ATAO (Altair International) ROCE % : 0.00% (As of Dec. 2024)

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What is Altair International 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. Altair International's annualized ROCE % for the quarter that ended in Dec. 2024 was 0.00%.

Altair International ROCE % Historical Data

The historical data trend for Altair International'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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Altair International ROCE % Chart

Altair International Annual Data

Trend

Mar15

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Mar24

ROCE %

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Altair International Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
ROCE %	Get a 7-Day Free Trial															-	-	-	-	-

Altair International ROCE % Calculation

Altair International's annualized ROCE % for the fiscal year that ended in Mar. 2024 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Mar. 2024 )		(A: Mar. 2023 )		(A: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Mar. 2024 )		(A: Mar. 2023 )		(A: Mar. 2024 )
	=	-0.274	/	( ( (0.037 - 0.183)	+	(0.011 - 0.193) )	/ 2 )
	=	-0.274	/	( (-0.146	+	-0.182)	/ 2 )
	=	-0.274	/	-0.164
	=	167.07 %

Altair International's ROCE % of for the quarter that ended in Dec. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2024 )		(Q: Sep. 2024 )		(Q: Dec. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2024 )		(Q: Sep. 2024 )		(Q: Dec. 2024 )
	=	-0.112	/	( ( (0 - 0.23)	+	(0 - 0.261) )	/ 2 )
	=	-0.112	/	( ( -0.23	+	-0.261 )	/ 2 )
	=	-0.112	/	-0.2455
	=	0 %

(1) Note: The EBIT data used here is four times the quarterly (Dec. 2024) EBIT data.

Altair International (OTCPK:ATAO) 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.

Altair International ROCE % Related Terms

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Altair International Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Altair International Corp (OTCPK:ATAO) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

322 North Shore Drive, Building 1B, Suite 200, Pittsburgh, PA, USA, 15212

Website

https://www.altairinternationalcorp.com

Altair International Corp is currently engaged in identifying and assessing new business opportunities. The company had Interests In the Lithium And Gold Mining Sectors. Its projects include Stonewall and Walker Ridge.

Executives

Leonard Lovallo	director, 10 percent owner, officer: President and CEO	322 NORTH SHORE DRIVE, BUILDING 1B, SUITE 200, PITTSBURGH PA 15212
Fourth Street Fund, Lp	10 percent owner	4047 ST GEORGES CT, DULUTH GA 30096
Erop Capital Llc	other: Owner of 9.9% of Issuer	912 HOLCOMB BRIDGE ROAD, STE 101, ROSWELL GA 30076
Alan M Smith	director, 10 percent owner, officer: President and CEO	1624 MARKET STREET, SUITE 202, DENVER CO 80202