Alt (TSE:260A) ROCE % : 0.00% (As of Jun. 2024)

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What is Alt 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. Alt's annualized ROCE % for the quarter that ended in Jun. 2024 was 0.00%.

Alt ROCE % Historical Data

The historical data trend for Alt'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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Alt ROCE % Chart

Alt Annual Data

Trend

Dec22

Dec23

ROCE %

-21.12

-53.83

Alt Semi-Annual Data
	Dec22	Dec23	Jun24
ROCE %	-	-	-

Alt ROCE % Calculation

Alt'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 )
	=	-1485.838	/	( ( (3522.076 - 349.018)	+	(3397.485 - 1049.651) )	/ 2 )
	=	-1485.838	/	( (3173.058	+	2347.834)	/ 2 )
	=	-1485.838	/	2760.446
	=	-53.83 %

Alt's ROCE % of for the quarter that ended in Jun. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jun. 2024 )		(Q: Dec. 2023 )		(Q: Jun. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jun. 2024 )		(Q: Dec. 2023 )		(Q: Jun. 2024 )
	=	0	/	( ( (3397.485 - 1049.651)	+	(3721.124 - 1206.004) )	/ 2 )
	=	0	/	( ( 2347.834	+	2515.12 )	/ 2 )
	=	0	/	2431.477
	=	0.00 %

(1) Note: The EBIT data used here is two times the semi-annual (Jun. 2024) EBIT data.

Alt (TSE:260A) 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.

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Alt Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Alt Inc (TSE:260A) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

7-15-7 Roppongi, Shin Roppongi Building, Minato-ku, Tokyo, JPN, 106-0032

Website

https://alt.ai

Alt Inc is engaged in the Research and development of elemental technologies aimed at the ultimate goal of developing personalized digital clones, deployment of product groups that apply these technologies (such as Communication Intelligence AI GIJIROKU), and provision of AI solutions.

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