Accsys Technologies (XAMS:AXS) ROCE % : -12.98% (As of Sep. 2023)

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What is Accsys 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. Accsys Technologies's annualized ROCE % for the quarter that ended in Sep. 2023 was -12.98%.

Accsys Technologies ROCE % Historical Data

The historical data trend for Accsys 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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Accsys Technologies ROCE % Chart

Accsys Technologies Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

ROCE %

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-2.94

3.25

1.86

2.08

-31.09

Accsys Technologies Semi-Annual Data
	Mar14	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
ROCE %	Get a 7-Day Free Trial															2.39	1.75	-51.69	-9.99	-12.98

Accsys Technologies ROCE % Calculation

Accsys 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 )
	=	-64.281	/	( ( (275.14 - 45.742)	+	(226.518 - 42.458) )	/ 2 )
	=	-64.281	/	( (229.398	+	184.06)	/ 2 )
	=	-64.281	/	206.729
	=	-31.09 %

Accsys Technologies'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: Mar. 2023 )		(Q: Sep. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2023 )		(Q: Mar. 2023 )		(Q: Sep. 2023 )
	=	-22.924	/	( ( (226.518 - 42.458)	+	(207.534 - 38.354) )	/ 2 )
	=	-22.924	/	( ( 184.06	+	169.18 )	/ 2 )
	=	-22.924	/	176.62
	=	-12.98 %

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

Accsys Technologies (XAMS:AXS) 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.

Accsys Technologies ROCE % Related Terms

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Accsys Technologies (XAMS:AXS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Forest Products » Accsys Technologies PLC (XAMS:AXS) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

ACSYF:USA AXSa:UK AXS.GB:UK AXS:UK 1D8:Germany

Address

3 Moorgate Place, 4th floor, London, GBR, EC2R 6EA

Website

https://www.accsysplc.com

Accsys Technologies PLC is a chemical technology company focused on acetylation of wood. It is engaged in the development, commercialisation, and licensing of the associated proprietary technologies. Its product includes Accoya and Tricoya wood. The company offers Accoya wood for use in external doors, cladding/siding, decking, structural and civil engineering projects and Tricoya wood elements are used in window and door components, door skins, wet interiors, and wall linings. It generates maximum revenue through the sale of Accoya Woods. The maximum geographical areas of customers are from the UK and Ireland region.