The business behind the dividend
| Measure | AATC | Median | Formula |
|---|---|---|---|
| Return on equity | 11.6% | 10.6% | Net income ÷ shareholders’ equity |
| Return on capital employed | 10.6% | 10.0% | Operating income ÷ (equity + total debt) |
| Owner earnings | $356.00k | $120.90m | Net income + depreciation & amortisation − capital expenditure |
| Free cash flow | $475.00k | $155.08m | Operating cash flow − capital expenditure |
| Operating margin | 17.2% | 14.3% | Operating income ÷ revenue |
| Net margin | 17.3% | 10.1% | Net income ÷ revenue |
| Debt to equity | 0.08x | 0.73x | Total debt ÷ shareholders’ equity |
| Interest cover | — | — | Operating income ÷ interest expense |
| Current ratio | 13.77x | 1.55x | Current assets ÷ current liabilities |
| Long-term debt to working capital | 0.15x | 1.88x | Long-term debt ÷ (current assets − current liabilities) |
| Cash conversion | 1.12x | 1.66x | Operating cash flow ÷ net income |
| Accruals | -1.2% | -3.1% | (Net income − operating cash flow) ÷ total assets |
Not computed here: Interest cover — why a blank is not a zero.
Ten years of it
The same measures, for every year the filings support. One year is a fact; a row is a business.
| Measure | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | Median |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Return on equity | 11.6% | 5.5% | 39.0% | 17.5% | 24.0% | 11.1% | -57.5% | -116.6% | -85.9% | -9.9% | 5.5% |
| Return on capital employed | 10.6% | 3.0% | 10.2% | — | — | — | — | — | — | — | 10.2% |
| Operating margin | 17.2% | 4.6% | 12.4% | 12.7% | 14.6% | 4.9% | 2.5% | -12.4% | -37.5% | -14.3% | 4.6% |
| Net margin | 17.3% | 8.1% | 47.5% | 12.8% | 14.3% | 4.9% | -20.4% | -53.5% | -80.1% | -13.4% | 4.9% |
| Debt to equity | 0.08x | 0.03x | 0.00x | — | — | — | — | — | — | — | 0.03x |
| Current ratio | 13.77x | 8.23x | 7.71x | 3.43x | 2.86x | 2.50x | 1.90x | 1.45x | 2.95x | 6.31x | 2.95x |
| Cash conversion | 1.12x | 2.41x | 0.32x | 0.89x | 1.42x | 0.65x | — | — | — | — | 0.89x |
How it compares in industrials
Among the 289 industrials companies here measured on free cash flow, Autoscope Technologies pays out less than 0 of them. The median for that group is 24.4%, against this company’s 406.7%.
Closest on free cash flow
- Concrete Pumping Holdings (BBCP) 303.1%
- Wesco International (WCC) 350.8%
- International Seaways (INSW) 365.4%
- Park Ohio Holdings (PKOH) 390.0%
Same sector and same denominator, so the figures are comparable. All 348 in industrials →