Aton Green Storage SpA (MIL:ATON) ROCE % : -2.87% (As of Jun. 2024)

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What is Aton Green Storage 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. Aton Green Storage SpA's annualized ROCE % for the quarter that ended in Jun. 2024 was -2.87%.

Aton Green Storage SpA ROCE % Historical Data

The historical data trend for Aton Green Storage 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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Aton Green Storage SpA ROCE % Chart

Aton Green Storage SpA Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-8.02

-21.25

30.91

37.69

15.40

Aton Green Storage SpA Semi-Annual Data
	Dec18	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
ROCE %	Get a 7-Day Free Trial						50.80	30.89	21.11	15.71	-2.87

Aton Green Storage SpA ROCE % Calculation

Aton Green Storage SpA'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 )
	=	6.41	/	( ( (47.658 - 12.539)	+	(66.321 - 18.189) )	/ 2 )
	=	6.41	/	( (35.119	+	48.132)	/ 2 )
	=	6.41	/	41.6255
	=	15.40 %

Aton Green Storage SpA's ROCE % of for the quarter that ended in Jun. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jun. 2024 )		(Q: Dec. 2023 )		(Q: Jun. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jun. 2024 )		(Q: Dec. 2023 )		(Q: Jun. 2024 )
	=	-1.322	/	( ( (66.321 - 18.189)	+	(63.18 - 19.18) )	/ 2 )
	=	-1.322	/	( ( 48.132	+	44 )	/ 2 )
	=	-1.322	/	46.066
	=	-2.87 %

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

Aton Green Storage SpA (MIL:ATON) 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.

Aton Green Storage SpA ROCE % Related Terms

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Aton Green Storage SpA Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Aton Green Storage SpA (MIL:ATON) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

6E6:Germany

Address

Via Guido Rossa, 5, Spilamberto, Modena, ITA, 41057

Website

https://www.atonstorage.com

Aton Green Storage SpA is an Italian company in the market for the engineering and production of storage systems for photovoltaic systems - Battery Energy Storage System. Its products include RA. Store-K, RA.Store-3, Zon.IS, G.Store, H.Store, Z.Store for new and existing plants; and Axis.T. for electric vehicle charging.

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