AoFrio (NZSE:AOF) ROCE % : 0.62% (As of Dec. 2023)

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What is AoFrio 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. AoFrio's annualized ROCE % for the quarter that ended in Dec. 2023 was 0.62%.

AoFrio ROCE % Historical Data

The historical data trend for AoFrio'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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AoFrio ROCE % Chart

AoFrio Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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10.52

-8.37

-1.51

-2.58

-5.98

AoFrio Semi-Annual Data
	Jun13	Dec13	Jun14	Dec14	Jun15	Dec15	Dec16	Jun17	Dec17	Jun18	Dec18	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
ROCE %	Get a 7-Day Free Trial															-8.87	-12.56	6.38	-12.46	0.62

AoFrio ROCE % Calculation

AoFrio'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 )
	=	-1.989	/	( ( (63.133 - 30.732)	+	(58.6 - 24.508) )	/ 2 )
	=	-1.989	/	( (32.401	+	34.092)	/ 2 )
	=	-1.989	/	33.2465
	=	-5.98 %

AoFrio's ROCE % of for the quarter that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2023 )		(Q: Jun. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Jun. 2023 )		(Q: Dec. 2023 )
	=	0.214	/	( ( (62.608 - 27.707)	+	(58.6 - 24.508) )	/ 2 )
	=	0.214	/	( ( 34.901	+	34.092 )	/ 2 )
	=	0.214	/	34.4965
	=	0.62 %

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

AoFrio (NZSE:AOF) 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.

AoFrio ROCE % Related Terms

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AoFrio (NZSE:AOF) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » AoFrio Ltd (NZSE:AOF) » Definitions » ROCE %

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Traded in Other Exchanges

N/A

Address

21 Arrenway Drive, Rosedale, Auckland, NTL, NZL, 0632

Website

https://www.aofrio.com

AoFrio Ltd develops Internet of Things (IoT) solutions and manufactures, markets, and sells energy-saving, electronically commutated (EC) motors, connected controllers, and fans. The group is organized into two operating divisions - Motors and IoT. Geographically it is divided into three segments: the Americas, Asia Pacific, & Europe, the Middle East, and Africa, out of which the majority is from America. The Motors segment generates the vast majority of the revenues.

AoFrio (NZSE:AOF) Headlines

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