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Armatura (BSE:ARM) ROCE % : -16.82% (As of Mar. 2024)


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What is Armatura 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. Armatura's annualized ROCE % for the quarter that ended in Mar. 2024 was -16.82%.

Armatura ROCE % Historical Data

The historical data trend for Armatura'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.

Armatura ROCE % Chart

Armatura Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
ROCE %
Get a 7-Day Free Trial Premium Member Only Premium Member Only - - 693.00 -9.49 -6.13

Armatura Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
ROCE % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -9.05 6.48 -11.99 -10.65 -16.82

Armatura ROCE % Calculation

Armatura'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 )
=-0.502/( ( (9.024 - 0.58) + (8.94 - 0.997) )/ 2 )
=-0.502/( (8.444+7.943)/ 2 )
=-0.502/8.1935
=-6.13 %

Armatura'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 )
=-1.348/( ( (8.94 - 0.997) + (8.656 - 0.572) )/ 2 )
=-1.348/( ( 7.943 + 8.084 )/ 2 )
=-1.348/8.0135
=-16.82 %

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

* 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.

Armatura  (BSE:ARM) 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.

Armatura ROCE % Related Terms

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Armatura (BSE:ARM) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Armatura SA (BSE:ARM) » Definitions » ROCE %
Comparable Companies
BSE:ECT BSE:UCM GE XTER:SIE XPAR:SU ETN XKRX:373220 ITW OSTO:ATCO A EMR PH AME OTIS CMI ROK TSE:6273 BSP:WEGE3 SHSE:600406 IR TSE:6954
Traded in Other Exchanges
N/A
Address
19 Garii Street, Cluj-Napoca, ROU, 400267
Website
https://www.armatura.ro
Armatura SA is engaged in the manufacturing of taps and valves. The company develops, manufactures and sells the following products for equipment of installations of gas, water, cooling, heating and air conditioning; and Industrial products, as a supplier for OEM (Original Equipment Manufacturer) clients. It sold its product both in national and international markets.