Aluula Composites (TSXV:AUUA) ROCE % : -50.39% (As of Oct. 2023)

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What is Aluula Composites 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. Aluula Composites's annualized ROCE % for the quarter that ended in Oct. 2023 was -50.39%.

Aluula Composites ROCE % Historical Data

The historical data trend for Aluula Composites'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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Aluula Composites ROCE % Chart

Aluula Composites Annual Data

Trend

Oct21

Oct22

Oct23

ROCE %

2.20

-8.23

-50.39

Aluula Composites Semi-Annual Data
	Oct21	Oct22	Oct23
ROCE %	2.20	-8.23	-50.39

Aluula Composites ROCE % Calculation

Aluula Composites's annualized ROCE % for the fiscal year that ended in Oct. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Oct. 2023 )		(A: Oct. 2022 )		(A: Oct. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Oct. 2023 )		(A: Oct. 2022 )		(A: Oct. 2023 )
	=	-5.507	/	( ( (14.77 - 5.684)	+	(15.177 - 2.407) )	/ 2 )
	=	-5.507	/	( (9.086	+	12.77)	/ 2 )
	=	-5.507	/	10.928
	=	-50.39 %

Aluula Composites's ROCE % of for the quarter that ended in Oct. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Oct. 2023 )		(Q: Oct. 2022 )		(Q: Oct. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Oct. 2023 )		(Q: Oct. 2022 )		(Q: Oct. 2023 )
	=	-5.507	/	( ( (14.77 - 5.684)	+	(15.177 - 2.407) )	/ 2 )
	=	-5.507	/	( ( 9.086	+	12.77 )	/ 2 )
	=	-5.507	/	10.928
	=	-50.39 %

(1) Note: The EBIT data used here is one times the annual (Oct. 2023) EBIT data.

Aluula Composites (TSXV:AUUA) 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.

Aluula Composites ROCE % Related Terms

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Aluula Composites (TSXV:AUUA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Aluula Composites Inc (TSXV:AUUA) » Definitions » ROCE %

Traded in Other Exchanges

AUUAF:USA

Address

4240 Glanford Avenue, Suite 300, Victoria, BC, CAN, V8Z 4B8

Website

https://www.aluula.com

Aluula Composites Inc is a manufacturer of composite materials. It specializes in the production of lightweight and high performance composite materials for various applications, including the wind sports, outdoor, sailing, and aerospace markets. The company utilizes advanced manufacturing technologies, such as 3D printing, to produce its composite materials and components.

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