Altan Rio Minerals (FRA:1AN) ROCE % : -84.47% (As of Mar. 2024)

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What is Altan Rio 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. Altan Rio Minerals's annualized ROCE % for the quarter that ended in Mar. 2024 was -84.47%.

Altan Rio Minerals ROCE % Historical Data

The historical data trend for Altan Rio 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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Altan Rio Minerals ROCE % Chart

Altan Rio Minerals Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-214.04

-41.01

-33.48

-16.33

Altan Rio Minerals Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial															-14.25	121.36	-27.10	-111.60	-84.47

Altan Rio Minerals ROCE % Calculation

Altan Rio 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 )
	=	-0.643	/	( ( (3.351 - 1.247)	+	(6.578 - 0.809) )	/ 2 )
	=	-0.643	/	( (2.104	+	5.769)	/ 2 )
	=	-0.643	/	3.9365
	=	-16.33 %

Altan Rio Minerals's ROCE % of for the quarter that ended in Mar. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	-4.788	/	( ( (6.578 - 0.809)	+	(6.643 - 1.075) )	/ 2 )
	=	-4.788	/	( ( 5.769	+	5.568 )	/ 2 )
	=	-4.788	/	5.6685
	=	-84.47 %

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

Altan Rio Minerals (FRA:1AN) 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.

Altan Rio Minerals ROCE % Related Terms

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Altan Rio Minerals (FRA:1AN) Business Description

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GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Altan Rio Minerals Ltd (FRA:1AN) » Definitions » ROCE %

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GHML:Canada

Address

Ground Floor, 20 Kings Park Road, West Perth, Perth, WA, AUS, 6005

Website

https://www.altanrio.com

Golden Horse Minerals Ltd Formerly Altan Rio Minerals Ltd is a junior mineral exploration company. Principally, it is engaged in the acquisition, exploration, and development of mineral resources properties. The company is focused on the development of the Goatfell Property. The property is located near Creston, British Columbia. It has one business segment, the exploration of exploration and evaluation assets.

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