ALTD (Altitude International Holdings) ROCE %: -25.69% (As of Dec. 2022)


What is Altitude International Holdings ROCE %?

Altitude International Holdings ALTD ROCE % is -25.69% as of Dec. 2022.

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. Altitude International Holdings's annualized ROCE % for the quarter that ended in Dec. 2022 was -25.69%.

Altitude International Holdings  (OTCPK:ALTD) 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.

Altitude International Holdings ROCE % Related Terms

Altitude International Holdings ROCE % Historical Data

* Premium members only.

The historical data trend for Altitude International Holdings'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.

Altitude International Holdings ROCE % Chart

Altitude International Holdings Annual Data
Trend Dec20 Dec21 Dec22
ROCE %
0.00 -13.65 -12.72

Altitude International Holdings Quarterly Data
Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22
ROCE % Get a 7-Day Free Trial Premium Member Only Premium Member Only 69.68 -3.96 -10.17 -3.70 -25.69

Altitude International Holdings ROCE % Calculation

Altitude International Holdings'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 )
=-7.299/( ( (30.616 - 1.882) + (101.018 - 15.026) )/ 2 )
=-7.299/( (28.734+85.992)/ 2 )
=-7.299/57.363
=-12.72 %

Altitude International Holdings's ROCE % of for the quarter that ended in Dec. 2022 is calculated as:

ROCE %=EBIT (1)/( (Capital Employed+Capital Employed)/ count )
(Q: Dec. 2022 )  (Q: Sep. 2022 )(Q: Dec. 2022 )
=EBIT/( ( (Total Assets - Total Current Liabilities)+(Total Assets - Total Current Liabilities) )/ count )
(Q: Dec. 2022 )  (Q: Sep. 2022 )(Q: Dec. 2022 )
=-22.872/( ( (104.225 - 12.184) + (101.018 - 15.026) )/ 2 )
=-22.872/( ( 92.041 + 85.992 )/ 2 )
=-22.872/89.0165
=-25.69 %

(1) Note: The EBIT data used here is four times the quarterly (Dec. 2022) EBIT data.

* 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.

Frequently Asked Questions Learn more about ROCE % →
What does a ROCE % of -25.69% mean?
Altitude International Holdings (ALTD) has a ROCE % of -25.69% as of Dec. 2022.
Is Altitude International Holdings' ROCE % too high?
Altitude International Holdings' current ROCE % is -25.69%.
How does Altitude International Holdings' ROCE % compare to CNXA and BTDG?
Altitude International Holdings' ROCE % of -25.69% can be compared against companies in the Travel & Leisure industry. The industry median ROCE % is 6.15. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good ROCE % for a Travel & Leisure company?
The median ROCE % among Travel & Leisure companies is 6.15, based on 838 companies in the industry. Companies in the top quartile (top 25%) have a ROCE % significantly above this median, while those in the bottom quartile fall well below. However, ROCE % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high ROCE % mean?
A high ROCE % can signal that a stock is expensive relative to its fundamentals. For the Travel & Leisure industry, the median ROCE % is 6.15 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Altitude International Holdings's current ROCE % is -25.69%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Altitude International Holdings stock overvalued right now?
Altitude International Holdings (ALTD) has a current ROCE % of -25.69%. The current ROCE % is -25.69%. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is ROCE % calculated?
ROCE % is calculated from a company's financial statements. For Altitude International Holdings (ALTD), the current ROCE % is -25.69% as of Dec. 2022. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Altitude International Holdings Business Description

Address 4500 SE Pine Valley Street, Port Saint Lucie, FL, USA, 34952
Altitude International Holdings Inc is a vertically integrated high-performance sports, education, and technology company. It owns and operates sports training and educational institutions, manufacture oxygen training chambers and manufacture atmospheric water generators.