Aztec International (WAR:AZC) ROCE % : 4.27% (As of Dec. 2023)

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What is Aztec International 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. Aztec International's annualized ROCE % for the quarter that ended in Dec. 2023 was 4.27%.

Aztec International ROCE % Historical Data

The historical data trend for Aztec International'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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Aztec International ROCE % Chart

Aztec International Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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3.71

9.07

19.58

5.07

-0.61

Aztec International Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial															-0.40	-6.78	-5.21	5.71	4.27

Aztec International ROCE % Calculation

Aztec International'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 )
	=	-0.131	/	( ( (30.248 - 8.102)	+	(25.87 - 5.406) )	/ 2 )
	=	-0.131	/	( (22.146	+	20.464)	/ 2 )
	=	-0.131	/	21.305
	=	-0.61 %

Aztec International'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 )
	=	0.88	/	( ( (29.943 - 9.222)	+	(25.87 - 5.406) )	/ 2 )
	=	0.88	/	( ( 20.721	+	20.464 )	/ 2 )
	=	0.88	/	20.5925
	=	4.27 %

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

Aztec International (WAR:AZC) 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.

Aztec International ROCE % Related Terms

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Aztec International (WAR:AZC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Aztec International SA (WAR:AZC) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

ulica Bu?garska 63/65, Poznan, POL, 60-320

Website

http://www.aztec-international.eu

Aztec International SA is a supplier to the European market of wide range powder painted screws, Master Seal washers, Master Flash roof/pipe flashing and Master Plug fastening systems. The company's products include Saddle Washer, Screws, Master Seal - bonded washer, Rubber Plug, Rivets, Anchors, Master Tools, Master Coat and Solar Energy.

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