)	+	(10.945 - 0.217) )	/ 2 )
	=	-4.332	/	( ( 5.811	+	10.728 )	/ 2 )
	=	-4.332	/	8.2695
	=	-52.39 %

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

Discovery Lithium (XCNQ:DCLI) 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.

Discovery Lithium ROCE % Related Terms

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Discovery Lithium (XCNQ:DCLI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Discovery Lithium Inc (XCNQ:DCLI) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

DCLIF:USA Q3Q0:Germany

Address

1110 Hamilton Strett, Suite 306, Vancouver, BC, CAN, V6B 2S2

Website

ISM Resources Corp is a junior exploration company engaged in the exploration and development of the ESN Property, Koster Dam Property, and Quet Gold Ridge and Fire Creek Property. It is engaged in the business of gold mineral exploration.

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