Aldd Ventures (TSXV:ALDD.P) ROCE % : -8.52% (As of Dec. 2023)

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What is Aldd Ventures 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. Aldd Ventures's annualized ROCE % for the quarter that ended in Dec. 2023 was -8.52%.

Aldd Ventures ROCE % Historical Data

The historical data trend for Aldd Ventures'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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Aldd Ventures ROCE % Chart

Aldd Ventures Annual Data

Trend

Mar22

Mar23

ROCE %

-73.45

Aldd Ventures Quarterly Data
	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial			-104.92	96.15	-130.72	-26.78	-8.52

Aldd Ventures ROCE % Calculation

Aldd Ventures's annualized ROCE % for the fiscal year that ended in Mar. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Mar. 2023 )		(A: Mar. 2022 )		(A: Mar. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Mar. 2023 )		(A: Mar. 2022 )		(A: Mar. 2023 )
	=	-0.101	/	( ( (0.175 - 0.004)	+	(0.113 - 0.009) )	/ 2 )
	=	-0.101	/	( (0.171	+	0.104)	/ 2 )
	=	-0.101	/	0.1375
	=	-73.45 %

Aldd Ventures's ROCE % of for the quarter that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	-0.028	/	( ( (0.334 - 0.002)	+	(0.328 - 0.003) )	/ 2 )
	=	-0.028	/	( ( 0.332	+	0.325 )	/ 2 )
	=	-0.028	/	0.3285
	=	-8.52 %

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

Aldd Ventures (TSXV:ALDD.P) 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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Aldd Ventures (TSXV:ALDD.P) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Aldd Ventures Corp (TSXV:ALDD.P) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

West Pender Street, 6th Floor, Vancouver, BC, CAN, V6C 1L6

Website

Aldd Ventures Corp is a capital pool company.

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