Atmofizer Technologies (XCNQ:ATMO) ROCE % : 0.00% (As of Dec. 2023)

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What is Atmofizer 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. Atmofizer Technologies's annualized ROCE % for the quarter that ended in Dec. 2023 was 0.00%.

Atmofizer Technologies ROCE % Historical Data

The historical data trend for Atmofizer 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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Atmofizer Technologies ROCE % Chart

Atmofizer Technologies Annual Data

Trend

Sep21

Dec22

Dec23

ROCE %

Atmofizer Technologies Quarterly Data
	Sep20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial							-159.40	-980.71	-	-	-

Atmofizer Technologies ROCE % Calculation

Atmofizer Technologies'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 )
	=	-1.348	/	( ( (1.14 - 2.077)	+	(0.409 - 2.34) )	/ 2 )
	=	-1.348	/	( (-0.937	+	-1.931)	/ 2 )
	=	-1.348	/	-1.434
	=	94.00 %

Atmofizer Technologies'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 )
	=	-0.576	/	( ( (0.759 - 2.548)	+	(0.409 - 2.34) )	/ 2 )
	=	-0.576	/	( ( -1.789	+	-1.931 )	/ 2 )
	=	-0.576	/	-1.86
	=	0 %

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

Atmofizer Technologies (XCNQ:ATMO) 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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Atmofizer Technologies (XCNQ:ATMO) Business Description

Industry

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Traded in Other Exchanges

ATMFF:USA J3KA:Germany

Address

550 Burrard Street, Suite 2300, Bentall 5, Vancouver, BC, CAN, V6C 2B5

Website

https://www.atmofizer.com

Atmofizer Technologies Inc is a clean air and clean water solutions provider that is focused on commercializing its proprietary technology through stand-alone, integrated, and licensed applications across business, consumer, medical and industrial applications. The company's products include wearable, portable, and mobile use for personal air treatment, as well as larger systems to handle higher air volumes for commercial, industrial, institutional, and residential applications.

Atmofizer Technologies (XCNQ:ATMO) Headlines

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