Astrocast (Astrocast) ROCE % : 0.00% (As of Jun. 2023)

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What is Astrocast 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. Astrocast's annualized ROCE % for the quarter that ended in Jun. 2023 was 0.00%.

Astrocast ROCE % Historical Data

The historical data trend for Astrocast'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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Astrocast ROCE % Chart

Astrocast Annual Data

Trend

Dec20

Dec21

Dec22

ROCE %

-44.65

-114.99

-139.65

Astrocast Semi-Annual Data
	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
ROCE %	Get a 7-Day Free Trial			-108.56	-118.52	-112.40	-213.42	-

Astrocast ROCE % Calculation

Astrocast'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 )
	=	-22.178	/	( ( (38.799 - 11.496)	+	(33.844 - 29.385) )	/ 2 )
	=	-22.178	/	( (27.303	+	4.459)	/ 2 )
	=	-22.178	/	15.881
	=	-139.65 %

Astrocast'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: Dec. 2022 )		(Q: Jun. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jun. 2023 )		(Q: Dec. 2022 )		(Q: Jun. 2023 )
	=	-22.31	/	( ( (33.844 - 29.385)	+	(34.725 - 41.446) )	/ 2 )
	=	-22.31	/	( ( 4.459	+	-6.721 )	/ 2 )
	=	-22.31	/	-1.131
	=	0 %

(1) Note: The EBIT data used here is two times the semi-annual (Jun. 2023) EBIT data.

Astrocast (GREY:ASROF) 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.

Astrocast ROCE % Related Terms

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Astrocast (Astrocast) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Astrocast SA (GREY:ASROF) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

ASTRO:Norway

Address

Chemin des Ramiers 20, Chavannes-pres-Renens, Vaud, CHE, 1022

Website

https://www.astrocast.com

Astrocast SA is an operator of the nanosatellite IoT network intended to provide unlimited coverage all over the planet, with no geographical limitations. The company tackles challenges in industries such as Agriculture and Livestock, Oil, Gas and Mining, Maritime, Environmental, Connected Vehicles, and IoT Devices, enabling companies to monitor, track, assess, and communicate with critical remote assets from anywhere in the world.

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