Alamos Gold (LTS:0UGS) ROCE % : 5.46% (As of Dec. 2023)

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What is Alamos Gold 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. Alamos Gold's annualized ROCE % for the quarter that ended in Dec. 2023 was 5.46%.

Alamos Gold ROCE % Historical Data

The historical data trend for Alamos Gold'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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Alamos Gold ROCE % Chart

Alamos Gold Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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4.06

6.50

0.20

3.20

8.13

Alamos Gold 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															6.39	8.40	10.19	8.69	5.46

Alamos Gold ROCE % Calculation

Alamos Gold'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 )
	=	397.382	/	( ( (4991.401 - 247.111)	+	(5368.01 - 332.583) )	/ 2 )
	=	397.382	/	( (4744.29	+	5035.427)	/ 2 )
	=	397.382	/	4889.8585
	=	8.13 %

Alamos Gold'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 )
	=	273.688	/	( ( (5290.892 - 308.236)	+	(5368.01 - 332.583) )	/ 2 )
	=	273.688	/	( ( 4982.656	+	5035.427 )	/ 2 )
	=	273.688	/	5009.0415
	=	5.46 %

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

Alamos Gold (LTS:0UGS) 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.

Alamos Gold ROCE % Related Terms

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Alamos Gold (LTS:0UGS) Business Description

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GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Alamos Gold Inc (LTS:0UGS) » Definitions » ROCE %

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AGI:USA 1AL:Germany AGI:Canada

Address

181 Bay Street, Brookfield Place, Suite 3910, Toronto, ON, CAN, M5J 2T3

Website

https://www.alamosgold.com

Alamos Gold Inc acquires, explores, and produces gold and other precious metals, and operates in two principal geographic areas: Canada and Mexico. The company has three operating mines in North America: Young-Davidson and Island Gold mines operate in Canada and the Mulatos and in Sonora, Mexico. The company generates maximum revenue from Young Davidson mines.

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