Altius Renewable Royalties (TSX:ARR) ROCE % : 1.17% (As of Mar. 2024)

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What is Altius Renewable Royalties 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. Altius Renewable Royalties's annualized ROCE % for the quarter that ended in Mar. 2024 was 1.17%.

Altius Renewable Royalties ROCE % Historical Data

The historical data trend for Altius Renewable Royalties'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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Altius Renewable Royalties ROCE % Chart

Altius Renewable Royalties Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-10.40

-8.45

-1.75

-0.85

0.10

Altius Renewable Royalties Quarterly Data
	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														-0.19	-0.08	-0.17	0.83	1.17

Altius Renewable Royalties ROCE % Calculation

Altius Renewable Royalties'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 )
	=	0.292	/	( ( (273.891 - 0.769)	+	(288.429 - 0.514) )	/ 2 )
	=	0.292	/	( (273.122	+	287.915)	/ 2 )
	=	0.292	/	280.5185
	=	0.10 %

Altius Renewable Royalties'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 )
	=	3.412	/	( ( (288.429 - 0.514)	+	(296.323 - 0.439) )	/ 2 )
	=	3.412	/	( ( 287.915	+	295.884 )	/ 2 )
	=	3.412	/	291.8995
	=	1.17 %

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

Altius Renewable Royalties (TSX:ARR) 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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Altius Renewable Royalties (TSX:ARR) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » Altius Renewable Royalties Corp (TSX:ARR) » Definitions » ROCE %

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ATRWF:USA 7VZ:Germany

Address

38 Duffy Place, 2nd Floor, Saint Johns, NL, CAN, A1B 4M5

Website

https://www.arr.energy

Altius Renewable Royalties Corp is a renewable energy royalty company whose business is to invest in renewable power developers and originators. The company's long-term strategy is to gain exposure to revenue underlying renewable energy operations by acquiring and managing a portfolio of diversified renewable energy royalties including acquiring royalties and other interests directly from project originators, developers, operators, and third-party holders of existing royalties. The Company manages its business under one operating segment consisting of the acquisition and management of renewable energy investments and royalties in North America.