Atlas Technologies (TSE:9563) ROCE % : -7.50% (As of Dec. 2023)

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What is Atlas Technologies 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. Atlas Technologies's annualized ROCE % for the quarter that ended in Dec. 2023 was -7.50%.

Atlas Technologies ROCE % Historical Data

The historical data trend for Atlas Technologies'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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Atlas Technologies ROCE % Chart

Atlas Technologies Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

ROCE %

83.68

91.94

40.91

5.30

Atlas Technologies Quarterly Data
	Dec20	Dec21	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial				29.34	20.88	9.47	-1.53	-7.50

Atlas Technologies ROCE % Calculation

Atlas Technologies'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 )
	=	129.844	/	( ( (2853.949 - 454.056)	+	(2756.688 - 261.309) )	/ 2 )
	=	129.844	/	( (2399.893	+	2495.379)	/ 2 )
	=	129.844	/	2447.636
	=	5.30 %

Atlas Technologies'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: Sep. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	-188.112	/	( ( (2859.829 - 338.749)	+	(2756.688 - 261.309) )	/ 2 )
	=	-188.112	/	( ( 2521.08	+	2495.379 )	/ 2 )
	=	-188.112	/	2508.2295
	=	-7.50 %

(1) Note: The EBIT data used here is four times the quarterly (Dec. 2023) EBIT data.

Atlas Technologies (TSE:9563) 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.

Atlas Technologies ROCE % Related Terms

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Atlas Technologies (TSE:9563) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Atlas Technologies Corp (TSE:9563) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

2-7-3 Hirakawa-cho, Chiyoda-ku, Tokyo, JPN, 102-0093

Website

https://www.atlstech.com

Atlas Technologies Corp is engaged in the planning, development, and operation of Fintech business Consulting/project execution support services in the Fintech area.

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