Alerio Gold (XCNQ:ALE) ROCE % : -1.30% (As of May. 2023)

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What is Alerio Gold 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. Alerio Gold's annualized ROCE % for the quarter that ended in May. 2023 was -1.30%.

Alerio Gold ROCE % Historical Data

The historical data trend for Alerio Gold'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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Alerio Gold ROCE % Chart

Alerio Gold Annual Data

Trend

Aug18

Aug19

Aug20

Aug21

Aug22

ROCE %

-137.59

-104.91

-131.42

-12.25

Alerio Gold Quarterly Data
	Feb19	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23
ROCE %	Get a 7-Day Free Trial													-217.01	-9.46	-3.88	-3.43	-1.30

Alerio Gold ROCE % Calculation

Alerio Gold's annualized ROCE % for the fiscal year that ended in Aug. 2022 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Aug. 2022 )		(A: Aug. 2021 )		(A: Aug. 2022 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Aug. 2022 )		(A: Aug. 2021 )		(A: Aug. 2022 )
	=	-1.043	/	( ( (1.204 - 0.11)	+	(16.114 - 0.173) )	/ 2 )
	=	-1.043	/	( (1.094	+	15.941)	/ 2 )
	=	-1.043	/	8.5175
	=	-12.25 %

Alerio Gold's ROCE % of for the quarter that ended in May. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: May. 2023 )		(Q: Feb. 2023 )		(Q: May. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: May. 2023 )		(Q: Feb. 2023 )		(Q: May. 2023 )
	=	-0.204	/	( ( (16.127 - 0.454)	+	(16.046 - 0.425) )	/ 2 )
	=	-0.204	/	( ( 15.673	+	15.621 )	/ 2 )
	=	-0.204	/	15.647
	=	-1.30 %

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

Alerio Gold (XCNQ:ALE) 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.

Alerio Gold ROCE % Related Terms

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Alerio Gold (XCNQ:ALE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Alerio Gold Corp (XCNQ:ALE) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

3FR0:Germany

Address

409 Granville Street, Suite 459, Vancouver, BC, CAN, V6C 1T2

Website

https://www.aleriogold.com

Alerio Gold Corp is a mineral exploration and development company engaged in acquiring, exploring, and developing natural resource properties, with a focus in Guyana, South America. The company currently has 100% interest in two gold properties located in Guyana the Tassawini Property, the Puruni gold Project, and the Harpy Property.

Executives

Chatradharee Mohan

10% Security Holder