ADARY (ASTM SpA) ROCE % : 3.66% (As of Dec. 2021)

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What is ASTM SpA 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. ASTM SpA's annualized ROCE % for the quarter that ended in Dec. 2021 was 3.66%.

ASTM SpA ROCE % Historical Data

The historical data trend for ASTM SpA'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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ASTM SpA ROCE % Chart

ASTM SpA Annual Data

Trend

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

ROCE %

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8.61

8.33

5.68

4.32

4.36

ASTM SpA Semi-Annual Data
	Jun12	Dec12	Jun13	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21
ROCE %	Get a 7-Day Free Trial															4.08	3.60	4.96	5.64	3.66

ASTM SpA ROCE % Calculation

ASTM SpA's annualized ROCE % for the fiscal year that ended in Dec. 2021 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2021 )		(A: Dec. 2020 )		(A: Dec. 2021 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2021 )		(A: Dec. 2020 )		(A: Dec. 2021 )
	=	401.046	/	( ( (9019.624 - 2104.022)	+	(14189.089 - 2696.999) )	/ 2 )
	=	401.046	/	( (6915.602	+	11492.09)	/ 2 )
	=	401.046	/	9203.846
	=	4.36 %

ASTM SpA's ROCE % of for the quarter that ended in Dec. 2021 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2021 )		(Q: Jun. 2021 )		(Q: Dec. 2021 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2021 )		(Q: Jun. 2021 )		(Q: Dec. 2021 )
	=	377.182	/	( ( (11409.036 - 2263.046)	+	(14189.089 - 2696.999) )	/ 2 )
	=	377.182	/	( ( 9145.99	+	11492.09 )	/ 2 )
	=	377.182	/	10319.04
	=	3.66 %

(1) Note: The EBIT data used here is two times the semi-annual (Dec. 2021) EBIT data.

ASTM SpA (OTCPK:ADARY) 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.

ASTM SpA ROCE % Related Terms

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ASTM SpA Business Description

Industry

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Address

Corso Regina Margherita, 165, Turin, ITA, 10144

Website

http://www.astm.it

ASTM SpA is an industrial holding company that manages licensed motorways, large infrastructure works, and construction projects. It designs, develops, and maintains roads, airports, and other infrastructure projects. The company works as a contractor and helps establish new project finance initiatives. ASTM is organized into two main segments. The Motorway Sector operations collects revenue from completed road works through tolls. These are generally multi-decade concessions with municipal governments. The vast majority of these are in Italy and Brazil. The Engineering, Procurement, and Construction (EPC) segment provides design and construction services to infrastructure and civil projects across the globe.

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