Aterian (LSE:ATN) ROCE % : -9.64% (As of Dec. 2023)

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What is Aterian 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. Aterian's annualized ROCE % for the quarter that ended in Dec. 2023 was -9.64%.

Aterian ROCE % Historical Data

The historical data trend for Aterian'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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Aterian ROCE % Chart

Aterian Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

-24.20

-8.08

-37.93

-123.67

-29.16

Aterian Semi-Annual Data
	Dec19	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
ROCE %	Get a 7-Day Free Trial			-61.88	-12.79	-236.68	-50.89	-9.64

Aterian ROCE % Calculation

Aterian'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 )
	=	-1.008	/	( ( (4.091 - 0.595)	+	(4.211 - 0.793) )	/ 2 )
	=	-1.008	/	( (3.496	+	3.418)	/ 2 )
	=	-1.008	/	3.457
	=	-29.16 %

Aterian'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: Jun. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Jun. 2023 )		(Q: Dec. 2023 )
	=	-0.318	/	( ( (3.815 - 0.638)	+	(4.211 - 0.793) )	/ 2 )
	=	-0.318	/	( ( 3.177	+	3.418 )	/ 2 )
	=	-0.318	/	3.2975
	=	-9.64 %

(1) Note: The EBIT data used here is two times the semi-annual (Dec. 2023) EBIT data.

Aterian (LSE:ATN) 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.

Aterian ROCE % Related Terms

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Aterian (LSE:ATN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Aterian plc (LSE:ATN) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

27-28 Eastcastle Street, Eastcastle House, London, GBR, W1W 8DH

Website

https://www.aterianplc.com

Aterian plc is an exploration and development company with a diversified portfolio in Africa of critical and strategic metals projects. It is actively seeking to acquire and develop new critical and strategic metal resources to strengthen its existing asset base, whilst supporting ethical and sustainable supply chains.

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