Auction Technology Group (LSE:ATG) ROCE % : 2.55% (As of Mar. 2024)

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What is Auction Technology Group 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. Auction Technology Group's annualized ROCE % for the quarter that ended in Mar. 2024 was 2.55%.

Auction Technology Group ROCE % Historical Data

The historical data trend for Auction Technology Group'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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Auction Technology Group ROCE % Chart

Auction Technology Group Annual Data

Trend

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

ROCE %

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-16.26

-8.41

-2.60

2.45

2.50

Auction Technology Group Semi-Annual Data
	Sep18	Sep19	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23	Mar24
ROCE %	Get a 7-Day Free Trial					2.16	2.72	1.86	3.24	2.55

Auction Technology Group ROCE % Calculation

Auction Technology Group's annualized ROCE % for the fiscal year that ended in Sep. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Sep. 2023 )		(A: Sep. 2022 )		(A: Sep. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Sep. 2023 )		(A: Sep. 2022 )		(A: Sep. 2023 )
	=	17.986	/	( ( (806.955 - 50.984)	+	(726.039 - 42.965) )	/ 2 )
	=	17.986	/	( (755.971	+	683.074)	/ 2 )
	=	17.986	/	719.5225
	=	2.50 %

Auction Technology Group'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: Sep. 2023 )		(Q: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2024 )		(Q: Sep. 2023 )		(Q: Mar. 2024 )
	=	19.31	/	( ( (726.039 - 42.965)	+	(871.524 - 39.381) )	/ 2 )
	=	19.31	/	( ( 683.074	+	832.143 )	/ 2 )
	=	19.31	/	757.6085
	=	2.55 %

(1) Note: The EBIT data used here is two times the semi-annual (Mar. 2024) EBIT data.

Auction Technology Group (LSE:ATG) 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.

Auction Technology Group ROCE % Related Terms

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Auction Technology Group (LSE:ATG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Auction Technology Group PLC (LSE:ATG) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

ATHGF:USA ATGl:UK 684:Germany

Address

65 Southwark Street, The Harlequin Building, London, GBR, SE1 0HR

Website

https://www.auctiontechnologygroup.com

Auction Technology Group PLC is engaged in the provision of auction technology software and related services to auction houses and other customers. Its goal is to simplify and integrate multiple parts of the online auction process, from the cataloguing of items to marketing, auction hosting, bidding and recent payment solutions. The group has four segments namely Arts and Antiques, Industrial and Commercial, Auction services, and Content. The majority of revenue is generated from Art & Antiques segment. Geographically the company serves the United Kingdom, Germany, and USA, where the majority of revenue is generated from USA.

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