ABC Technologies Holdings (TSX:ABCT) ROCE % : 5.07% (As of Jun. 2023)

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What is ABC Technologies 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. ABC Technologies Holdings's annualized ROCE % for the quarter that ended in Jun. 2023 was 5.07%.

ABC Technologies Holdings ROCE % Historical Data

The historical data trend for ABC 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.

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ABC Technologies Holdings ROCE % Chart

ABC Technologies Holdings Annual Data

Trend

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

ROCE %

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20.04

0.59

3.83

-7.18

-0.85

ABC Technologies Holdings Quarterly Data
	Jun18	Jun19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23
ROCE %	Get a 7-Day Free Trial												-9.66	-7.16	-5.76	2.58	5.07

ABC Technologies Holdings ROCE % Calculation

ABC Technologies Holdings's annualized ROCE % for the fiscal year that ended in Jun. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Jun. 2023 )		(A: Jun. 2022 )		(A: Jun. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Jun. 2023 )		(A: Jun. 2022 )		(A: Jun. 2023 )
	=	-12.012	/	( ( (1636.445 - 370.914)	+	(2131.834 - 565.597) )	/ 2 )
	=	-12.012	/	( (1265.531	+	1566.237)	/ 2 )
	=	-12.012	/	1415.884
	=	-0.85 %

ABC Technologies 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: Mar. 2023 )		(Q: Jun. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jun. 2023 )		(Q: Mar. 2023 )		(Q: Jun. 2023 )
	=	78.628	/	( ( (2150.731 - 618.302)	+	(2131.834 - 565.597) )	/ 2 )
	=	78.628	/	( ( 1532.429	+	1566.237 )	/ 2 )
	=	78.628	/	1549.333
	=	5.07 %

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

ABC Technologies Holdings (TSX:ABCT) 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.

ABC Technologies Holdings ROCE % Related Terms

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ABC Technologies Holdings (TSX:ABCT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » ABC Technologies Holdings Inc (TSX:ABCT) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

2 Norelco Drive, Toronto, ON, CAN, M9L 2X6

Website

https://www.abctechnologies.com

ABC Technologies Holdings Inc is a manufacturer and supplier of custom, highly engineered, technical plastics and light weighting innovations to the North American light vehicle industry. Its geographical segment includes Canada, United States, Mexico, and Rest of World. The company derives a majority of its revenue from the United States segment.

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