Altima Energy (TSXV:ARH) ROCE % : 0.00% (As of Nov. 2024)

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What is Altima Energy 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. Altima Energy's annualized ROCE % for the quarter that ended in Nov. 2024 was 0.00%.

Altima Energy ROCE % Historical Data

The historical data trend for Altima Energy'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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Altima Energy ROCE % Chart

Altima Energy Annual Data

Trend

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Feb24

ROCE %

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Altima Energy Quarterly Data
	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24	May24	Aug24	Nov24
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Altima Energy ROCE % Calculation

Altima Energy's annualized ROCE % for the fiscal year that ended in Feb. 2024 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Feb. 2024 )		(A: Feb. 2023 )		(A: Feb. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Feb. 2024 )		(A: Feb. 2023 )		(A: Feb. 2024 )
	=	-1.97	/	( ( (5.538 - 10.212)	+	(6.449 - 12.02) )	/ 2 )
	=	-1.97	/	( (-4.674	+	-5.571)	/ 2 )
	=	-1.97	/	-5.1225
	=	38.46 %

Altima Energy's ROCE % of for the quarter that ended in Nov. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Nov. 2024 )		(Q: Aug. 2024 )		(Q: Nov. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Nov. 2024 )		(Q: Aug. 2024 )		(Q: Nov. 2024 )
	=	-3.56	/	( ( (8.419 - 13.781)	+	(9.384 - 13.328) )	/ 2 )
	=	-3.56	/	( ( -5.362	+	-3.944 )	/ 2 )
	=	-3.56	/	-4.653
	=	0 %

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

Altima Energy (TSXV:ARH) 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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Altima Energy Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Altima Energy Inc (TSXV:ARH) » Definitions » ROCE %

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ARSLF:USA AKC:Germany

Address

595 Howe Street, Suite 303, Vancouver, BC, CAN, V6C 2T5

Website

https://www.altimaenergy.com

Altima Energy Inc is a junior energy company engaged in the exploring and developing oil and natural gas assets in Western Canada. It is exploration in regions such as the Deep Basin of West Central Alberta and Rainbow Lake in Northwestern Alberta.

Executives

G & O Energy Investments Ltd.	Director
Simco Services Inc.	Director
Joe Devries	Director

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