Athanase Innovation AB (OSTO:ATIN) ROCE %: 65.72% (As of Dec. 2020)


OSTO:ATIN Athanase Innovation AB OSTO:ATIN
26 GF Score
Price kr17.80
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What is Athanase Innovation AB ROCE %?

Athanase Innovation AB OSTO:ATIN 26 ROCE % is 65.72% as of Dec. 2020. GuruFocus rates OSTO:ATIN with a GF Score™ of 26/100.

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. Athanase Innovation AB's annualized ROCE % for the quarter that ended in Dec. 2020 was 65.72%.

Athanase Innovation AB  (OSTO:ATIN) 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.

Athanase Innovation AB ROCE % Related Terms

Athanase Innovation AB ROCE % Historical Data

* Premium members only.

The historical data trend for Athanase Innovation AB'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.

Athanase Innovation AB ROCE % Chart

Athanase Innovation AB Annual Data
Trend Jun17 Jun18 Jun19
ROCE %
0.00 2.97 3.21

Athanase Innovation AB Semi-Annual Data
Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20
ROCE % Get a 7-Day Free Trial 3.15 3.34 0.91 5.74 65.72
OSTO:ATIN
26GF Score
Athanase Innovation AB OSTO:ATIN
ROCE % is just one metric. See GF Score™, valuation, warning signs, and more.
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Athanase Innovation AB ROCE % Calculation

Athanase Innovation AB's annualized ROCE % for the fiscal year that ended in Jun. 2019 is calculated as:

ROCE %=EBIT/( (Capital Employed+Capital Employed)/ count )
(A: Jun. 2019 )  (A: Jun. 2018 )(A: Jun. 2019 )
=EBIT/( ( (Total Assets - Total Current Liabilities)+(Total Assets - Total Current Liabilities) )/ count )
(A: Jun. 2019 )  (A: Jun. 2018 )(A: Jun. 2019 )
=22.088/( ( (711.11 - 15.301) + (694.828 - 16.327) )/ 2 )
=22.088/( (695.809+678.501)/ 2 )
=22.088/687.155
=3.21 %

Athanase Innovation AB's ROCE % of for the quarter that ended in Dec. 2020 is calculated as:

ROCE %=EBIT (1)/( (Capital Employed+Capital Employed)/ count )
(Q: Dec. 2020 )  (Q: Jun. 2020 )(Q: Dec. 2020 )
=EBIT/( ( (Total Assets - Total Current Liabilities)+(Total Assets - Total Current Liabilities) )/ count )
(Q: Dec. 2020 )  (Q: Jun. 2020 )(Q: Dec. 2020 )
=347.642/( ( (676.91 - 15.773) + (403.681 - 6.933) )/ 2 )
=347.642/( ( 661.137 + 396.748 )/ 2 )
=347.642/528.9425
=65.72 %

(1) Note: The EBIT data used here is two times the semi-annual (Dec. 2020) EBIT data.

* 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.

Frequently Asked Questions Learn more about ROCE % →
What does a ROCE % of 65.72% mean?
Athanase Innovation AB (OSTO:ATIN) has a ROCE % of 65.72% as of Dec. 2020.
Is Athanase Innovation AB's ROCE % too high?
Athanase Innovation AB's current ROCE % is 65.72%. The Asset Management industry median ROCE % is 4.39. Athanase Innovation AB's value of 65.72% is 1397% above this industry median. Overall, Athanase Innovation AB has a GF Score™ of 26/100, reflecting its overall financial health beyond just this single metric.
How does Athanase Innovation AB's ROCE % compare to EVG and SMM?
Athanase Innovation AB's ROCE % of 65.72% can be compared against companies in the Asset Management industry. The industry median ROCE % is 4.39. Athanase Innovation AB's value of 65.72% is 1397% above this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good ROCE % for an Asset Management company?
The median ROCE % among Asset Management companies is 4.39, based on 707 companies in the industry. Companies in the top quartile (top 25%) have a ROCE % significantly above this median, while those in the bottom quartile fall well below. However, ROCE % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Athanase Innovation AB's current ROCE % of 65.72% is 1397% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high ROCE % mean?
A high ROCE % can signal that a stock is expensive relative to its fundamentals. For the Asset Management industry, the median ROCE % is 4.39 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Athanase Innovation AB's current ROCE % is 65.72%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Athanase Innovation AB stock overvalued right now?
Athanase Innovation AB (OSTO:ATIN) has a current ROCE % of 65.72%. The current ROCE % is 65.72% and 1397% above the Asset Management industry median of 4.39. Athanase Innovation AB's overall GF Score™ is 26/100. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is ROCE % calculated?
ROCE % is calculated from a company's financial statements. For Athanase Innovation AB (OSTO:ATIN), the current ROCE % is 65.72% as of Dec. 2020. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Athanase Innovation AB Business Description

Address Birger Jarlsgatan 6, Sverige, Stockholm, SWE, 114 34
Athanase Innovation AB is an alternative investment firm with exposure to both private and public equity. It invests in innovative companies that benefit from trends such as robotics, digitalization, and automation. The principal revenue stream is initially management fees charged on the external fund capital and investment income of the underlying assets.
26GF Score

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ROCE % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

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