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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. AstroNova's annualized ROCE % for the quarter that ended in Oct. 2023 was 17.36%.
The historical data trend for AstroNova'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.
AstroNova's annualized ROCE % for the fiscal year that ended in Jan. 2023 is calculated as:
ROCE % | = | EBIT | / | ( (Capital Employed | + | Capital Employed) | / count ) |
(A: Jan. 2023 ) | (A: Jan. 2022 ) | (A: Jan. 2023 ) | |||||
= | EBIT | / | ( ( (Total Assets - Total Current Liabilities) | + | (Total Assets - Total Current Liabilities) ) | / count ) | |
(A: Jan. 2023 ) | (A: Jan. 2022 ) | (A: Jan. 2023 ) | |||||
= | 5.088 | / | ( ( (114.955 - 20.035) | + | (139.207 - 37.498) ) | / 2 ) | |
= | 5.088 | / | ( (94.92 | + | 101.709) | / 2 ) | |
= | 5.088 | / | 98.3145 | ||||
= | 5.18 % |
AstroNova's ROCE % of for the quarter that ended in Oct. 2023 is calculated as:
ROCE % | = | EBIT (1) | / | ( (Capital Employed | + | Capital Employed) | / count ) |
(Q: Oct. 2023 ) | (Q: Jul. 2023 ) | (Q: Oct. 2023 ) | |||||
= | EBIT | / | ( ( (Total Assets - Total Current Liabilities) | + | (Total Assets - Total Current Liabilities) ) | / count ) | |
(Q: Oct. 2023 ) | (Q: Jul. 2023 ) | (Q: Oct. 2023 ) | |||||
= | 17.324 | / | ( ( (132.55 - 33.448) | + | (134.203 - 33.698) ) | / 2 ) | |
= | 17.324 | / | ( ( 99.102 | + | 100.505 ) | / 2 ) | |
= | 17.324 | / | 99.8035 | ||||
= | 17.36 % |
(1) Note: The EBIT data used here is four times the quarterly (Oct. 2023) EBIT data.
* 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.
AstroNova (NAS:ALOT) 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.
Thank you for viewing the detailed overview of AstroNova's ROCE % provided by GuruFocus.com. Please click on the following links to see related term pages.
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April Ondis | director | C/O ASTRO-MED, INC., 600 EAST GREENWICH AVENUE, PROVIDENCE RI 02893 |
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