Altiplano Metals (STU:9AJ1) ROCE % : 0.35% (As of Sep. 2023)

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What is Altiplano Metals 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. Altiplano Metals's annualized ROCE % for the quarter that ended in Sep. 2023 was 0.35%.

Altiplano Metals ROCE % Historical Data

The historical data trend for Altiplano Metals'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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Altiplano Metals ROCE % Chart

Altiplano Metals Annual Data

Trend

Sep13

Sep14

Sep15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

ROCE %

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-31.67

-10.24

-10.11

-23.00

-15.41

Altiplano Metals Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
ROCE %	Get a 7-Day Free Trial															-9.10	-37.22	-11.27	-7.89	0.35

Altiplano Metals ROCE % Calculation

Altiplano Metals's annualized ROCE % for the fiscal year that ended in Dec. 2022 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2022 )		(A: Dec. 2021 )		(A: Dec. 2022 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2022 )		(A: Dec. 2021 )		(A: Dec. 2022 )
	=	-1.171	/	( ( (8.331 - 0.601)	+	(9.119 - 1.649) )	/ 2 )
	=	-1.171	/	( (7.73	+	7.47)	/ 2 )
	=	-1.171	/	7.6
	=	-15.41 %

Altiplano Metals's ROCE % of for the quarter that ended in Sep. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2023 )		(Q: Jun. 2023 )		(Q: Sep. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2023 )		(Q: Jun. 2023 )		(Q: Sep. 2023 )
	=	0.028	/	( ( (9.593 - 1.426)	+	(9.276 - 1.568) )	/ 2 )
	=	0.028	/	( ( 8.167	+	7.708 )	/ 2 )
	=	0.028	/	7.9375
	=	0.35 %

(1) Note: The EBIT data used here is four times the quarterly (Sep. 2023) EBIT data.

Altiplano Metals (STU:9AJ1) 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.

Altiplano Metals ROCE % Related Terms

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Altiplano Metals Business Description

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GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Altiplano Metals Inc (STU:9AJ1) » Definitions » ROCE %

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ALTPF:USA APN:Canada

Address

10545 - 45 Avenue NW, 250 Southridge NW, Suite 300, Edmonton, AB, CAN, T6H 4M9

Website

https://www.apnmetals.com

Altiplano Metals Inc is a Canadian mineral development company focused on acquiring projects with the potential for advancement from discovery through to production. Altiplano Metals is a growing gold, silver, and copper company focused on the Americas. The Company has a diversified portfolio of assets that include an operating copper/gold/iron mine, development of near-term producing gold/copper projects, and exploration land packages with district-scale potential. Some of the projects include Farallon and Maria Luisa Properties followed by Pastillas Gold Project.

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