Alvo Minerals (ASX:ALV) ROCE % : -146.86% (As of Jun. 2024)

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What is Alvo Minerals 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. Alvo Minerals's annualized ROCE % for the quarter that ended in Jun. 2024 was -146.86%.

Alvo Minerals ROCE % Historical Data

The historical data trend for Alvo Minerals'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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Alvo Minerals ROCE % Chart

Alvo Minerals Annual Data

Trend

Dec21

Dec22

Dec23

ROCE %

-23.58

-96.33

-215.39

Alvo Minerals Semi-Annual Data
	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
ROCE %	Get a 7-Day Free Trial			-65.11	-143.97	-187.57	-227.63	-146.86

Alvo Minerals ROCE % Calculation

Alvo Minerals'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 )
	=	-5.639	/	( ( (3.258 - 0.211)	+	(2.644 - 0.455) )	/ 2 )
	=	-5.639	/	( (3.047	+	2.189)	/ 2 )
	=	-5.639	/	2.618
	=	-215.39 %

Alvo Minerals's ROCE % of for the quarter that ended in Jun. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jun. 2024 )		(Q: Dec. 2023 )		(Q: Jun. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jun. 2024 )		(Q: Dec. 2023 )		(Q: Jun. 2024 )
	=	-4.358	/	( ( (2.644 - 0.455)	+	(4.122 - 0.376) )	/ 2 )
	=	-4.358	/	( ( 2.189	+	3.746 )	/ 2 )
	=	-4.358	/	2.9675
	=	-146.86 %

(1) Note: The EBIT data used here is two times the semi-annual (Jun. 2024) EBIT data.

Alvo Minerals (ASX: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.

Alvo Minerals ROCE % Related Terms

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Alvo Minerals Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Alvo Minerals Ltd (ASX:ALV) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

96-100 Albert Road, Level 4, South Melbourne, VIC, AUS, 3205

Website

https://www.alvo.com.au

Alvo Minerals Ltd is an active critical minerals exploration company operating in the under-explored Palmeiropolis region of central Brazil. Alvo holds the Bluebush HREE Project and the Palma Cu-Zn VMS Project.