AA Tech SpA (MIL:AAT) ROCE % : -1.64% (As of Dec. 2023)

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What is AA Tech SpA 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. AA Tech SpA's annualized ROCE % for the quarter that ended in Dec. 2023 was -1.64%.

AA Tech SpA ROCE % Historical Data

The historical data trend for AA Tech SpA'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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AA Tech SpA ROCE % Chart

AA Tech SpA Annual Data

Trend

Dec21

Dec22

Dec23

ROCE %

2.59

-3.52

-1.64

AA Tech SpA Semi-Annual Data
	Dec21	Dec22	Dec23
ROCE %	2.59	-3.52	-1.64

AA Tech SpA ROCE % Calculation

AA Tech SpA's annualized ROCE % for the fiscal year that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2023 )		(A: Dec. 2022 )		(A: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2023 )		(A: Dec. 2022 )		(A: Dec. 2023 )
	=	-0.119	/	( ( (8.139 - 1.939)	+	(10.314 - 2.044) )	/ 2 )
	=	-0.119	/	( (6.2	+	8.27)	/ 2 )
	=	-0.119	/	7.235
	=	-1.64 %

AA Tech SpA'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: Dec. 2022 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Dec. 2022 )		(Q: Dec. 2023 )
	=	-0.119	/	( ( (8.139 - 1.939)	+	(10.314 - 2.044) )	/ 2 )
	=	-0.119	/	( ( 6.2	+	8.27 )	/ 2 )
	=	-0.119	/	7.235
	=	-1.64 %

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

AA Tech SpA (MIL:AAT) 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.

AA Tech SpA ROCE % Related Terms

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AA Tech SpA (MIL:AAT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » AA Tech SpA (MIL:AAT) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Via Giovanni Lanza 57, Fondi, ITA, 04022

Website

https://www.aatech.it

AA Tech SpA is an innovative venture tech builder in the digital sector, with the constant aim of identifying new technologies in the aforementioned sectors in Italy. In particular, the Company, through a process of continuous innovation, intends to seek innovative solutions that create new opportunities for generating value, with the intention, after their creation and validation, of making these companies autonomous. One of its subsidiaries Previon a Fintech company that provides open banking services for compulsory and complementary pension funds.