Ameritek Ventures (Ameritek Ventures) ROCE % : 19.72% (As of Dec. 2023)

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What is Ameritek Ventures 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. Ameritek Ventures's annualized ROCE % for the quarter that ended in Dec. 2023 was 19.72%.

Ameritek Ventures ROCE % Historical Data

The historical data trend for Ameritek Ventures'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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Ameritek Ventures ROCE % Chart

Ameritek Ventures Annual Data

Trend

May11

May12

May13

May14

May15

May16

May17

May18

Dec22

Dec23

ROCE %

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-31.40

43.84

6.13

Ameritek Ventures Quarterly Data
	May16	Aug16	Nov16	Feb17	May17	Aug17	Nov17	Feb18	May18	Aug18	Nov18	Feb19	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial															38.73	6.37	-0.21	-0.22	19.72

Ameritek Ventures ROCE % Calculation

Ameritek Ventures'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 )
	=	0.127	/	( ( (4.08 - 2.025)	+	(3.795 - 1.706) )	/ 2 )
	=	0.127	/	( (2.055	+	2.089)	/ 2 )
	=	0.127	/	2.072
	=	6.13 %

Ameritek Ventures'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 )
	=	0.384	/	( ( (3.715 - 1.91)	+	(3.795 - 1.706) )	/ 2 )
	=	0.384	/	( ( 1.805	+	2.089 )	/ 2 )
	=	0.384	/	1.947
	=	19.72 %

(1) Note: The EBIT data used here is four times the quarterly (Dec. 2023) EBIT data.

Ameritek Ventures (OTCPK:ATVK) 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.

Ameritek Ventures ROCE % Related Terms

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Ameritek Ventures (Ameritek Ventures) Business Description

Industry

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Comparable Companies

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N/A

Address

401 Ryland Street, Suite 200A, Reno, NV, USA, 89502

Website

https://www.ameritekventures.com

Ameritek Ventures manufactures machinery that is used to manufacture optical fiber preforms. These preforms are then used to produce commercial grade optical fiber. The company's products can be used in the telecommunication industry. Ameritek's equipment provides the preforms that can be used to manufacture fiber optic cables.

Executives

Shaun Passley

officer: Chairman, CEO and CFO

201 W. LAKE ST. 135, CH IL 60606

Ameritek Ventures (Ameritek Ventures) Headlines

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