Alpha HPA (ASX:A4N) ROCE %: -18.25% (As of Dec. 2025)


ASX:A4N Alpha HPA Ltd ASX:A4N
32 GF Score
Price A$0.67
! 3 Warning Signs
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What is Alpha HPA ROCE %?

Alpha HPA ASX:A4N -3.62% 32 ROCE % is -18.25% as of Dec. 2025. GuruFocus rates ASX:A4N with a GF Score™ of 32/100. The stock has 3 warning signs investors should review.

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. Alpha HPA's annualized ROCE % for the quarter that ended in Dec. 2025 was -18.25%.

Alpha HPA  (ASX:A4N) 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.

Alpha HPA ROCE % Related Terms

Alpha HPA ROCE % Historical Data

* Premium members only.

The historical data trend for Alpha HPA'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.

Alpha HPA ROCE % Chart

Alpha HPA Annual Data
Trend Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23 Jun24 Jun25
ROCE %
Get a 7-Day Free Trial Premium Member Only Premium Member Only -56.53 -27.97 -32.56 -15.91 -13.22

Alpha HPA Semi-Annual Data
Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
ROCE % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -22.97 -18.68 -12.17 -13.96 -18.25
ASX:A4N
32GF Score
Alpha HPA Ltd ASX:A4N
ROCE % is just one metric. See GF Score™, valuation, warning signs, and more.
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Alpha HPA ROCE % Calculation

Alpha HPA's annualized ROCE % for the fiscal year that ended in Jun. 2025 is calculated as:

ROCE %=EBIT/( (Capital Employed+Capital Employed)/ count )
(A: Jun. 2025 )  (A: Jun. 2024 )(A: Jun. 2025 )
=EBIT/( ( (Total Assets - Total Current Liabilities)+(Total Assets - Total Current Liabilities) )/ count )
(A: Jun. 2025 )  (A: Jun. 2024 )(A: Jun. 2025 )
=-32.241/( ( (269.537 - 14.435) + (283.371 - 50.566) )/ 2 )
=-32.241/( (255.102+232.805)/ 2 )
=-32.241/243.9535
=-13.22 %

Alpha HPA's ROCE % of for the quarter that ended in Dec. 2025 is calculated as:

ROCE %=EBIT (1)/( (Capital Employed+Capital Employed)/ count )
(Q: Dec. 2025 )  (Q: Jun. 2025 )(Q: Dec. 2025 )
=EBIT/( ( (Total Assets - Total Current Liabilities)+(Total Assets - Total Current Liabilities) )/ count )
(Q: Dec. 2025 )  (Q: Jun. 2025 )(Q: Dec. 2025 )
=-44.674/( ( (283.371 - 50.566) + (305.35 - 48.675) )/ 2 )
=-44.674/( ( 232.805 + 256.675 )/ 2 )
=-44.674/244.74
=-18.25 %

(1) Note: The EBIT data used here is two times the semi-annual (Dec. 2025) 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 -18.25% mean?
Alpha HPA (ASX:A4N) has a ROCE % of -18.25% as of Dec. 2025.
Is Alpha HPA's ROCE % too high?
Alpha HPA's current ROCE % is -18.25%. Overall, Alpha HPA has a GF Score™ of 32/100, reflecting its overall financial health beyond just this single metric.
How does Alpha HPA's ROCE % compare to AA and CENX?
Alpha HPA's ROCE % of -18.25% can be compared against companies in the Metals & Mining industry. 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 Metals & Mining company?
A good ROCE % depends on the Metals & Mining industry context. 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. Alpha HPA's current ROCE % is -18.25%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Alpha HPA stock overvalued right now?
Alpha HPA (ASX:A4N) has a current ROCE % of -18.25%. The current ROCE % is -18.25%. Alpha HPA's overall GF Score™ is 32/100 with 3 warning signs to review. 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 Alpha HPA (ASX:A4N), the current ROCE % is -18.25% as of Dec. 2025. 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.

Alpha HPA Business Description

Other Exchanges 3AU:Germany
Address 66 Hunter Street, Level 2, Sydney, NSW, AUS, 2000
Alpha HPA Ltd is an Australian metals and technology company. It is engaged in producing ultra-high purity alumina (HPA) and related aluminium materials through its proprietary solvent extraction (SX) and refining technology. The group's product offerings include a range of ultra-high purity aluminium oxides, hydroxides, and nitrates suitable for various high technology industries, including technical ceramics, LED lighting, synthetic sapphire, semiconductors, specialty catalysts, Direct Lithium Extraction (DLE) technology, and lithium-ion battery markets, among others. It has two reportable segments being the development of the HPA First Project, which generates maximum revenue, and the Alpha Sapphire Project.
32GF Score

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ROCE % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

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