Alta Global Group (Alta Global Group) ROCE % : 0.00% (As of Jun. 2023)

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What is Alta Global Group 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. Alta Global Group's annualized ROCE % for the quarter that ended in Jun. 2023 was 0.00%.

Alta Global Group ROCE % Historical Data

The historical data trend for Alta Global Group'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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Alta Global Group ROCE % Chart

Alta Global Group Annual Data

Trend

Jun22

Jun23

ROCE %

Alta Global Group Semi-Annual Data
	Jun22	Jun23
ROCE %	-	-

Alta Global Group ROCE % Calculation

Alta Global Group's annualized ROCE % for the fiscal year that ended in Jun. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Jun. 2023 )		(A: Jun. 2022 )		(A: Jun. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Jun. 2023 )		(A: Jun. 2022 )		(A: Jun. 2023 )
	=	-10.831	/	( ( (2.195 - 7.47)	+	(4.853 - 18.805) )	/ 2 )
	=	-10.831	/	( (-5.275	+	-13.952)	/ 2 )
	=	-10.831	/	-9.6135
	=	112.66 %

Alta Global Group's ROCE % of for the quarter that ended in Jun. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jun. 2023 )		(Q: Jun. 2022 )		(Q: Jun. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jun. 2023 )		(Q: Jun. 2022 )		(Q: Jun. 2023 )
	=	-10.831	/	( ( (2.195 - 7.47)	+	(4.853 - 18.805) )	/ 2 )
	=	-10.831	/	( ( -5.275	+	-13.952 )	/ 2 )
	=	-10.831	/	-9.6135
	=	0 %

(1) Note: The EBIT data used here is one times the annual (Jun. 2023) EBIT data.

Alta Global Group (AMEX:MMA) 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.

Alta Global Group ROCE % Related Terms

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Alta Global Group (Alta Global Group) Business Description

Industry

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Comparable Companies

Traded in Other Exchanges

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Address

Level 1, 29-33, Suite 1, The Corso, Manly, Sydney, NSW, AUS, 2095

Website

https://www.trainalta.com

Alta Global Group Ltd is a technology company that is enabling the global martial arts and combat sports industry to maximize the monetization opportunities available to the sector by increasing consumer participation in the sport and building upon existing community offerings within the sector. The Alta Platform serves as a comprehensive solution for martial arts and combat sports, offering a blend of four core products: the Warrior Training Program, UFC Fight Fit Program, Alta Academy, and the Alta Community.

Alta Global Group (Alta Global Group) Headlines

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