Alta Copper (LIM:ATCU) ROCE % : -1.68% (As of Mar. 2024)

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What is Alta Copper 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. Alta Copper's annualized ROCE % for the quarter that ended in Mar. 2024 was -1.68%.

Alta Copper ROCE % Historical Data

The historical data trend for Alta Copper'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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Alta Copper ROCE % Chart

Alta Copper Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-1.26

-1.46

-1.80

-4.08

-2.26

Alta Copper 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															-2.62	-2.12	-3.69	-0.66	-1.68

Alta Copper ROCE % Calculation

Alta Copper'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 )
	=	-1.523	/	( ( (66.92 - 2.232)	+	(70.503 - 0.274) )	/ 2 )
	=	-1.523	/	( (64.688	+	70.229)	/ 2 )
	=	-1.523	/	67.4585
	=	-2.26 %

Alta Copper'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 )
	=	-1.176	/	( ( (70.503 - 0.274)	+	(70.026 - 0.424) )	/ 2 )
	=	-1.176	/	( ( 70.229	+	69.602 )	/ 2 )
	=	-1.176	/	69.9155
	=	-1.68 %

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

Alta Copper (LIM:ATCU) 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.

Alta Copper ROCE % Related Terms

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Alta Copper (LIM:ATCU) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Alta Copper Corp (LIM:ATCU) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

8BF:Germany ATCU:Canada

Address

1112 West Pender Street, Suite 801, Vancouver, BC, CAN, V6E 2S1

Website

https://www.altacopper.com

Alta Copper Corp is a Canada-based company, engaged in the acquisition, exploration, and development of mineral properties in Peru. The business operations of the company function in Peru and Canada. Its principal property is the Canariaco Copper Project in the District of Lambayeque. The Company is currently focused on the copper sector in Peru and it considers its Canariaco Copper Property in Peru to be its material mineral property at this time.

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