AtomTrace AS (XPRA:ATOMT) ROCE % : -168.49% (As of Dec. 2022)

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What is AtomTrace AS 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. AtomTrace AS's annualized ROCE % for the quarter that ended in Dec. 2022 was -168.49%.

AtomTrace AS ROCE % Historical Data

The historical data trend for AtomTrace AS'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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AtomTrace AS ROCE % Chart

AtomTrace AS Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

ROCE %

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-119.43

-263.52

-168.49

AtomTrace AS Semi-Annual Data
	Dec17	Dec18	Dec19	Dec20	Dec21	Dec22
ROCE %	Get a 7-Day Free Trial			-119.43	-263.52	-	-	-168.49

AtomTrace AS ROCE % Calculation

AtomTrace AS'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 )
	=	-18.104	/	( ( (9.244 - 9.237)	+	(38.97 - 17.487) )	/ 2 )
	=	-18.104	/	( (0.0069999999999997	+	21.483)	/ 2 )
	=	-18.104	/	10.745
	=	-168.49 %

AtomTrace AS's ROCE % of for the quarter that ended in Dec. 2022 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2022 )		(Q: Dec. 2021 )		(Q: Dec. 2022 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2022 )		(Q: Dec. 2021 )		(Q: Dec. 2022 )
	=	-18.104	/	( ( (9.244 - 9.237)	+	(38.97 - 17.487) )	/ 2 )
	=	-18.104	/	( ( 0.0069999999999997	+	21.483 )	/ 2 )
	=	-18.104	/	10.745
	=	-168.49 %

(1) Note: The EBIT data used here is one times the annual (Dec. 2022) EBIT data.

AtomTrace AS (XPRA:ATOMT) 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.

AtomTrace AS ROCE % Related Terms

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AtomTrace AS (XPRA:ATOMT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » AtomTrace AS (XPRA:ATOMT) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Kolejni 9, Brno, CZE, 612 00

Website

https://www.atomtrace.com

AtomTrace AS provides technology that performs multi-elemental analysis of most of the periodic table elements including those with low atomic weight. Its products comprise LIBS Interaction Chamber, LIBS Sci-Trace, LIBS X-Trace, LIBS Application Setup, LIBS Software-AtomAnalyzer, and Digital Delay Generator.

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