Aerometrex (ASX:AMX) ROCE % : -22.77% (As of Dec. 2023)

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What is Aerometrex 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. Aerometrex's annualized ROCE % for the quarter that ended in Dec. 2023 was -22.77%.

Aerometrex ROCE % Historical Data

The historical data trend for Aerometrex'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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Aerometrex ROCE % Chart

Aerometrex Annual Data

Trend

Jun19

Jun20

Jun21

Jun22

Jun23

ROCE %

0.70

-9.92

-1.95

-15.01

Aerometrex Semi-Annual Data
	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
ROCE %	Get a 7-Day Free Trial				-18.62	15.70	-23.48	-6.79	-22.77

Aerometrex ROCE % Calculation

Aerometrex'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 )
	=	-5.08	/	( ( (44.67 - 8.86)	+	(41.671 - 9.795) )	/ 2 )
	=	-5.08	/	( (35.81	+	31.876)	/ 2 )
	=	-5.08	/	33.843
	=	-15.01 %

Aerometrex's ROCE % of for the quarter that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2023 )		(Q: Jun. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Jun. 2023 )		(Q: Dec. 2023 )
	=	-7.038	/	( ( (41.671 - 9.795)	+	(38.439 - 8.493) )	/ 2 )
	=	-7.038	/	( ( 31.876	+	29.946 )	/ 2 )
	=	-7.038	/	30.911
	=	-22.77 %

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

Aerometrex (ASX:AMX) 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.

Aerometrex ROCE % Related Terms

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Aerometrex (ASX:AMX) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Aerometrex Ltd (ASX:AMX) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

51-53 Glynburn Road, Glynde, Adelaide, SA, AUS, 5070

Website

https://www.aerometrex.com.au

Aerometrex Ltd is an aerial mapping company. It is specialized in aerial photography and mapping, aerial LiDAR surveys, 3D modelling, and MetroMap. The firm generates its revenue in the form of subscription revenue from the MetroMap aerial imagery subscription service or Data as a Service. Its geographical segment includes Australia and USA. The company derives a majority of revenue from Australia.