Alderon Iron Ore (Alderon Iron Ore) ROCE % : -4.04% (As of Sep. 2019)

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What is Alderon Iron Ore 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. Alderon Iron Ore's annualized ROCE % for the quarter that ended in Sep. 2019 was -4.04%.

Alderon Iron Ore ROCE % Historical Data

The historical data trend for Alderon Iron Ore'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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Alderon Iron Ore ROCE % Chart

Alderon Iron Ore Annual Data

Trend

Dec09

Dec10

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

ROCE %

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-4.35

-3.29

-1.53

-74.53

-3.66

Alderon Iron Ore Quarterly Data
	Dec14	Mar15	Jun15	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19
ROCE %	Get a 7-Day Free Trial															-2.28	-7.28	-1.95	-1.25	-4.04

Alderon Iron Ore ROCE % Calculation

Alderon Iron Ore's annualized ROCE % for the fiscal year that ended in Dec. 2018 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2018 )		(A: Dec. 2017 )		(A: Dec. 2018 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2018 )		(A: Dec. 2017 )		(A: Dec. 2018 )
	=	-2.708	/	( ( (102.53 - 25.299)	+	(91.043 - 20.402) )	/ 2 )
	=	-2.708	/	( (77.231	+	70.641)	/ 2 )
	=	-2.708	/	73.936
	=	-3.66 %

Alderon Iron Ore's ROCE % of for the quarter that ended in Sep. 2019 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2019 )		(Q: Jun. 2019 )		(Q: Sep. 2019 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2019 )		(Q: Jun. 2019 )		(Q: Sep. 2019 )
	=	-2.796	/	( ( (90.14 - 20.347)	+	(89.654 - 20.902) )	/ 2 )
	=	-2.796	/	( ( 69.793	+	68.752 )	/ 2 )
	=	-2.796	/	69.2725
	=	-4.04 %

(1) Note: The EBIT data used here is four times the quarterly (Sep. 2019) EBIT data.

Alderon Iron Ore (OTCPK:AXXDF) 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.

Alderon Iron Ore ROCE % Related Terms

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Alderon Iron Ore (Alderon Iron Ore) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Alderon Iron Ore Corp (OTCPK:AXXDF) » Definitions » ROCE %

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Traded in Other Exchanges

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Address

1140 West Pender Street, Suite 1240, Vancouver, BC, CAN, V6E 4G1

Website

https://www.alderonironore.com

Alderon Iron Ore Corp is a Canada based development-stage company. It is conducting iron ore evaluation activities related entirely to its Canadian properties located in western Labrador in the province of Newfoundland and Labrador. The company's operating segment is the acquisition, exploration, and evaluation of mineral resources. Its flagship project is the Kami Iron Ore project located in the Labrador Trough.

Alderon Iron Ore (Alderon Iron Ore) Headlines

From GuruFocus

Alderon Signs Energy Infrastructure MOU with Envest Corp. for the Premium-Quality Kami Iron Ore Project

By GlobeNewswire GlobeNewswire • 02-27-2019

Mr. John Baker Resigns from the Board of Alderon

By GlobeNewswire GlobeNewswire • 12-16-2019

Altius to Increase Shareholdings in Alderon

By GlobeNewswire GlobeNewswire • 03-22-2018

Alderon Announces Results of its Updated Feasibility Study Demonstrating US$1.7 Billion NPV at 8% discount rate and 24.6% IRR (Pre-Tax) for the Premium-Quality Kami Iron Ore Project

By GlobeNewswire GlobeNewswire • 09-26-2018