Alpha Exploration (STU:J0C) ROCE % : -30.63% (As of Mar. 2024)

View and export this data going back to 2023. Start your Free Trial

What is Alpha Exploration 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 Exploration's annualized ROCE % for the quarter that ended in Mar. 2024 was -30.63%.

Alpha Exploration ROCE % Historical Data

The historical data trend for Alpha Exploration'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.

* Premium members only.

Alpha Exploration ROCE % Chart

Alpha Exploration Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

ROCE %

-34.41

-11.87

-4.57

-5.97

Alpha Exploration Quarterly Data
	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial										-11.00	-59.63	17.40	18.23	-30.63

Alpha Exploration ROCE % Calculation

Alpha Exploration'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 )
	=	-0.689	/	( ( (9.432 - 0.391)	+	(14.594 - 0.555) )	/ 2 )
	=	-0.689	/	( (9.041	+	14.039)	/ 2 )
	=	-0.689	/	11.54
	=	-5.97 %

Alpha Exploration'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 )
	=	-4.252	/	( ( (14.594 - 0.555)	+	(14.583 - 0.861) )	/ 2 )
	=	-4.252	/	( ( 14.039	+	13.722 )	/ 2 )
	=	-4.252	/	13.8805
	=	-30.63 %

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

Alpha Exploration (STU:J0C) 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 Exploration ROCE % Related Terms

Thank you for viewing the detailed overview of Alpha Exploration's ROCE % provided by GuruFocus.com. Please click on the following links to see related term pages.

Alpha Exploration (STU:J0C) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Alpha Exploration Ltd (STU:J0C) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

J0C:Germany ALEX:Canada

Address

Wickams Cay 1, Tortola, 3rd Floor, Omar Hodge Building, P.O. Box 362, Tortola, Road Town, VGB

Website

https://alpha-exploration.com

Alpha Exploration Ltd is an exploration company focused on the discovery of gold and base metals deposits. It operates in a single project Kerkasha, which is located in Eritrea.

Alpha Exploration (STU:J0C) Headlines

No Headlines