Alaska Hydro (TSXV:AKH.H) ROCE % : 0.00% (As of Mar. 2024)

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What is Alaska Hydro 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. Alaska Hydro's annualized ROCE % for the quarter that ended in Mar. 2024 was 0.00%.

Alaska Hydro ROCE % Historical Data

The historical data trend for Alaska Hydro'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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Alaska Hydro ROCE % Chart

Alaska Hydro Annual Data

Trend

Dec14

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Dec21

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Dec23

ROCE %

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Alaska Hydro Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
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Alaska Hydro ROCE % Calculation

Alaska Hydro'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 )
	=	-0.056	/	( ( (0.012 - 0.073)	+	(0.015 - 0.152) )	/ 2 )
	=	-0.056	/	( (-0.061	+	-0.137)	/ 2 )
	=	-0.056	/	-0.099
	=	56.57 %

Alaska Hydro'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 )
	=	-0.004	/	( ( (0.015 - 0.152)	+	(0.015 - 0.168) )	/ 2 )
	=	-0.004	/	( ( -0.137	+	-0.153 )	/ 2 )
	=	-0.004	/	-0.145
	=	0 %

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

Alaska Hydro (TSXV:AKH.H) 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.

Alaska Hydro ROCE % Related Terms

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Alaska Hydro (TSXV:AKH.H) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » Alaska Hydro Corp (TSXV:AKH.H) » Definitions » ROCE %

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ALKHF:USA

Address

2633 Carnation Street, North Vancouver, BC, CAN, V7H 1H6

Website

https://www.alaskahydro.com

Alaska Hydro Corp is principally engaged in the generation and sale of electricity business activities. It also involved in development, distribution, transmission, and marketing of electrical power. The company operates More Creek Hydroelectric Project with the electric generation power capacity of 306 GWh. It involved in the development of clean, renewable, and Hydroelectric power generation. It derives most of its revenues from the sale of the electricity business activities and has operations spread across Canada.

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