Alta (WAR:AAT) ROCE % : 20.49% (As of Dec. 2023)

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What is Alta 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. Alta's annualized ROCE % for the quarter that ended in Dec. 2023 was 20.49%.

Alta ROCE % Historical Data

The historical data trend for Alta'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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Alta ROCE % Chart

Alta Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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0.18

9.27

4.22

2.21

3.78

Alta 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															10.50	-0.97	-3.33	-1.08	20.49

Alta ROCE % Calculation

Alta's annualized ROCE % for the fiscal year that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2023 )		(A: Dec. 2022 )		(A: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2023 )		(A: Dec. 2022 )		(A: Dec. 2023 )
	=	7.589	/	( ( (197.675 - 0.616)	+	(205.356 - 0.661) )	/ 2 )
	=	7.589	/	( (197.059	+	204.695)	/ 2 )
	=	7.589	/	200.877
	=	3.78 %

Alta'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 )
	=	40.884	/	( ( (195.455 - 1.03)	+	(205.356 - 0.661) )	/ 2 )
	=	40.884	/	( ( 194.425	+	204.695 )	/ 2 )
	=	40.884	/	199.56
	=	20.49 %

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

Alta (WAR:AAT) 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.

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Alta (WAR:AAT) Business Description

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GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Alta SA (WAR:AAT) » Definitions » ROCE %

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Address

ul. Zielna 37, Warsawa, POL, 00108

Website

http://www.altasa.pl

Alta SA is an investment company. The company, through its subsidiaries, is involved in the real estate, logistics, construction, marina, and clothing businesses in Poland. The company possesses a portfolio of properties: logistics and retail properties, as well as office buildings, all situated in various locations of the country. The investment Popularna 38, is a homely residential building situated in Wlochy, a district of Warsaw.