BATM Advanced Communications (AQSE:BVC.GB) ROCE % : 2.56% (As of Jun. 2024)

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What is BATM Advanced Communications 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. BATM Advanced Communications's annualized ROCE % for the quarter that ended in Jun. 2024 was 2.56%.

BATM Advanced Communications ROCE % Historical Data

The historical data trend for BATM Advanced Communications'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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BATM Advanced Communications ROCE % Chart

BATM Advanced Communications Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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5.46

11.05

19.14

2.61

2.21

BATM Advanced Communications Semi-Annual Data
	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
ROCE %	Get a 7-Day Free Trial															2.62	2.56	2.23	2.28	2.56

BATM Advanced Communications ROCE % Calculation

BATM Advanced Communications'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 )
	=	2.24	/	( ( (143.824 - 42.112)	+	(137.955 - 37.23) )	/ 2 )
	=	2.24	/	( (101.712	+	100.725)	/ 2 )
	=	2.24	/	101.2185
	=	2.21 %

BATM Advanced Communications's ROCE % of for the quarter that ended in Jun. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jun. 2024 )		(Q: Dec. 2023 )		(Q: Jun. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jun. 2024 )		(Q: Dec. 2023 )		(Q: Jun. 2024 )
	=	2.56	/	( ( (137.955 - 37.23)	+	(133.258 - 33.958) )	/ 2 )
	=	2.56	/	( ( 100.725	+	99.3 )	/ 2 )
	=	2.56	/	100.0125
	=	2.56 %

(1) Note: The EBIT data used here is two times the semi-annual (Jun. 2024) EBIT data.

BATM Advanced Communications (AQSE:BVC.GB) 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.

BATM Advanced Communications ROCE % Related Terms

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BATM Advanced Communications Business Description

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GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » BATM Advanced Communications Ltd (AQSE:BVC.GB) » Definitions » ROCE %

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BVC:Israel BVCl:UK BVC:UK BAV:Germany

Address

4 Ha’harash Street, P.O.B. 7318, Nave Ne'eman Industrial Area, Hod Hasharon, ISR, 4524075

Website

https://www.batm.com

BATM Advanced Communications Ltd is an Israel-based technology company. The company organizes its business operations into three divisions: Networking & Cyber Division and Diagnostics Division. Networking and Cyber Division mostly includes the research and development, production, and marketing of data communication products in the field of local and wide area networks and premises management systems. Diagnostics division is mainly engaged in the sale and distribution of in vitro diagnostics (IVD) reagents and instruments, including the development and production of proprietary products. Its geographical segments are the United States of America, Israel, and Europe.

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