Automatic Systems (XMAU:ASL) ROCE % : -11.89% (As of Jun. 2024)

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What is Automatic Systems 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. Automatic Systems's annualized ROCE % for the quarter that ended in Jun. 2024 was -11.89%.

Automatic Systems ROCE % Historical Data

The historical data trend for Automatic Systems'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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Automatic Systems ROCE % Chart

Automatic Systems Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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43.91

50.88

38.13

34.89

-48.25

Automatic Systems Quarterly Data
	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
ROCE %	Get a 7-Day Free Trial															20.50	-1.67	-183.61	15.98	-11.89

Automatic Systems ROCE % Calculation

Automatic Systems'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 )
	=	-46.666	/	( ( (219.988 - 92.626)	+	(174.091 - 108.036) )	/ 2 )
	=	-46.666	/	( (127.362	+	66.055)	/ 2 )
	=	-46.666	/	96.7085
	=	-48.25 %

Automatic Systems'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: Mar. 2024 )		(Q: Jun. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jun. 2024 )		(Q: Mar. 2024 )		(Q: Jun. 2024 )
	=	-8	/	( ( (163.4 - 94.3)	+	(160.6 - 95.1) )	/ 2 )
	=	-8	/	( ( 69.1	+	65.5 )	/ 2 )
	=	-8	/	67.3
	=	-11.89 %

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

Automatic Systems (XMAU:ASL) 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.

Automatic Systems ROCE % Related Terms

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Automatic Systems Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Automatic Systems Ltd (XMAU:ASL) » Definitions » ROCE %

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Traded in Other Exchanges

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Address

C/o Box Office Ltd, 2nd Floor, Palm Square, La Mivoie, Tamarin, MUS, 90906

Website

https://www.automaticsystemsltd.mu

Automatic Systems Ltd is a Mauritius-based firm. The company is engaged in the operations of a totalizator system of betting on races organized by the Mauritius turf club. The company also organizes fixed-odds betting on foreign football matches. It conducts its activities under the Supertote name for betting on horse racing and under the Superscore name for football betting. It derives key revenue from the Totalisator segment.

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