Alteo (XMAU:ALTG_N0000) ROCE % : 2.16% (As of Mar. 2024)

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What is Alteo 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. Alteo's annualized ROCE % for the quarter that ended in Mar. 2024 was 2.16%.

Alteo ROCE % Historical Data

The historical data trend for Alteo'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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Alteo ROCE % Chart

Alteo Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

ROCE %

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-0.73

5.34

3.80

3.23

4.21

Alteo Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial															-1.22	7.98	12.93	6.94	2.16

Alteo ROCE % Calculation

Alteo's annualized ROCE % for the fiscal year that ended in Jun. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Jun. 2023 )		(A: Jun. 2022 )		(A: Jun. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Jun. 2023 )		(A: Jun. 2022 )		(A: Jun. 2023 )
	=	906.203	/	( ( (32026.668 - 9335.611)	+	(22236.638 - 1875.469) )	/ 2 )
	=	906.203	/	( (22691.057	+	20361.169)	/ 2 )
	=	906.203	/	21526.113
	=	4.21 %

Alteo'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 )
	=	461.084	/	( ( (23383.976 - 2040.745)	+	(23275.047 - 1916.193) )	/ 2 )
	=	461.084	/	( ( 21343.231	+	21358.854 )	/ 2 )
	=	461.084	/	21351.0425
	=	2.16 %

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

Alteo (XMAU:ALTG_N0000) 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.

Alteo ROCE % Related Terms

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Alteo (XMAU:ALTG_N0000) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Alteo Ltd (XMAU:ALTG_N0000) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Vivea Business Park, Saint Pierre, MUS, 81430

Website

http://www.alteogroup.com

Alteo Ltd is engaged in the growing and milling of sugar cane, the production of electricity and the construction of villas. The company has three reportable segments sugar segment, which generates maximum revenue and includes planting and harvesting of sugar cane and other food crops, sugar cane milling and sugar refining; Energy segment, which operates bagasse/coal power plants to supply steam and electricity and Property segment, which promotes, markets and sells villas, apartments and serviced land. The company geographically operates in Mauritius.

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