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ALX Resources (ALX Resources) ROCE % : -9.70% (As of Sep. 2023)


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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 Sep. 2023 was -9.70%.

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.

* Premium members only.

ALX Resources ROCE % Chart

ALX Resources Annual Data
Trend Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22
ROCE %
Get a 7-Day Free Trial Premium Member Only Premium Member Only -7.60 -11.36 -9.55 -8.83 -10.42

ALX Resources Quarterly Data
Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23
ROCE % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -8.75 -9.52 -9.44 -8.50 -9.70

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 )
=-0.99/( ( (10.185 - 0.142) + (9.157 - 0.192) )/ 2 )
=-0.99/( (10.043+8.965)/ 2 )
=-0.99/9.504
=-10.42 %

ALX Resources's ROCE % of for the quarter that ended in Sep. 2023 is calculated as:

ROCE %=EBIT (1)/( (Capital Employed+Capital Employed)/ count )
(Q: Sep. 2023 )  (Q: Jun. 2023 )(Q: Sep. 2023 )
=EBIT/( ( (Total Assets - Total Current Liabilities)+(Total Assets - Total Current Liabilities) )/ count )
(Q: Sep. 2023 )  (Q: Jun. 2023 )(Q: Sep. 2023 )
=-0.84/( ( (8.997 - 0.143) + (8.561 - 0.1) )/ 2 )
=-0.84/( ( 8.854 + 8.461 )/ 2 )
=-0.84/8.6575
=-9.70 %

(1) Note: The EBIT data used here is four times the quarterly (Sep. 2023) EBIT data.

* 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.

ALX Resources  (OTCPK:ALXEF) 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.

ALX Resources ROCE % Related Terms

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ALX Resources (ALX Resources) Business Description

Industry
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Traded in Other Exchanges
6LLN:Germany 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.