AstroNova (FRA:AZO) ROCE % : 3.96% (As of Oct. 2024)

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What is AstroNova 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. AstroNova's annualized ROCE % for the quarter that ended in Oct. 2024 was 3.96%.

AstroNova ROCE % Historical Data

The historical data trend for AstroNova'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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AstroNova ROCE % Chart

AstroNova Annual Data

Trend

Jan15

Jan16

Jan17

Jan18

Jan19

Jan20

Jan21

Jan22

Jan23

Jan24

ROCE %

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2.26

3.24

8.44

5.30

8.50

AstroNova Quarterly Data
	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24	Apr24	Jul24	Oct24
ROCE %	Get a 7-Day Free Trial															17.76	15.95	4.78	3.10	3.96

AstroNova ROCE % Calculation

AstroNova's annualized ROCE % for the fiscal year that ended in Jan. 2024 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Jan. 2024 )		(A: Jan. 2023 )		(A: Jan. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Jan. 2024 )		(A: Jan. 2023 )		(A: Jan. 2024 )
	=	8.051	/	( ( (129.184 - 34.798)	+	(122.324 - 27.321) )	/ 2 )
	=	8.051	/	( (94.386	+	95.003)	/ 2 )
	=	8.051	/	94.6945
	=	8.50 %

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

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Oct. 2024 )		(Q: Jul. 2024 )		(Q: Oct. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Oct. 2024 )		(Q: Jul. 2024 )		(Q: Oct. 2024 )
	=	4.472	/	( ( (155.834 - 41.047)	+	(152.812 - 41.752) )	/ 2 )
	=	4.472	/	( ( 114.787	+	111.06 )	/ 2 )
	=	4.472	/	112.9235
	=	3.96 %

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

AstroNova (FRA:AZO) 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.

AstroNova ROCE % Related Terms

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AstroNova Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » AstroNova Inc (FRA:AZO) » Definitions » ROCE %

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Traded in Other Exchanges

ALOT:USA

Address

600 East Greenwich Avenue, West Warwick, RI, USA, 02893

Website

https://www.astronovainc.com

AstroNova Inc designs, develops, manufactures, and distributes a broad range of specialty printers and data acquisition and analysis systems, including both hardware and software, which incorporate technologies to acquire, store, analyze, and present data in multiple formats sold under the QuickLabel, TrojanLabel and GetLabels brand names. Its target markets for hardware and software products include aerospace, apparel, automotive, avionics, chemicals, computer peripherals, communications, distribution, food and beverage, general manufacturing, packaging, and transportation. It has two segments, Product Identification (PI) and Test & Measurement (T&M). It generates the majority of its revenue from the PI segment that includes specialty printing systems and related supplies.