Amaero International (ASX:3DA) ROCE % : -74.51% (As of Dec. 2023)

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What is Amaero International 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. Amaero International's annualized ROCE % for the quarter that ended in Dec. 2023 was -74.51%.

Amaero International ROCE % Historical Data

The historical data trend for Amaero International'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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Amaero International ROCE % Chart

Amaero International Annual Data

Trend

Jun19

Jun20

Jun21

Jun22

Jun23

ROCE %

-46.38

-47.06

-44.75

-68.44

Amaero International Semi-Annual Data
	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
ROCE %	Get a 7-Day Free Trial				-42.57	-58.64	-60.75	-59.17	-74.51

Amaero International ROCE % Calculation

Amaero International'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 )
	=	-12.287	/	( ( (21.856 - 1.958)	+	(18.246 - 2.239) )	/ 2 )
	=	-12.287	/	( (19.898	+	16.007)	/ 2 )
	=	-12.287	/	17.9525
	=	-68.44 %

Amaero International'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: Jun. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Jun. 2023 )		(Q: Dec. 2023 )
	=	-12.724	/	( ( (18.246 - 2.239)	+	(19.552 - 1.407) )	/ 2 )
	=	-12.724	/	( ( 16.007	+	18.145 )	/ 2 )
	=	-12.724	/	17.076
	=	-74.51 %

(1) Note: The EBIT data used here is two times the semi-annual (Dec. 2023) EBIT data.

Amaero International (ASX:3DA) 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.

Amaero International ROCE % Related Terms

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Amaero International (ASX:3DA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Amaero International Ltd (ASX:3DA) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

AMROF:USA

Address

13 Normanby Road, Notting Hill, Melbourne, VIC, AUS, 3168

Website

https://www.amaero.com.au

Amaero International Ltd is an Australian based company. It is engaged in the manufacturing of format complex components in metal with laser-based additive manufacturing processes. The firm uses 3D printers to make components out of various metal alloys for its clients, mainly in the Aviation; Defence; Space sectors, and Tool and Die industries. It generates its revenue in the form of research and development, design and prototyping, and 3D printing equipment and consumables among others.

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