AirBoss of America (TSX:BOS) ROCE % : 1.92% (As of Sep. 2024)

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What is AirBoss of America 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. AirBoss of America's annualized ROCE % for the quarter that ended in Sep. 2024 was 1.92%.

AirBoss of America ROCE % Historical Data

The historical data trend for AirBoss of America'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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AirBoss of America ROCE % Chart

AirBoss of America Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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9.40

34.97

19.57

-10.41

-10.50

AirBoss of America Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
ROCE %	Get a 7-Day Free Trial															-1.43	-48.06	-1.55	-9.27	1.92

AirBoss of America ROCE % Calculation

AirBoss of America'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 )
	=	-44.973	/	( ( (598.781 - 122.594)	+	(478.49 - 97.813) )	/ 2 )
	=	-44.973	/	( (476.187	+	380.677)	/ 2 )
	=	-44.973	/	428.432
	=	-10.50 %

AirBoss of America's ROCE % of for the quarter that ended in Sep. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2024 )		(Q: Jun. 2024 )		(Q: Sep. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2024 )		(Q: Jun. 2024 )		(Q: Sep. 2024 )
	=	6.72	/	( ( (458.369 - 103.548)	+	(444.274 - 97.637) )	/ 2 )
	=	6.72	/	( ( 354.821	+	346.637 )	/ 2 )
	=	6.72	/	350.729
	=	1.92 %

(1) Note: The EBIT data used here is four times the quarterly (Sep. 2024) EBIT data.

AirBoss of America (TSX:BOS) 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.

AirBoss of America ROCE % Related Terms

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AirBoss of America Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » AirBoss of America Corp (TSX:BOS) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

ABSSF:USA

Address

16441 Yonge Street, Newmarket, ON, CAN, L3X 2G8

Website

https://www.airboss.com

AirBoss of America Corp is a Canada-based manufacturer of rubber-based products for the resource, military, automotive, and industrial markets. It operates in three segments, 1) The AirBoss Rubber Solutions includes the manufacturing and distribution of rubber compounds and distribution of rubber compounding-related chemicals. 2) The AirBoss Manufactured Products include the manufacture and distribution of anti-noise, vibration, and harshness dampening parts and personal protection and safety products, primarily for CBRN-E threats. 3) The Unallocated Corporate Costs Include corporate activities and certain unallocated costs. The Company operates manufacturing facilities and sales offices in the United States and Canada, selling in North American markets.

Executives

Peter Grenville Schoch	10% Security Holder, Director
Matthew Boccia	Senior Officer
Stephen Michael Ryan	Director
Edward Kiell	Senior Officer
Andrew Lowe	Senior Officer
Carl David Chapman	Senior Officer
Mary Matthews	Director
Michael James Ciarroni	Senior Officer
James Gordon Flatt	10% Security Holder
L.l.c. Sentinel Capital Partners	10% Security Holder
Alan Jd Watson	Director
Yvan Ambeault	Subsidiary
Mike Willetts	Senior Officer
Carlos Alberto Amorim Motta	Senior Officer
Morris Eddy	Senior Officer

AirBoss of America Headlines

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