Asia Tele-Net And Technology (HKSE:00679) ROCE % : 22.09% (As of Jun. 2023)

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What is Asia Tele-Net And Technology 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. Asia Tele-Net And Technology's annualized ROCE % for the quarter that ended in Jun. 2023 was 22.09%.

Asia Tele-Net And Technology ROCE % Historical Data

The historical data trend for Asia Tele-Net And Technology'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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Asia Tele-Net And Technology ROCE % Chart

Asia Tele-Net And Technology Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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39.84

9.62

-53.26

0.05

30.07

Asia Tele-Net And Technology Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
ROCE %	Get a 7-Day Free Trial															-116.54	4.51	-4.67	22.09	37.58

Asia Tele-Net And Technology ROCE % Calculation

Asia Tele-Net And Technology's annualized ROCE % for the fiscal year that ended in Dec. 2022 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2022 )		(A: Dec. 2021 )		(A: Dec. 2022 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2022 )		(A: Dec. 2021 )		(A: Dec. 2022 )
	=	0.703	/	( ( (1875.93 - 432.531)	+	(1810.835 - 524.463) )	/ 2 )
	=	0.703	/	( (1443.399	+	1286.372)	/ 2 )
	=	0.703	/	1364.8855
	=	0.05 %

Asia Tele-Net And Technology's ROCE % of for the quarter that ended in Jun. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jun. 2023 )		(Q: Dec. 2022 )		(Q: Jun. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jun. 2023 )		(Q: Dec. 2022 )		(Q: Jun. 2023 )
	=	295.35	/	( ( (1810.835 - 524.463)	+	(1711.041 - 323.216) )	/ 2 )
	=	295.35	/	( ( 1286.372	+	1387.825 )	/ 2 )
	=	295.35	/	1337.0985
	=	22.09 %

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

Asia Tele-Net And Technology (HKSE:00679) 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.

Asia Tele-Net And Technology ROCE % Related Terms

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Asia Tele-Net And Technology (HKSE:00679) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Asia Tele-Net And Technology Corp Ltd (HKSE:00679) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

DKC:Germany

Address

181 Johnston Road, Rooms 607-610, 6th Floor, Tai Yau Building, Wan Chai, Hong Kong, HKG

Website

http://www.atnt.biz

Asia Tele-Net And Technology Corp Ltd is an investment holding company. The is mainly engaged in the electroplating equipment business. Geographically, it derives a majority of revenue from the People's Republic of China and also has a presence in Taiwan; Mexico; The United States of America; Germany; Thailand; India; United Kingdom; Other European countries; United Arab Emirates; Russia; Singapore; Hong Kong, and other countries.

Asia Tele-Net And Technology (HKSE:00679) Headlines

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