ATROB (Astronics) ROCE % : 6.66% (As of Sep. 2024)

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What is Astronics 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. Astronics's annualized ROCE % for the quarter that ended in Sep. 2024 was 6.66%.

Astronics ROCE % Historical Data

The historical data trend for Astronics'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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Astronics ROCE % Chart

Astronics Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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1.95

-2.30

-6.63

-6.30

-1.40

Astronics Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
ROCE %	Get a 7-Day Free Trial															-12.17	6.46	1.02	6.15	6.66

Astronics ROCE % Calculation

Astronics'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 )
	=	-6.671	/	( ( (615.031 - 151.612)	+	(633.792 - 143.334) )	/ 2 )
	=	-6.671	/	( (463.419	+	490.458)	/ 2 )
	=	-6.671	/	476.9385
	=	-1.40 %

Astronics's ROCE % of for the quarter that ended in Sep. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2024 )		(Q: Jun. 2024 )		(Q: Sep. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2024 )		(Q: Jun. 2024 )		(Q: Sep. 2024 )
	=	33.496	/	( ( (644.859 - 141.142)	+	(651.597 - 150.036) )	/ 2 )
	=	33.496	/	( ( 503.717	+	501.561 )	/ 2 )
	=	33.496	/	502.639
	=	6.66 %

(1) Note: The EBIT data used here is four times the quarterly (Sep. 2024) EBIT data.

Astronics (OTCPK:ATROB) 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.

Astronics ROCE % Related Terms

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Astronics Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Aerospace & Defense » Astronics Corp (OTCPK:ATROB) » Definitions » ROCE %

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Traded in Other Exchanges

ATRO:USA AC1:Germany

Address

130 Commerce Way, East Aurora, NY, USA, 14052

Website

https://www.astronics.com

Astronics Corp supplies products to the aerospace, defense, and electronics industries. The company has two reportable segments namely Aerospace and Test Systems. The aerospace segment serves three primary markets: military, commercial transport, and General Aviation. The Test Systems segment serves the aerospace, defense, and semiconductor markets. The company generates a majority of its revenue from the Aerospace segment. Geographically, it generates a majority of its revenue from the United States.