Audio Pixels Holdings (ASX:AKP) ROCE % : 0.00% (As of Jun. 2023)

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What is Audio Pixels Holdings 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. Audio Pixels Holdings's annualized ROCE % for the quarter that ended in Jun. 2023 was 0.00%.

Audio Pixels Holdings ROCE % Historical Data

The historical data trend for Audio Pixels Holdings'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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Audio Pixels Holdings ROCE % Chart

Audio Pixels Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-60.06

-181.56

-101.08

-515.50

Audio Pixels Holdings 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															-166.54	-	-	-	-

Audio Pixels Holdings ROCE % Calculation

Audio Pixels Holdings'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 )
	=	-10.241	/	( ( (5.313 - 5.143)	+	(4.013 - 6.815) )	/ 2 )
	=	-10.241	/	( (0.17	+	-2.802)	/ 2 )
	=	-10.241	/	-1.316
	=	778.19 %

Audio Pixels Holdings'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 )
	=	-10.956	/	( ( (5.313 - 5.143)	+	(3.867 - 6.176) )	/ 2 )
	=	-10.956	/	( ( 0.17	+	-2.309 )	/ 2 )
	=	-10.956	/	-1.0695
	=	0 %

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

Audio Pixels Holdings (ASX:AKP) 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.

Audio Pixels Holdings ROCE % Related Terms

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Audio Pixels Holdings (ASX:AKP) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Audio Pixels Holdings Ltd (ASX:AKP) » Definitions » ROCE %

Traded in Other Exchanges

ADPXY:USA GQ8:Germany

Address

75 Elizabeth Street, Suite 3, Level 12, Sydney, NSW, AUS, 2000

Website

https://www.audiopixels.com.au

Audio Pixels Holdings Ltd is engaged in the development of digital speaker's microchip by utilizing the technological platform for reproducing sound. The company operates in Australia and Israel. It operates through the digital speakers segment. The company's MEMS-GEN-II platform enables the market for audio speakers to follow the evolution of the video display market from large, heavy analog tube-based monitors to the digital flat panel displays of today.