Avant Technologies (Avant Technologies) ROCE % : 0.00% (As of Dec. 2023)

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What is Avant Technologies 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. Avant Technologies's annualized ROCE % for the quarter that ended in Dec. 2023 was 0.00%.

Avant Technologies ROCE % Historical Data

The historical data trend for Avant Technologies'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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Avant Technologies ROCE % Chart

Avant Technologies Annual Data

Trend

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

ROCE %

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Avant Technologies Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
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Avant Technologies ROCE % Calculation

Avant Technologies's annualized ROCE % for the fiscal year that ended in Mar. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Mar. 2023 )		(A: Mar. 2022 )		(A: Mar. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Mar. 2023 )		(A: Mar. 2022 )		(A: Mar. 2023 )
	=	-0.349	/	( ( (0.455 - 0.86)	+	(0.241 - 0.875) )	/ 2 )
	=	-0.349	/	( (-0.405	+	-0.634)	/ 2 )
	=	-0.349	/	-0.5195
	=	67.18 %

Avant Technologies'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 )
	=	-4.056	/	( ( (0.265 - 1.256)	+	(0.291 - 1.692) )	/ 2 )
	=	-4.056	/	( ( -0.991	+	-1.401 )	/ 2 )
	=	-4.056	/	-1.196
	=	0 %

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

Avant Technologies (OTCPK:AVAI) 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.

Avant Technologies ROCE % Related Terms

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Avant Technologies (Avant Technologies) Business Description

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GURUFOCUS.COM » STOCK LIST » Technology » Software » Avant Technologies Inc (OTCPK:AVAI) » Definitions » ROCE %

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Address

C/o Eastbiz.com, Inc, 5348 Vegas Drive, Las Vegas, NV, USA, 89108

Website

https://www.trendinnovationsholding.com

Avant Technologies Inc Formerly Trend Innovations Holding Inc has developed an application for people who value their time and desire to stay up to date. It develops a platform for users who cook at home and want to sell their food on the Internet and home-cooked food lovers. It also provides news applications with feeds from various sources that users can choose and customize. Through its subsidiary, it also provides Information Technology (IT) services.