Alvopetro Energy (TSXV:ALV) ROCE % : 3.35% (As of Dec. 2023)

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What is Alvopetro Energy 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. Alvopetro Energy's annualized ROCE % for the quarter that ended in Dec. 2023 was 3.35%.

Alvopetro Energy ROCE % Historical Data

The historical data trend for Alvopetro Energy'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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Alvopetro Energy ROCE % Chart

Alvopetro Energy Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-7.74

5.04

20.21

53.35

37.37

Alvopetro Energy 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															31.13	65.76	49.13	27.57	3.35

Alvopetro Energy ROCE % Calculation

Alvopetro Energy'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 )
	=	46.009	/	( ( (133.713 - 17.564)	+	(147.341 - 17.277) )	/ 2 )
	=	46.009	/	( (116.149	+	130.064)	/ 2 )
	=	46.009	/	123.1065
	=	37.37 %

Alvopetro Energy'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 )
	=	4.428	/	( ( (155.888 - 21.598)	+	(147.341 - 17.277) )	/ 2 )
	=	4.428	/	( ( 134.29	+	130.064 )	/ 2 )
	=	4.428	/	132.177
	=	3.35 %

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

Alvopetro Energy (TSXV:ALV) 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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Alvopetro Energy (TSXV:ALV) Business Description

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ALVOF:USA

Address

215 - 9th Avenue SW, Suite 1920, Calgary, AB, CAN, T2P 1K3

Website

https://www.alvopetro.com

Alvopetro Energy Ltd is a Canada-based resource company engaged in the exploration, acquisition, development, and production of hydrocarbons in Brazil. It generates revenue from Natural gas, oil, and condensate sales, and all of its revenue is derived from Brazil. All natural gas, oil and condensate sales revenue is derived from Brazilian operations. All exploration and evaluation assets and all material property, plant and equipment are located in Brazil.