Altiplano Metals (TSXV:APN) ROCE % : -15.26% (As of Sep. 2024)

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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. 2024 was -15.26%.

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

Sep12

Sep13

Sep14

Sep15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

ROCE %

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-77.67

-31.79

-10.02

-10.36

-32.99

Altiplano Metals Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Jun24	Sep24
ROCE %	Get a 7-Day Free Trial															-17.35	-0.07	4.26	-11.09	-15.26

Altiplano Metals ROCE % Calculation

Altiplano Metals's annualized ROCE % for the fiscal year that ended in Dec. 2021 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2021 )		(A: Dec. 2020 )		(A: Dec. 2021 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2021 )		(A: Dec. 2020 )		(A: Dec. 2021 )
	=	-2.32	/	( ( (10.854 - 1.165)	+	(5.243 - 0.869) )	/ 2 )
	=	-2.32	/	( (9.689	+	4.374)	/ 2 )
	=	-2.32	/	7.0315
	=	-32.99 %

Altiplano Metals'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 )
	=	-0.42	/	( ( (5.41 - 2.905)	+	(5.908 - 2.91) )	/ 2 )
	=	-0.42	/	( ( 2.505	+	2.998 )	/ 2 )
	=	-0.42	/	2.7515
	=	-15.26 %

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

Altiplano Metals (TSXV:APN) 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

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Altiplano Metals Inc (TSXV:APN) » Definitions » ROCE %

Comparable Companies

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ALTPF:USA 9AJ1:Germany

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. 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 the Santa Beatriz Project, Maria Luisa Property, Farellon Property, and Pastillas Gold Project.

Executives

John Williamson	10% Security Holder, Director
James Donald Farley	Director
William Alastair Mcintyre	Senior Officer
Jeremy Yaseniuk	Director
Justin Bourassa	Senior Officer
Comet Exploration Pty Ltd.	10% Security Holder
Sean Richard William Mager	10% Security Holder, Director

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