Azorean-Aquatic Technologies (XPAR:MLAAT) ROCE % : -2.45% (As of Dec. 2019)

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What is Azorean-Aquatic 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. Azorean-Aquatic Technologies's annualized ROCE % for the quarter that ended in Dec. 2019 was -2.45%.

Azorean-Aquatic Technologies ROCE % Historical Data

The historical data trend for Azorean-Aquatic 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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Azorean-Aquatic Technologies ROCE % Chart

Azorean-Aquatic Technologies Annual Data

Trend

Dec18

Dec19

ROCE %

-2.12

-2.45

Azorean-Aquatic Technologies Semi-Annual Data
	Dec18	Dec19
ROCE %	-2.12	-2.45

Azorean-Aquatic Technologies ROCE % Calculation

Azorean-Aquatic Technologies's annualized ROCE % for the fiscal year that ended in Dec. 2019 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2019 )		(A: Dec. 2018 )		(A: Dec. 2019 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2019 )		(A: Dec. 2018 )		(A: Dec. 2019 )
	=	-0.007	/	( ( (0.459 - 0.176)	+	(0.465 - 0.176) )	/ 2 )
	=	-0.007	/	( (0.283	+	0.289)	/ 2 )
	=	-0.007	/	0.286
	=	-2.45 %

Azorean-Aquatic Technologies's ROCE % of for the quarter that ended in Dec. 2019 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2019 )		(Q: Dec. 2018 )		(Q: Dec. 2019 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2019 )		(Q: Dec. 2018 )		(Q: Dec. 2019 )
	=	-0.007	/	( ( (0.459 - 0.176)	+	(0.465 - 0.176) )	/ 2 )
	=	-0.007	/	( ( 0.283	+	0.289 )	/ 2 )
	=	-0.007	/	0.286
	=	-2.45 %

(1) Note: The EBIT data used here is one times the annual (Dec. 2019) EBIT data.

Azorean-Aquatic Technologies (XPAR:MLAAT) 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.

Azorean-Aquatic Technologies ROCE % Related Terms

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Azorean-Aquatic Technologies (XPAR:MLAAT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Azorean-Aquatic Technologies SA (XPAR:MLAAT) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Rua da Pranchinha N 92, Ponta Delgada, PRT, 9500-331

Website

https://www.azorean.eu

Azorean-Aquatic Technologies SA provides solutions to produce instruments and autonomous robots for different market segments from leisure to business and scientific exploration. Its product includes Ziphius, an aquatic civilian drone for the general public, controlled by Wi-Fi via smartphone or tablet PC, able to move at a speed of up to 10 kph and capable of taking and sharing photos and videos.

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