Alturas Minerals (TSXV:ALT) ROCE % : 0.00% (As of Sep. 2024)

View and export this data going back to 1998. Start your Free Trial

What is Alturas Minerals 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. Alturas Minerals's annualized ROCE % for the quarter that ended in Sep. 2024 was 0.00%.

Alturas Minerals ROCE % Historical Data

The historical data trend for Alturas Minerals'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.

Alturas Minerals ROCE % Chart

Alturas Minerals Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

Get a 7-Day Free Trial

Alturas Minerals Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
ROCE %	Get a 7-Day Free Trial															-	-	-	-	-

Alturas Minerals ROCE % Calculation

Alturas Minerals'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 )
	=	-0.449	/	( ( (0.831 - 2.709)	+	(0.373 - 2.88) )	/ 2 )
	=	-0.449	/	( (-1.878	+	-2.507)	/ 2 )
	=	-0.449	/	-2.1925
	=	20.48 %

Alturas Minerals's ROCE % of for the quarter that ended in Sep. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2024 )		(Q: Jun. 2024 )		(Q: Sep. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2024 )		(Q: Jun. 2024 )		(Q: Sep. 2024 )
	=	-0.26	/	( ( (0.621 - 2.988)	+	(0.551 - 3.019) )	/ 2 )
	=	-0.26	/	( ( -2.367	+	-2.468 )	/ 2 )
	=	-0.26	/	-2.4175
	=	0 %

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

Alturas Minerals (TSXV:ALT) 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.

Alturas Minerals ROCE % Related Terms

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

Alturas Minerals Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Alturas Minerals Corp (TSXV:ALT) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

ALTCF:USA

Address

372 Bay Street, Suite 301, Toronto, ON, CAN, M5H 2W9

Website

http://www.alturasminerals.com

Alturas Minerals Corp, along with its subsidiaries, is engaged in the exploration of mineral projects in Peru and Chile. Its exploration plan is focused on the discovery of copper-gold porphyry/skarn deposits and large epithermal gold mineralized deposits. Its projects include Copperlode and Resguardo.

Executives

Walter Henry

Director