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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. Amphastar Pharmaceuticals's annualized ROCE % for the quarter that ended in Dec. 2023 was 15.79%.
The historical data trend for Amphastar Pharmaceuticals'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.
Amphastar Pharmaceuticals Annual Data | |||||||||||||||||||||
Trend | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | |||||||||||
ROCE % | Get a 7-Day Free Trial | 13.36 | 0.99 | 15.65 | 19.41 | 20.52 |
Amphastar Pharmaceuticals Quarterly Data | ||||||||||||||||||||
Mar19 | Jun19 | Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | |
ROCE % | Get a 7-Day Free Trial | 26.29 | 20.66 | 16.23 | 25.63 | 15.79 |
Amphastar Pharmaceuticals'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 ) | |||||
= | 198.517 | / | ( ( (741.987 - 94.862) | + | (1512.912 - 225.407) ) | / 2 ) | |
= | 198.517 | / | ( (647.125 | + | 1287.505) | / 2 ) | |
= | 198.517 | / | 967.315 | ||||
= | 20.52 % |
Amphastar Pharmaceuticals'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: Sep. 2023 ) | (Q: Dec. 2023 ) | |||||
= | EBIT | / | ( ( (Total Assets - Total Current Liabilities) | + | (Total Assets - Total Current Liabilities) ) | / count ) | |
(Q: Dec. 2023 ) | (Q: Sep. 2023 ) | (Q: Dec. 2023 ) | |||||
= | 203.204 | / | ( ( (1544.633 - 257.963) | + | (1512.912 - 225.407) ) | / 2 ) | |
= | 203.204 | / | ( ( 1286.67 | + | 1287.505 ) | / 2 ) | |
= | 203.204 | / | 1287.0875 | ||||
= | 15.79 % |
(1) Note: The EBIT data used here is four times the quarterly (Dec. 2023) EBIT data.
* 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.
Amphastar Pharmaceuticals (NAS:AMPH) 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.
Thank you for viewing the detailed overview of Amphastar Pharmaceuticals's ROCE % provided by GuruFocus.com. Please click on the following links to see related term pages.
Mary Z. Luo | director, 10 percent owner, officer: COO and Chief Scientist | 11570 6TH STREET, RANCHO CUCAMONGA CA 91730 |
Floyd F. Petersen | director | 11570 6TH STREET, RANCHO CUCAMONGA CA 91730 |
Rong Zhou | officer: EVP, Production | C/O AMPHASTAR PHARMACEUTICALS INC., 11570 SIXTH STREET, RANCHO CUCAMONGA CA 91730 |
Richard K Prins | director | |
William J Peters | officer: CFO, SVP & Treasurer | C/O AMPHASTAR PHARMACEUTICALS, INC., 11570 6TH STREET, RANCHO CUCAMONGA CA 91730 |
Yakob Liawatidewi | officer: SVP Corp Admin Center | C/O AMPHASTAR PHARMACEUTICALS INC, 11570 SIXTH STREET, RANCHO CUCAMONGA CA 91730 |
Michael A Zasloff | director | |
Gayle Deflin | director | 11570 6TH STREET, RANCHO CUCAMONGA CA 91730 |
Diane G. Gerst | officer: EVP, QA & Regulatory Affairs | 11570 6TH STREET, RANCHO CUCAMONGA CA 91730 |
Howard Lee | director | 13F-2, NO. 36, LANE 48, SECTION 3, NAN-JING EAST ROAD, TAIPEI, TAIWAN F4 00000 |
Jack Y. Zhang | director, 10 percent owner, officer: CEO & Chief Scientific Officer | 11570 6TH STREET, RANCHO CUCAMONGA CA 91730 |
David Maris | director | C/O AMPHASTAR PHARMACEUTICALS, INC., 11570 6TH STREET, RANCHO CUCAMONGA CA 91730 |
Richard Koo | director | 11570 6TH STREET, RANCHO CUCAMONGA CA 91730 |
Jason B. Shandell | director, officer: President | 11570 6TH STREET, RANCHO CUCAMONGA CA 91730 |
Applied Physics & Chemistry Laboratories, Inc. | 10 percent owner | 13760 MAGNOLIA AVENUE, CHINO CA 91710 |
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