Avon Protection (STU:1OK) ROCE % : 1.81% (As of Mar. 2024)

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What is Avon Protection 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. Avon Protection's annualized ROCE % for the quarter that ended in Mar. 2024 was 1.81%.

Avon Protection ROCE % Historical Data

The historical data trend for Avon Protection'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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Avon Protection ROCE % Chart

Avon Protection Annual Data

Trend

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

ROCE %

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7.16

3.10

-8.41

3.52

-4.05

Avon Protection Semi-Annual Data
	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23	Mar24
ROCE %	Get a 7-Day Free Trial															-6.67	14.37	2.33	-10.49	1.81

Avon Protection ROCE % Calculation

Avon Protection'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 )
	=	-11.994	/	( ( (351.48 - 47.571)	+	(326.17 - 37.48) )	/ 2 )
	=	-11.994	/	( (303.909	+	288.69)	/ 2 )
	=	-11.994	/	296.2995
	=	-4.05 %

Avon Protection'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 )
	=	4.968	/	( ( (326.17 - 37.48)	+	(301.576 - 41.86) )	/ 2 )
	=	4.968	/	( ( 288.69	+	259.716 )	/ 2 )
	=	4.968	/	274.203
	=	1.81 %

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

Avon Protection (STU:1OK) 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.

Avon Protection ROCE % Related Terms

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Avon Protection (STU:1OK) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Aerospace & Defense » Avon Protection PLC (STU:1OK) » Definitions » ROCE %

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AVNBF:USA AVONl:UK AVON.GB:UK AVON:UK

Address

Semington Road, Hampton Park West, Melksham, Wiltshire, GBR, SN12 6NB

Website

https://www.avon-protection-plc.com

Avon Protection PLC is engaged in providing technology that designs and produces life-critical personal protection systems to maximize the performance and capabilities of its customers. The company's portfolio of life-critical protection solutions includes full-face respirators, ballistic helmets, escape hoods, SCBA systems, modular PAPR units, thermal imaging cameras, and underwater equipment for the world's militaries and first responders. The company has two operating and reportable segments, these being Respiratory Protection; which is the key revenue generating segment and the Head Protection. Geographically, the revenue is generated from United States which is the key revenue generating market and Europe.

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