Advanced Systems Automation (SGX:5TY) ROCE % : -18.30% (As of Jun. 2023)

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What is Advanced Systems Automation 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. Advanced Systems Automation's annualized ROCE % for the quarter that ended in Jun. 2023 was -18.30%.

Advanced Systems Automation ROCE % Historical Data

The historical data trend for Advanced Systems Automation'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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Advanced Systems Automation ROCE % Chart

Advanced Systems Automation Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

ROCE %

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-18.00

-81.32

-174.23

332.14

19.07

Advanced Systems Automation Semi-Annual Data
	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
ROCE %	Get a 7-Day Free Trial															-	-	39.38	-1.58	-18.30

Advanced Systems Automation ROCE % Calculation

Advanced Systems Automation's annualized ROCE % for the fiscal year that ended in Dec. 2022 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2022 )		(A: Dec. 2021 )		(A: Dec. 2022 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2022 )		(A: Dec. 2021 )		(A: Dec. 2022 )
	=	0.748	/	( ( (19.507 - 19.7)	+	(17.68 - 9.643) )	/ 2 )
	=	0.748	/	( (-0.193	+	8.037)	/ 2 )
	=	0.748	/	3.922
	=	19.07 %

Advanced Systems Automation's ROCE % of for the quarter that ended in Jun. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jun. 2023 )		(Q: Dec. 2022 )		(Q: Jun. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jun. 2023 )		(Q: Dec. 2022 )		(Q: Jun. 2023 )
	=	-1.308	/	( ( (17.68 - 9.643)	+	(16.278 - 10.021) )	/ 2 )
	=	-1.308	/	( ( 8.037	+	6.257 )	/ 2 )
	=	-1.308	/	7.147
	=	-18.30 %

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

Advanced Systems Automation (SGX:5TY) 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.

Advanced Systems Automation ROCE % Related Terms

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Advanced Systems Automation (SGX:5TY) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Advanced Systems Automation Ltd (SGX:5TY) » Definitions » ROCE %

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Address

33 Ubi Avenue 3, No. 08-69 Vertex, Singapore, SGP, 408868

Website

https://www.asa.com.sg

Advanced Systems Automation Ltd is engaged in manufacturing automated equipment for the encapsulation of semiconductors. It operates through the segment of Equipment Contract Manufacturing Services through which it generates its revenues. Its products and services cover UV Tape curing technologies, Encapsulation, Wafer processing, Strip mounting, and Detaping.

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