Austal (Austal) ROCE % : 4.88% (As of Dec. 2023)

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What is Austal 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. Austal's annualized ROCE % for the quarter that ended in Dec. 2023 was 4.88%.

Austal ROCE % Historical Data

The historical data trend for Austal'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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Austal ROCE % Chart

Austal Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

ROCE %

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11.22

14.05

11.67

9.79

-0.22

Austal Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
ROCE %	Get a 7-Day Free Trial															12.29	7.83	-0.18	-0.26	4.88

Austal ROCE % Calculation

Austal'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 )
	=	-2.052	/	( ( (1187.242 - 256.493)	+	(1293.576 - 341.574) )	/ 2 )
	=	-2.052	/	( (930.749	+	952.002)	/ 2 )
	=	-2.052	/	941.3755
	=	-0.22 %

Austal'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 )
	=	45.488	/	( ( (1293.576 - 341.574)	+	(1273.381 - 362.681) )	/ 2 )
	=	45.488	/	( ( 952.002	+	910.7 )	/ 2 )
	=	45.488	/	931.351
	=	4.88 %

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

Austal (OTCPK:AUTLF) 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.

Austal ROCE % Related Terms

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Austal (Austal) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Aerospace & Defense » Austal Ltd (OTCPK:AUTLF) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

LX6:Germany ASB:Australia

Address

100 Clarence Beach Road, Henderson, Perth, WA, AUS, 6166

Website

https://www.austal.com

Austal Ltd is engaged in designing, constructing, and supporting revolutionary defense and commercial vessels in Australia, the United States, and the Philippines. Its segments are USA Shipbuilding; USA Support; Australasia Shipbuilding and Australasia Support. The company designs, constructs, and supports passenger ferries, vehicle passenger ferries, and offshore and windfarm vessels; naval vessels; naval surface warfare combatants; and patrol boats for government law enforcement and border protection agencies.