Altech Advanced Materials AG (FRA:AMA) ROCE % : -12.09% (As of Dec. 2023)

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What is Altech Advanced Materials AG 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. Altech Advanced Materials AG's annualized ROCE % for the quarter that ended in Dec. 2023 was -12.09%.

Altech Advanced Materials AG ROCE % Historical Data

The historical data trend for Altech Advanced Materials AG'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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Altech Advanced Materials AG ROCE % Chart

Altech Advanced Materials AG Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-33.85

-16.87

-10.41

-22.55

-18.49

Altech Advanced Materials AG Semi-Annual Data
	Jun13	Dec13	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
ROCE %	Get a 7-Day Free Trial															-9.51	-8.01	-35.11	-40.00	-12.09

Altech Advanced Materials AG ROCE % Calculation

Altech Advanced Materials AG'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 )
	=	-1.403	/	( ( (8.039 - 4.762)	+	(11.933 - 0.038) )	/ 2 )
	=	-1.403	/	( (3.277	+	11.895)	/ 2 )
	=	-1.403	/	7.586
	=	-18.49 %

Altech Advanced Materials AG's ROCE % of for the quarter that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2023 )		(Q: Jun. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Jun. 2023 )		(Q: Dec. 2023 )
	=	-1.052	/	( ( (9.06 - 3.556)	+	(11.933 - 0.038) )	/ 2 )
	=	-1.052	/	( ( 5.504	+	11.895 )	/ 2 )
	=	-1.052	/	8.6995
	=	-12.09 %

(1) Note: The EBIT data used here is two times the semi-annual (Dec. 2023) EBIT data.

Altech Advanced Materials AG (FRA:AMA) 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.

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Altech Advanced Materials AG (FRA:AMA) Business Description

Industry

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AMA:Germany

Address

Ziegelhauser Landstrasse 3, Heidelberg, BW, DEU, 69120

Website

https://www.altechadvancedmaterials.com

Altech Advanced Materials AG is an investment company that makes investments in corporations and partnerships that represent a good opportunity/risk ratio, particularly in the business areas of raw material extraction and processing, chemistry, manufacture of all types of packaging and paper products, as well as their distribution. The aim of the company, together with its cooperation partner Altech Batteries Limited, is to enter the market for lithium-ion batteries for electromobility with innovative and high-performance anode material based on high-purity aluminum oxide ("HPA) - Silumina Anodes - as well as in the area of solid-state batteries for stationary battery use with - CERENERGY - to participate.

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