Avanceon (KAR:AVN) ROCE % : 12.19% (As of Sep. 2024)

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What is Avanceon 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. Avanceon's annualized ROCE % for the quarter that ended in Sep. 2024 was 12.19%.

Avanceon ROCE % Historical Data

The historical data trend for Avanceon'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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Avanceon ROCE % Chart

Avanceon Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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25.31

24.64

29.45

14.24

33.94

Avanceon 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															10.23	70.69	4.66	3.40	12.19

Avanceon ROCE % Calculation

Avanceon'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 )
	=	3958.659	/	( ( (18359.195 - 8805.735)	+	(25958.054 - 12181.236) )	/ 2 )
	=	3958.659	/	( (9553.46	+	13776.818)	/ 2 )
	=	3958.659	/	11665.139
	=	33.94 %

Avanceon'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 )
	=	1600.508	/	( ( (23926.958 - 10937.934)	+	(23940 - 10666.869) )	/ 2 )
	=	1600.508	/	( ( 12989.024	+	13273.131 )	/ 2 )
	=	1600.508	/	13131.0775
	=	12.19 %

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

Avanceon (KAR:AVN) 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.

Avanceon ROCE % Related Terms

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Avanceon Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Conglomerates » Avanceon Ltd (KAR:AVN) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

19-KM, Main Multan Road, The Avanceon Building, Lahore, PB, PAK, 54660

Website

https://www.avanceon.ae

Avanceon Ltd provides total engineering solutions. The principal activity of the Company is to provide industrial automation, process control, and systems integration solutions, to trade in products of automation and control equipment, and to provide related technical services. It offers various solutions such as Automation, Project Management, Consulting, The Industrial Internet of Things, Serialization, and others. The company provides its services to various industries such as Food and Beverages, Life Sciences, Consumer Packaged Goods, Metal, and others. The firm's segment includes Core Business, Specialized Business, Engineering and Back Office, After Market Support, Manufacturing and Assembling, and the Middle East and USA.

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