Antares Vision SpA (CHIX:AVM) ROCE % : -2.84% (As of Jun. 2023)

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What is Antares Vision SpA 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. Antares Vision SpA's annualized ROCE % for the quarter that ended in Jun. 2023 was -2.84%.

Antares Vision SpA ROCE % Historical Data

The historical data trend for Antares Vision SpA'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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Antares Vision SpA ROCE % Chart

Antares Vision SpA Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

ROCE %

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50.21

21.05

6.45

5.75

5.06

Antares Vision SpA Semi-Annual Data
	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
ROCE %	Get a 7-Day Free Trial									1.20	8.88	-0.67	10.49	-2.84

Antares Vision SpA ROCE % Calculation

Antares Vision SpA'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 )
	=	23.127	/	( ( (507.605 - 70.566)	+	(581.992 - 104.862) )	/ 2 )
	=	23.127	/	( (437.039	+	477.13)	/ 2 )
	=	23.127	/	457.0845
	=	5.06 %

Antares Vision SpA'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 )
	=	-13.522	/	( ( (581.992 - 104.862)	+	(584.399 - 109.104) )	/ 2 )
	=	-13.522	/	( ( 477.13	+	475.295 )	/ 2 )
	=	-13.522	/	476.2125
	=	-2.84 %

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

Antares Vision SpA (CHIX:AVm) 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.

Antares Vision SpA ROCE % Related Terms

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Antares Vision SpA (CHIX:AVM) Business Description

Industry

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Comparable Companies

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ANTVF:USA AV:Italy 2YK:Germany

Address

Via Del Ferro 16, Travagliato, Brescia, ITA, 25039

Website

https://www.antaresvisiongroup.com

Antares Vision SpA is engaged in providing control systems and traceability solutions. The business activities of the group include designing, manufacturing, installing, and maintaining critical systems for the most demanding customers in the world. The company offers products such as Track and Trace devices, Inspection systems, Inspection machines, and Smart data management systems. Its geographical segments are Italy, Europe, North and South America, Asia, Oceania, Africa, and the Middle East.

Antares Vision SpA (CHIX:AVM) Headlines

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