Avingtrans (LSE:AVG) ROCE % : 6.66% (As of Nov. 2024)

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

Avingtrans ROCE % Historical Data

The historical data trend for Avingtrans'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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Avingtrans ROCE % Chart

Avingtrans Annual Data

Trend

May15

May16

May17

May18

May19

May20

May21

May22

May23

May24

ROCE %

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0.72

6.10

6.52

6.96

4.76

Avingtrans Semi-Annual Data
	May15	Nov15	May16	Nov16	May17	Nov17	May18	Nov18	May19	Nov19	May20	Nov20	May21	Nov21	May22	Nov22	May23	Nov23	May24	Nov24
ROCE %	Get a 7-Day Free Trial															6.14	7.66	6.25	3.23	6.66

Avingtrans ROCE % Calculation

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

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: May. 2024 )		(A: May. 2023 )		(A: May. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: May. 2024 )		(A: May. 2023 )		(A: May. 2024 )
	=	6	/	( ( (155.411 - 39.353)	+	(186.339 - 50.099) )	/ 2 )
	=	6	/	( (116.058	+	136.24)	/ 2 )
	=	6	/	126.149
	=	4.76 %

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

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Nov. 2024 )		(Q: May. 2024 )		(Q: Nov. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Nov. 2024 )		(Q: May. 2024 )		(Q: Nov. 2024 )
	=	9.172	/	( ( (186.339 - 50.099)	+	(196.609 - 57.595) )	/ 2 )
	=	9.172	/	( ( 136.24	+	139.014 )	/ 2 )
	=	9.172	/	137.627
	=	6.66 %

(1) Note: The EBIT data used here is two times the semi-annual (Nov. 2024) EBIT data.

Avingtrans (LSE:AVG) 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.

Avingtrans ROCE % Related Terms

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Avingtrans Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Avingtrans PLC (LSE:AVG) » Definitions » ROCE %

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DZR:Germany

Address

Chatteris Business Park, Chatteris, Cambridgeshire, GBR, PE16 6SA

Website

https://www.avingtrans.plc.uk

Avingtrans PLC designs, manufactures, and supplies original equipment, systems, and associated aftermarket services to the energy, medical, and industrial markets around the world. The company is divided into the following segments Energy-AES and Medical-MII. The majority of its revenue is generated from the Energy-AES segment which which designs, manufactures, and services performance-critical electric motors and pumps for the energy industry. This segment also offers products like gas compressors, pressure vessels, blast doors, and containers. The Medical-MII segment designs and manufactures equipment for the medical, science, and research communities. Geographically, it derives key revenue from the United Kingdom, and the rest from China, Africa, the Middle East, and other regions.