Aldebaran Resources (TSXV:ALDE) ROCE % : -3.29% (As of Dec. 2023)

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What is Aldebaran 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. Aldebaran Resources's annualized ROCE % for the quarter that ended in Dec. 2023 was -3.29%.

Aldebaran Resources ROCE % Historical Data

The historical data trend for Aldebaran 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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Aldebaran Resources ROCE % Chart

Aldebaran Resources Annual Data

Trend

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

ROCE %

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-1.20

-2.93

-2.46

-0.77

-2.39

Aldebaran Resources Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial															-0.62	-0.44	-5.79	-17.96	-3.29

Aldebaran Resources ROCE % Calculation

Aldebaran Resources's annualized ROCE % for the fiscal year that ended in Jun. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Jun. 2023 )		(A: Jun. 2022 )		(A: Jun. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Jun. 2023 )		(A: Jun. 2022 )		(A: Jun. 2023 )
	=	-2.147	/	( ( (79.562 - 0.589)	+	(101.064 - 0.063) )	/ 2 )
	=	-2.147	/	( (78.973	+	101.001)	/ 2 )
	=	-2.147	/	89.987
	=	-2.39 %

Aldebaran Resources'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 )
	=	-5.32	/	( ( (162.764 - 0.416)	+	(161.587 - 0.335) )	/ 2 )
	=	-5.32	/	( ( 162.348	+	161.252 )	/ 2 )
	=	-5.32	/	161.8
	=	-3.29 %

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

Aldebaran Resources (TSXV:ALDE) 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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Aldebaran Resources (TSXV:ALDE) Business Description

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GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Aldebaran Resources Inc (TSXV:ALDE) » Definitions » ROCE %

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ADBRF:USA

Address

200 Granville Street, Suite 2710, Vancouver, BC, CAN, V6C 1S4

Website

https://www.aldebaranresources.com

Aldebaran Resources Inc is a Canadian mineral exploration company. Aldebaran has the right to earn from the Altar copper-gold project in San Juan Province, Argentina from Sibanye Stillwater. Altar hosts a large porphyry copper-gold system with mineralization currently defined in three distinct zones and forms part of a cluster of porphyry copper deposits which includes Los Pelambres (Antofagasta Minerals), El Pachon (Glencore), and Los Azules (McEwen Mining). The firm is focused on the Altar project with a view to discovering new zones with higher-grade mineralization.

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