Alterra (ASX:1AG) ROCE % : -7.00% (As of Sep. 2023)

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What is Alterra 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. Alterra's annualized ROCE % for the quarter that ended in Sep. 2023 was -7.00%.

Alterra ROCE % Historical Data

The historical data trend for Alterra'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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Alterra ROCE % Chart

Alterra Annual Data

Trend

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

ROCE %

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-14.41

-13.92

-12.75

-5.98

-7.24

Alterra Semi-Annual Data
	Mar14	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
ROCE %	Get a 7-Day Free Trial															-1.87	-12.91	-0.58	-6.97	-7.00

Alterra ROCE % Calculation

Alterra'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 )
	=	-2.01	/	( ( (27.924 - 0.932)	+	(29.809 - 1.284) )	/ 2 )
	=	-2.01	/	( (26.992	+	28.525)	/ 2 )
	=	-2.01	/	27.7585
	=	-7.24 %

Alterra's ROCE % of for the quarter that ended in Sep. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2023 )		(Q: Mar. 2023 )		(Q: Sep. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2023 )		(Q: Mar. 2023 )		(Q: Sep. 2023 )
	=	-2.042	/	( ( (30.73 - 0.943)	+	(29.809 - 1.284) )	/ 2 )
	=	-2.042	/	( ( 29.787	+	28.525 )	/ 2 )
	=	-2.042	/	29.156
	=	-7.00 %

(1) Note: The EBIT data used here is two times the semi-annual (Sep. 2023) EBIT data.

Alterra (ASX:1AG) 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.

Alterra ROCE % Related Terms

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Alterra (ASX:1AG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Alterra Ltd (ASX:1AG) » Definitions » ROCE %

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Address

150 Saint Georges Terrace, Level 3, Perth, WA, AUS, 6000

Website

http://www.alterra.com.au

Alterra Ltd is an asset manager that provides origination, development and management services for land and water assets in Australia. It works directly with landowners and agricultural producers to unlock and reposition water assets through a change in land use, ownership structure, regulatory management and application of technical know-how to create large-scale horticultural assets. Its projects include The Carpenters Project which is involved in Avocado development and Carbon Conscious under which it is involved in the development of land use change opportunities for carbon sequestration in Australia and New Zealand. The company's operating segments include Asset management; Asset development; Business development and Corporate. It generates maximum revenue from the Corporate segment.

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