International Battery Metals (XCNQ:IBAT) ROCE % : -36.63% (As of Dec. 2023)

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What is International 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. International Battery Metals's annualized ROCE % for the quarter that ended in Dec. 2023 was -36.63%.

International Battery Metals ROCE % Historical Data

The historical data trend for International 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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International Battery Metals ROCE % Chart

International Battery Metals Annual Data

Trend

Jan12

Jan13

Jan14

Jan15

Jan16

Jan17

Jan18

Jan19

Jan20

Jan21

ROCE %

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-125.44

-613.98

-149.24

-44.52

-314.70

International Battery Metals Quarterly Data
	Oct18	Jan19	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial															-40.50	-99.55	-57.48	-25.11	-36.63

International Battery Metals ROCE % Calculation

International Battery Metals's annualized ROCE % for the fiscal year that ended in Jan. 2021 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Jan. 2021 )		(A: Jan. 2020 )		(A: Jan. 2021 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Jan. 2021 )		(A: Jan. 2020 )		(A: Jan. 2021 )
	=	-14.377	/	( ( (6.153 - 1.734)	+	(9.547 - 4.829) )	/ 2 )
	=	-14.377	/	( (4.419	+	4.718)	/ 2 )
	=	-14.377	/	4.5685
	=	-314.70 %

International 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 )
	=	-15.1	/	( ( (44.131 - 3.115)	+	(44.935 - 3.496) )	/ 2 )
	=	-15.1	/	( ( 41.016	+	41.439 )	/ 2 )
	=	-15.1	/	41.2275
	=	-36.63 %

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

International Battery Metals (XCNQ:IBAT) 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.

International Battery Metals ROCE % Related Terms

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International Battery Metals (XCNQ:IBAT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » International Battery Metals Ltd (XCNQ:IBAT) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

IBATF:USA 8RE:Germany 8RE:Germany

Address

1055 West Georgia Street, Suite 1750, Royal Centre, Vancouver, BC, CAN, V6E 3P3

Website

https://www.ibatterymetals.com

International Battery Metals Ltd is a technology company focused on lithium extraction from salars, geothermal brines and oil field brines. The company is in the process of creating and applying intellectual property related to lithium extraction from brines. Its extraction process is environmentally friendly, low cost, and has the potential to produce commercial-grade lithium at a faster rate.

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