Advent Technologies Holdings (Advent Technologies Holdings) ROCE %

: -101.36% (As of Sep. 2023)

View and export this data going back to 2018. Start your Free Trial

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. Advent Technologies Holdings's annualized ROCE % for the quarter that ended in Sep. 2023 was -101.36%.

Advent Technologies Holdings ROCE % Historical Data

The historical data trend for Advent Technologies 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.

* Premium members only.

Advent Technologies Holdings Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

ROCE %

-0.31

-2.75

-61.86

-42.26

Advent Technologies Holdings Quarterly Data
	Dec19	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
ROCE %											-37.43	-47.15	-66.68	-79.23	-101.36

Advent Technologies Holdings ROCE % Calculation

Advent Technologies Holdings'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 )
	=	-46.505	/	( ( (163.031 - 18.871)	+	(89.588 - 13.666) )	/ 2 )
	=	-46.505	/	( (144.16	+	75.922)	/ 2 )
	=	-46.505	/	110.041
	=	-42.26 %

Advent Technologies Holdings's ROCE % of for the quarter that ended in Sep. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2023 )		(Q: Jun. 2023 )		(Q: Sep. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2023 )		(Q: Jun. 2023 )		(Q: Sep. 2023 )
	=	-47.184	/	( ( (63.902 - 13.379)	+	(55.397 - 12.815) )	/ 2 )
	=	-47.184	/	( ( 50.523	+	42.582 )	/ 2 )
	=	-47.184	/	46.5525
	=	-101.36 %

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

Advent Technologies Holdings (NAS:ADNWW) 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.

Advent Technologies Holdings ROCE % Related Terms

Thank you for viewing the detailed overview of Advent Technologies Holdings's ROCE % provided by GuruFocus.com. Please click on the following links to see related term pages.

Advent Technologies Holdings (Advent Technologies Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » Advent Technologies Holdings Inc (NAS:ADNWW) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

ADN:USA

Address

500 Rutherford Avenue, Suite 102, Boston, MA, USA, 02129

Website

https://www.advent.energy

Advent Technologies Holdings Inc is an innovation-driven company in the fuel cell and hydrogen technology space. The company develops, manufactures, and assembles complete fuel cell systems and the critical components that determine the performance of hydrogen fuel cells and other energy systems. It serves automotive; aviation and power generation industries. It generates revenue from the sale of fuel cell systems and the sale of MEAs, membranes, and electrodes for specific applications in the fuel cell and energy storage (flow battery) markets.