ALX Resources (FRA:6LLN) ROCE % : -8.46% (As of Jun. 2024)

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What is ALX Resources 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. ALX Resources's annualized ROCE % for the quarter that ended in Jun. 2024 was -8.46%.

ALX Resources ROCE % Historical Data

The historical data trend for ALX Resources'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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ALX Resources ROCE % Chart

ALX Resources Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

ROCE %

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-7.76

-11.50

-9.12

-10.78

ALX Resources Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Mar24	Jun24
ROCE %	Get a 7-Day Free Trial															-9.38	-8.47	-9.79	-10.50	-8.46

ALX Resources ROCE % Calculation

ALX Resources's annualized ROCE % for the fiscal year that ended in Dec. 2022 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2022 )		(A: Dec. 2021 )		(A: Dec. 2022 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2022 )		(A: Dec. 2021 )		(A: Dec. 2022 )
	=	-0.935	/	( ( (9.014 - 0.126)	+	(8.644 - 0.181) )	/ 2 )
	=	-0.935	/	( (8.888	+	8.463)	/ 2 )
	=	-0.935	/	8.6755
	=	-10.78 %

ALX Resources's ROCE % of for the quarter that ended in Jun. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jun. 2024 )		(Q: Mar. 2024 )		(Q: Jun. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jun. 2024 )		(Q: Mar. 2024 )		(Q: Jun. 2024 )
	=	-0.66	/	( ( (8.195 - 0.281)	+	(7.845 - 0.165) )	/ 2 )
	=	-0.66	/	( ( 7.914	+	7.68 )	/ 2 )
	=	-0.66	/	7.797
	=	-8.46 %

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

ALX Resources (FRA:6LLN) 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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ALX Resources Business Description

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GURUFOCUS.COM » STOCK LIST » Energy » Other Energy Sources » ALX Resources Corp (FRA:6LLN) » Definitions » ROCE %

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ALXEF:USA AL:Canada

Address

1199 West Pender Street, Suite 408, Vancouver, BC, CAN, V6E 2R1

Website

https://www.alxresources.com

ALX Resources Corp is principally engaged in the acquisition, exploration, and development of mineral properties. Its project consists of Uranium, Energy and Gold properties. Some of the projects are Newnham Lake, Lazy Edward Bay, Kelic Lake and Black Lake, Vixen Gold Project, Firebird Nickel Project, Tango Project, Gibbons Creek and others.

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