Astivita (ASX:AIR) ROCE % : -23.24% (As of Dec. 2021)

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What is Astivita 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. Astivita's annualized ROCE % for the quarter that ended in Dec. 2021 was -23.24%.

Astivita ROCE % Historical Data

The historical data trend for Astivita'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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Astivita ROCE % Chart

Astivita Annual Data

Trend

Jun12

Jun13

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

ROCE %

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-14.02

-11.28

-7.17

-40.75

-9.02

Astivita Semi-Annual Data
	Jun12	Dec12	Jun13	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21
ROCE %	Get a 7-Day Free Trial															-51.28	-50.14	-17.89	-3.56	-23.24

Astivita ROCE % Calculation

Astivita's annualized ROCE % for the fiscal year that ended in Jun. 2021 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Jun. 2021 )		(A: Jun. 2020 )		(A: Jun. 2021 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Jun. 2021 )		(A: Jun. 2020 )		(A: Jun. 2021 )
	=	-0.557	/	( ( (5.82 - 0.969)	+	(8.232 - 0.739) )	/ 2 )
	=	-0.557	/	( (4.851	+	7.493)	/ 2 )
	=	-0.557	/	6.172
	=	-9.02 %

Astivita's ROCE % of for the quarter that ended in Dec. 2021 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2021 )		(Q: Jun. 2021 )		(Q: Dec. 2021 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2021 )		(Q: Jun. 2021 )		(Q: Dec. 2021 )
	=	-1.884	/	( ( (8.232 - 0.739)	+	(9.501 - 0.78) )	/ 2 )
	=	-1.884	/	( ( 7.493	+	8.721 )	/ 2 )
	=	-1.884	/	8.107
	=	-23.24 %

(1) Note: The EBIT data used here is two times the semi-annual (Dec. 2021) EBIT data.

Astivita (ASX:AIR) 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.

Astivita ROCE % Related Terms

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Astivita (ASX:AIR) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Furnishings, Fixtures & Appliances » Astivita Ltd (ASX:AIR) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

243 Milton Road, Milton, QLD, AUS, 4064

Website

https://www.astiv.com.au

Astivita Ltd is engaged importing and distributing kitchen appliances, sanitary ware, and bathroom products into Australian market. The products of the company include appliances, basins, mirrors, tapware, toilet suites, vanity suites, and solar hot water.