Automax Motors (XTAE:AMX) ROCE % : 13.02% (As of Mar. 2024)

View and export this data going back to 2016. Start your Free Trial

What is Automax Motors 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. Automax Motors's annualized ROCE % for the quarter that ended in Mar. 2024 was 13.02%.

Automax Motors ROCE % Historical Data

The historical data trend for Automax Motors'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.

* Premium members only.

Automax Motors ROCE % Chart

Automax Motors Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

Get a 7-Day Free Trial

80.26

24.60

-126.74

12.53

-1.44

Automax Motors Quarterly Data
	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Jun20	Dec20	Jun21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial															-3.13	5.35	13.17	-11.78	13.02

Automax Motors ROCE % Calculation

Automax Motors'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 )
	=	-4.962	/	( ( (1068.061 - 717.86)	+	(1159.071 - 820.164) )	/ 2 )
	=	-4.962	/	( (350.201	+	338.907)	/ 2 )
	=	-4.962	/	344.554
	=	-1.44 %

Automax Motors's ROCE % of for the quarter that ended in Mar. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	28.144	/	( ( (1159.071 - 820.164)	+	(329.64 - 236.182) )	/ 2 )
	=	28.144	/	( ( 338.907	+	93.458 )	/ 2 )
	=	28.144	/	216.1825
	=	13.02 %

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

Automax Motors (XTAE:AMX) 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.

Automax Motors ROCE % Related Terms

Thank you for viewing the detailed overview of Automax Motors's ROCE % provided by GuruFocus.com. Please click on the following links to see related term pages.