Astra Energy (STU:5OF) ROCE % : -20.75% (As of Feb. 2024)

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What is Astra Energy 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. Astra Energy's annualized ROCE % for the quarter that ended in Feb. 2024 was -20.75%.

Astra Energy ROCE % Historical Data

The historical data trend for Astra Energy'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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Astra Energy ROCE % Chart

Astra Energy Annual Data

Trend

Sep05

Aug06

Aug07

Aug08

Aug09

Aug21

Aug22

Aug23

ROCE %

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-62.96

21.06

-72.71

-324.24

Astra Energy Quarterly Data
	Aug08	Nov08	Feb09	May09	Aug09	Nov09	Feb10	May10	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
ROCE %	Get a 7-Day Free Trial															-11.37	-2.70	-200.41	-17.58	-20.75

Astra Energy ROCE % Calculation

Astra Energy's annualized ROCE % for the fiscal year that ended in Aug. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Aug. 2023 )		(A: Aug. 2022 )		(A: Aug. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Aug. 2023 )		(A: Aug. 2022 )		(A: Aug. 2023 )
	=	-9.489	/	( ( (0.388 - 0.441)	+	(6.939 - 1.033) )	/ 2 )
	=	-9.489	/	( (-0.053	+	5.906)	/ 2 )
	=	-9.489	/	2.9265
	=	-324.24 %

Astra Energy's ROCE % of for the quarter that ended in Feb. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Feb. 2024 )		(Q: Nov. 2023 )		(Q: Feb. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Feb. 2024 )		(Q: Nov. 2023 )		(Q: Feb. 2024 )
	=	-1.456	/	( ( (8.54 - 1.292)	+	(8.417 - 1.632) )	/ 2 )
	=	-1.456	/	( ( 7.248	+	6.785 )	/ 2 )
	=	-1.456	/	7.0165
	=	-20.75 %

(1) Note: The EBIT data used here is four times the quarterly (Feb. 2024) EBIT data.

Astra Energy (STU:5OF) 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.

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Astra Energy (STU:5OF) Business Description

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ASRE:USA

Address

9565 Waples Street, Suite 200, San Diego, CA, USA, 92121

Website

https://www.astraenergyinc.com

Astra Energy Inc is engaged in waste management industry and the electricity and power generation sectors with a focus on energy production from solar, waste conversion and clean burning fuels. The company invests in and develops renewable and clean energy projects in markets where demand is high, supply is limited and there is an opportunity to address other imminent market needs, while also cultivating a portfolio of intellectual property and licenses for renewable energy technology and generating projects to deploy that technology. Its projects include Zanzibar Clean and Renewable Energy Park, 350 Megawatt Combined Cycle Power Plant and others.

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