Alphamin Resources (TSXV:AFM) ROCE % : 37.81% (As of Mar. 2024)

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What is Alphamin 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. Alphamin Resources's annualized ROCE % for the quarter that ended in Mar. 2024 was 37.81%.

Alphamin Resources ROCE % Historical Data

The historical data trend for Alphamin 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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Alphamin Resources ROCE % Chart

Alphamin Resources Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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1.10

4.21

47.25

51.56

24.65

Alphamin Resources 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															32.23	28.43	29.92	10.62	37.81

Alphamin Resources ROCE % Calculation

Alphamin Resources'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 )
	=	134.261	/	( ( (665.804 - 122.677)	+	(693.285 - 146.884) )	/ 2 )
	=	134.261	/	( (543.127	+	546.401)	/ 2 )
	=	134.261	/	544.764
	=	24.65 %

Alphamin Resources'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 )
	=	215.476	/	( ( (693.285 - 146.884)	+	(735.955 - 142.629) )	/ 2 )
	=	215.476	/	( ( 546.401	+	593.326 )	/ 2 )
	=	215.476	/	569.8635
	=	37.81 %

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

Alphamin Resources (TSXV:AFM) 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.

Alphamin Resources ROCE % Related Terms

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Alphamin Resources (TSXV:AFM) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Alphamin Resources Corp (TSXV:AFM) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

APH:South Africa AFMJF:USA 21L:Germany

Address

C/o Adansonia Management Services Limited, Suite 1, Perrieri Office Suites, C2-302, Level 3, La Croisette, Office Block C, Grand Baie, MUS, 30517

Website

https://www.alphaminresources.com

Alphamin Resources Corp is engaged in the business of production and sale of tin concentrate from the Bisie Tin mine in the Democratic Republic of the Congo (DRC). The company considers its business to consist of one reportable operating segment, the production and sale of tin from its Bisie tin mine.

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