Astro (WAR:ASR) ROCE % : -33.39% (As of Sep. 2023)

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What is Astro 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. Astro's annualized ROCE % for the quarter that ended in Sep. 2023 was -33.39%.

Astro ROCE % Historical Data

The historical data trend for Astro'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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Astro ROCE % Chart

Astro Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

ROCE %

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1.85

4.71

6.85

-1.40

-67.36

Astro Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
ROCE %	Get a 7-Day Free Trial															-79.89	-56.74	-77.66	-36.88	-33.39

Astro ROCE % Calculation

Astro's annualized ROCE % for the fiscal year that ended in Dec. 2022 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2022 )		(A: Dec. 2021 )		(A: Dec. 2022 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2022 )		(A: Dec. 2021 )		(A: Dec. 2022 )
	=	-5.202	/	( ( (15.339 - 4.639)	+	(13.137 - 8.391) )	/ 2 )
	=	-5.202	/	( (10.7	+	4.746)	/ 2 )
	=	-5.202	/	7.723
	=	-67.36 %

Astro's ROCE % of for the quarter that ended in Sep. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2023 )		(Q: Jun. 2023 )		(Q: Sep. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2023 )		(Q: Jun. 2023 )		(Q: Sep. 2023 )
	=	-2.008	/	( ( (12.32 - 6.255)	+	(12.487 - 6.524) )	/ 2 )
	=	-2.008	/	( ( 6.065	+	5.963 )	/ 2 )
	=	-2.008	/	6.014
	=	-33.39 %

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

Astro (WAR:ASR) 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.

Astro ROCE % Related Terms

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Astro (WAR:ASR) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Astro SA (WAR:ASR) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

ulica In?ynierska 4, Warsaw, POL, 03-422

Website

http://www.astrosa.pl

Astro SA is engaged in the production of television programs for television stations in Poland. The company's television programs include current affairs programs, news talk shows and entertainment programs.