ADM Tronics Unlimited (ADM Tronics Unlimited) ROCE % : -26.49% (As of Dec. 2023)

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What is ADM Tronics Unlimited 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. ADM Tronics Unlimited's annualized ROCE % for the quarter that ended in Dec. 2023 was -26.49%.

ADM Tronics Unlimited ROCE % Historical Data

The historical data trend for ADM Tronics Unlimited'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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ADM Tronics Unlimited ROCE % Chart

ADM Tronics Unlimited Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

ROCE %

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-9.55

-0.48

-16.98

-15.35

2.23

ADM Tronics Unlimited Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial															17.37	-23.11	-27.38	-52.06	-26.49

ADM Tronics Unlimited ROCE % Calculation

ADM Tronics Unlimited's annualized ROCE % for the fiscal year that ended in Mar. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Mar. 2023 )		(A: Mar. 2022 )		(A: Mar. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Mar. 2023 )		(A: Mar. 2022 )		(A: Mar. 2023 )
	=	0.043	/	( ( (3.35 - 1.473)	+	(3.09 - 1.114) )	/ 2 )
	=	0.043	/	( (1.877	+	1.976)	/ 2 )
	=	0.043	/	1.9265
	=	2.23 %

ADM Tronics Unlimited'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: Sep. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	-0.4	/	( ( (2.742 - 1.169)	+	(2.615 - 1.168) )	/ 2 )
	=	-0.4	/	( ( 1.573	+	1.447 )	/ 2 )
	=	-0.4	/	1.51
	=	-26.49 %

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

ADM Tronics Unlimited (OTCPK:ADMT) 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.

ADM Tronics Unlimited ROCE % Related Terms

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ADM Tronics Unlimited (ADM Tronics Unlimited) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » ADM Tronics Unlimited Inc (OTCPK:ADMT) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

224 Pegasus Avenue, Northvale, NJ, USA, 07647

Website

https://www.admtronics.com

ADM Tronics Unlimited Inc is a diversified, technology-based developer and manufacturer of technologies and products in the United States. The company's operating segment includes Chemical; Electronics and Engineering. It generates maximum revenue from the Electronics segment. The Electronics segment develops and manufactures electronic technologies for non-invasive, electrotherapeutic and diagnostic medical devices as well as for veterinary and other applications. It derives revenue from the production and sale of electronics for medical devices and other applications; environmentally safe chemical products for industrial, medical and cosmetic uses; research, development, regulatory, and engineering services.