Alpha Copper (FRA:PP0) ROCE % : -3.10% (As of Mar. 2024)

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What is Alpha Copper 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. Alpha Copper's annualized ROCE % for the quarter that ended in Mar. 2024 was -3.10%.

Alpha Copper ROCE % Historical Data

The historical data trend for Alpha Copper'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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Alpha Copper ROCE % Chart

Alpha Copper Annual Data

Trend

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

ROCE %

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-36.45

-21.56

-43.70

-247.13

-34.29

Alpha Copper 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															-24.97	-11.99	-22.43	-6.06	-3.10

Alpha Copper ROCE % Calculation

Alpha Copper's annualized ROCE % for the fiscal year that ended in Sep. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Sep. 2023 )		(A: Sep. 2022 )		(A: Sep. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Sep. 2023 )		(A: Sep. 2022 )		(A: Sep. 2023 )
	=	-1.894	/	( ( (4.192 - 0.271)	+	(7.649 - 0.524) )	/ 2 )
	=	-1.894	/	( (3.921	+	7.125)	/ 2 )
	=	-1.894	/	5.523
	=	-34.29 %

Alpha Copper'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 )
	=	-0.224	/	( ( (7.882 - 0.616)	+	(7.716 - 0.533) )	/ 2 )
	=	-0.224	/	( ( 7.266	+	7.183 )	/ 2 )
	=	-0.224	/	7.2245
	=	-3.10 %

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

Alpha Copper (FRA:PP0) 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 Copper ROCE % Related Terms

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Alpha Copper (FRA:PP0) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Alpha Copper Corp (FRA:PP0) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

ALCUF:USA PP0:Germany ALCU:Canada

Address

595 Burrard Street, Vancouver, BC, CAN, V7X 1L4

Website

https://www.alphacopper.com

Alpha Copper Corp is a Canada based company engaged in the exploration and development of mineral properties. It holds interests in the Indata project situated in north-central British Columbia on the east side of Albert Lake and the Okeover project located on the south coast of British Columbia.

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