Atlaslt (TSXV:SALT) ROCE %

: -5.11% (As of Sep. 2023)

View and export this data going back to 2012. Start your Free Trial

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. Atlaslt's annualized ROCE % for the quarter that ended in Sep. 2023 was -5.11%.

Atlaslt ROCE % Historical Data

The historical data trend for Atlaslt'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.

* Premium members only.

Atlaslt Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

ROCE %

-10.57

-11.32

-9.55

-34.79

-31.01

Atlaslt Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
ROCE %																-19.06	-55.76	-23.95	-42.44	-5.11

Atlaslt ROCE % Calculation

Atlaslt's annualized ROCE % for the fiscal year that ended in Dec. 2022 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2022 )		(A: Dec. 2021 )		(A: Dec. 2022 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2022 )		(A: Dec. 2021 )		(A: Dec. 2022 )
	=	-4.02	/	( ( (11.253 - 0.283)	+	(16.047 - 1.09) )	/ 2 )
	=	-4.02	/	( (10.97	+	14.957)	/ 2 )
	=	-4.02	/	12.9635
	=	-31.01 %

Atlaslt'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: Jun. 2023 )		(Q: Sep. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2023 )		(Q: Jun. 2023 )		(Q: Sep. 2023 )
	=	-1.136	/	( ( (23.683 - 1.278)	+	(22.444 - 0.41) )	/ 2 )
	=	-1.136	/	( ( 22.405	+	22.034 )	/ 2 )
	=	-1.136	/	22.2195
	=	-5.11 %

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

Atlaslt (TSXV:SALT) 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.

Atlaslt ROCE % Related Terms

Thank you for viewing the detailed overview of Atlaslt's ROCE % provided by GuruFocus.com. Please click on the following links to see related term pages.

Atlaslt (TSXV:SALT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Atlas Salt Inc (TSXV:SALT) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

REMRF:USA 9D00:Germany

Address

333 Duckworth Street, St. John's, NL, CAN, A1C 1G9

Website

https://www.atlassalt.ca

Atlas Salt Inc is engaged in advancing Great Atlantic Salt Project through feasibility and into potential production as an environmentally friendly state-of-the-art Salt Factory in resource-friendly western Newfoundland. It is also producing gypsum mines, nepheline discovery, and renewable energy storage.

Atlaslt (TSXV:SALT) Headlines

No Headlines