“Deployment of ATMs at different locations such as Onsite, Offsite, Worksite and the accessibility to Mobile ATMs have facilitated 24*7 availability of banking services to the customers that creates an avenue for promotional activities to the banks concerned. Brown label ATM, allows the banks to focus on their core business, as the hardware and its lease is owned by third party vendors, and the cash management & network connectivity is owned by the bank, eventually reducing the operational cost of the ATM’s.”
Global ATM Market – Size, Industry Analysis, Trends, Opportunities, Growth and Forecast, 2013-2020, the global ATM market would reach $21.9 billion by 2020, registering a CAGR of 7.6% during the forecast period 2014-2020. The integration of wireless communicating devices (smart phones) with ATM machines reduces ATM frauds that arise due to card skimming, a factor that prominently drives the adoption of Smart ATMs which is consequentially spurring the global ATM market. The North American region accounted for ~68,000 million of ATM transactions in 2013, which clearly shows the widespread adoption of ATM services in the developed regions. Unlike developed countries, the ATM market in Asia Pacific is in its developing phase. China, for instance, has tripled its ATM installations from 130,000 in 2007 to 339,000 in 2011.
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The diverse services and offerings in financial transactions are the major drivers for the global ATM market. Thefts, online frauds, and network connectivity issues while using mobile ATMs & smart ATMs, are some of the major threats to the growth of the ATM market. The growing use of solar powered ATM machines is reducing the cost of ATMs, leading to minimal operational cost. According to the “Federal Reserve System”, ATM market in developed countries such as U.S, UK, Canada and France has attained state of maturity, while the “Reserve Bank of India” forecasts a rapid growth of ATM market in emerging countries.
Deployment of ATMs at different locations such as Onsite, Offsite, Worksite and the accessibility to Mobile ATMs have facilitated 24*7 availability of banking services to the customers that creates an avenue for promotional activities to the banks concerned. Brown label ATM allows the banks to focus on their core business, as the hardware and its lease is owned by third party vendors, and the cash management & network connectivity is owned by the bank, eventually reducing the operational cost of the ATM’s.
The introduction of white label ATMs in the developing countries would propel the ATM markets in the years ahead. As an example, the Independent ATM deployer (IAD) viz., Tata Communications Payment Solutions Limited has launched a white label ATM – “Indicash”, to provide better banking services to the customers. IADs in the North American region account for more than 50% of ATMs. Whereas, in Western Europe, Asia Pacific, and LAMEA, it accounts for about 12%. The widespread installation of ATMs around the globe has led to a need for managed services. Therefore, different market players such as NCR Corporation, Wincor Nixdorf, Fujitsu and Diebold Incorporation are capitalizing on the prevailing market opportunities by offering managed services for ATMs.
Key findings of the study:
- Global market for ATM deployment solutions is gaining momentum with offsite ATMs to provide major growth during the forecast period (2014 – 2020)
- White label ATM Market will grow at a CAGR of 11.3% during the forecast period
- Smart ATMs would be an area of interest, as it is expected to grow at the fastest pace during 2014 to 2020
- Asia-Pacific is the most lucrative market, both in terms of deployment and revenue
- The emerging markets would largely contribute in terms of revenue towards the growth of the global ATM market by 2020
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ATM manufacturers and managed service providers are shifting towards White label ATMs and Smart ATMs in order to provide secured ATM transactions and improve the efficiency of the ATMs, resulting in faster transactions. In 2014, Fujitsu introduced a Smart ATM in the European market, which facilitates operational efficiency. NCR Corporation, one among the leading global ATM manufacturers, partnered with ING-DiBa in August 18, 2014, to provide enhanced security while performing financial transactions. The companies profiled in the report are Diebold Incorporation, NCR Corporation, Fujitsu, Wincor Nixdorf, Euronet Worldwide Incorporation, Triton Systems of Delaware LLC, GRG Banking, Nautilus Hyosung, Hitachi Omron Terminal Solutions and Hess Cash Systems GmbH and Co.
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Allied Market Research, a market research and advisory company of Allied Analytics LLP, provides business insights and market research reports to large as well as small- & medium-scale enterprises. The company assists its clients to strategize business policies and achieve sustainable growth in their respective market domain.
Allied Market Research provides one-stop solution right from data collection to investment advice. The analysts at Allied Market Research dig out factors that help clients understand the significance and impact of market dynamics. The company applies client’s insight on the factors such as strategies, future estimations, growth or fall forecasting, opportunity analysis, and consumer surveys among others. As follows, the company offers consistent business intelligence support to help clients transform into a prominent business firm.
Hi-Tech Pipes Limited (NSE:HITECH) Earns A Nice Return On Capital Employed – Simply Wall St News
Today we are going to look at Hi-Tech Pipes Limited (NSE:HITECH) to see whether it might be an attractive investment prospect. In particular, we’ll consider its Return On Capital Employed (ROCE), as that can give us insight into how profitably the company is able to employ capital in its business.
First up, we’ll look at what ROCE is and how we calculate it. Next, we’ll compare it to others in its industry. Last but not least, we’ll look at what impact its current liabilities have on its ROCE.
Understanding Return On Capital Employed (ROCE)
ROCE measures the amount of pre-tax profits a company can generate from the capital employed in its business. All else being equal, a better business will have a higher ROCE. Ultimately, it is a useful but imperfect metric. Renowned investment researcher Michael Mauboussin has suggested that a high ROCE can indicate that ‘one dollar invested in the company generates value of more than one dollar’.
How Do You Calculate Return On Capital Employed?
The formula for calculating the return on capital employed is:
Return on Capital Employed = Earnings Before Interest and Tax (EBIT) ÷ (Total Assets – Current Liabilities)
Or for Hi-Tech Pipes:
0.25 = ₹625m ÷ (₹5.4b – ₹2.9b) (Based on the trailing twelve months to September 2019.)
So, Hi-Tech Pipes has an ROCE of 25%.
View our latest analysis for Hi-Tech Pipes
Is Hi-Tech Pipes’s ROCE Good?
ROCE can be useful when making comparisons, such as between similar companies. Using our data, we find that Hi-Tech Pipes’s ROCE is meaningfully better than the 14% average in the Metals and Mining industry. I think that’s good to see, since it implies the company is better than other companies at making the most of its capital. Setting aside the comparison to its industry for a moment, Hi-Tech Pipes’s ROCE in absolute terms currently looks quite high.
You can see in the image below how Hi-Tech Pipes’s ROCE compares to its industry.
It is important to remember that ROCE shows past performance, and is not necessarily predictive. ROCE can be deceptive for cyclical businesses, as returns can look incredible in boom times, and terribly low in downturns. This is because ROCE only looks at one year, instead of considering returns across a whole cycle. Remember that most companies like Hi-Tech Pipes are cyclical businesses. You can check if Hi-Tech Pipes has cyclical profits by looking at this free graph of past earnings, revenue and cash flow.
What Are Current Liabilities, And How Do They Affect Hi-Tech Pipes’s ROCE?
Liabilities, such as supplier bills and bank overdrafts, are referred to as current liabilities if they need to be paid within 12 months. Due to the way the ROCE equation works, having large bills due in the near term can make it look as though a company has less capital employed, and thus a higher ROCE than usual. To counter this, investors can check if a company has high current liabilities relative to total assets.
Hi-Tech Pipes has total assets of ₹5.4b and current liabilities of ₹2.9b. Therefore its current liabilities are equivalent to approximately 53% of its total assets. Hi-Tech Pipes boasts an attractive ROCE, even after considering the boost from high current liabilities.
The Bottom Line On Hi-Tech Pipes’s ROCE
So we would be interested in doing more research here — there may be an opportunity! Hi-Tech Pipes looks strong on this analysis, but there are plenty of other companies that could be a good opportunity . Here is a free list of companies growing earnings rapidly.
If you like to buy stocks alongside management, then you might just love this free list of companies. (Hint: insiders have been buying them).
If you spot an error that warrants correction, please contact the editor at email@example.com. This article by Simply Wall St is general in nature. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Simply Wall St has no position in the stocks mentioned.
We aim to bring you long-term focused research analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Thank you for reading.
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Simply Wall St does a detailed discounted cash flow calculation every 6 hours for every stock on the market, so if you want to find the intrinsic value of any company just search here. It’s FREE.
The Interstellar Comet Has Arrived in Time for the Holidays
It came out of the Northern sky, a frozen breath of gas and dust from the genesis of some distant star, launched across the galaxy by the gravitational maelstroms that accompany the birth of worlds.
It wandered in the deep freeze of interstellar space for 100 million years or so, a locked vault of cosmo-chemical history. In Spring 2019 this ice cube began falling into our own solar system. Feeble heat from the sun, still distant, loosened carbon monoxide from its surface into a faint, glowing fog; the orphan ice cube became a new comet.
Six months later, Gennady Borisov, a Crimean astronomer, saw it drifting in front of the constellation Cancer and sounded the alarm.
On Sunday, Dec. 8 the comet that now bears his name — 2I Borisov — will make a wide turn around the sun and began heading back out of the solar system. As it departs, it will steadily brighten and grow in size as sunlight continues to shake off the dust from a long, cold sleep. On Dec. 28 the comet will pass 180 million miles from Earth, its closest approach to our planet.
This procession is being greeted with hungry eyes by a species only just knocking on the door of interstellar exploration and eager for news from out there.
Humanity’s most distant artifacts, the two Voyager spacecraft, recently punched through the magnetic bubble that closes off the solar system from the rest of the galaxy. Meanwhile, a band of scientists and engineers are developing an extravagantly ambitious plan, called Breakthrough Starshot, to launch a fleet of butterfly-size probes all the way to Alpha Centauri, the nearest star system to our own.
But what’s Out There is already In Here. Nature, generous as ever, has been slinging “Scientific CARE packages,” as Gregory Laughlin, a Yale astronomer, put it, toward us in the form of interstellar comets.
Two years ago, astronomers discovered an interstellar rock called Oumuamua cruising through the solar system. It caused a sensation, exciting talk of alien probes until further study concluded that it was actually a comet with no tail — albeit a comet from reaches unknown. Now 2I Borisov has astronomers tingling again, ready to follow its outbound run with their telescopes.
“I think the sense of excitement stems in part from the timing of these discoveries,” Dr. Laughlin said. Oumuamua and Borisov, he added, augur well for a new telescope the National Science Foundation is building in Chile called the Large Synoptic Survey Telescope, which will sweep the entire sky every few days, producing in effect a movie of the universe.
That telescope will be superbly positioned to find more interloper comets, perhaps even in time to send probes to greet them with Deep Impact-style missions. “The situation is reminiscent of when the first exoplanets were detected,” Dr. Laughlin said.
That discovery occurred in 1995, shortly before the Spitzer Space Telescope, which was built without exoplanets in mind, was launched.
Astronomers have long suspected that if anything came calling from another star system, it would be comets. New stars and planetary systems are surrounded by vast clouds of icy leftover fragments, so the story goes. These snowballs are easily dislodged by passing stars and knocked hither and fro — many inward toward their mother star and its planets, but others outward across the galaxy.
Until now, astronomers have lacked telescopes big and sensitive enough to detect them. Now, with telescopes like the Large Synoptic Survey Telescope and the Pan-STARRS in Hawaii, which discovered Oumuamua, they do.
Thus far, the two examples of interstellar comets that humans have observed could not be more different. Oumuamua was mistaken for an asteroid at first because it had no cometary cloud of gas and dust around it, at least that could be seen. But as it was traveling out of sight, small perturbations in its motion suggested that in fact the rock was actually a comet, being pushed around by jets of gas shooting from its surface.
Estimates of the object’s shape — long and cigarlike — spurred speculation that it could be an alien probe or even a solar sail. Recent analysis by Sergey Mashchenko, an astrophysicist at McMaster University in Ontario, has concluded that Oumuamua was less a rod than a thin slab rocking back and forth as sunlight and radiation wore it away.
“It was vanishing as it went away, like a bar of soap in the shower,” Dr. Laughlin said.
Borisov, in contrast, is thriving, sprouting a typically bushy, radiant tail. As a comet, it would be utterly ordinary if not for its origin. “Nothing about Borisov is weird,” Dr. Laughlin said. “With Oumuamua, everything was weird.”
Borisov looked like a comet from the start, enveloped in a cloud of gas, which is what enabled Mr. Borisov to recognize it so quickly. And everything the visitor has done since then has suggested that at least some comets out there are more or less like our neighborhood comets.
Mr. Borisov’s comet underwent an astronomical rite of passage of sorts in October, when the Hubble Space Telescope got a good look at it: a white knuckle at the head of a bluish fan of light.
Subsequent observations by telescopes on Earth have confirmed the presence of alien water and carbon monoxide as well as a growing list of chemicals from another part of the universe. As of Nov. 24, the comet’s tail had grown to 100,000 miles long. The comet’s nucleus is only a mile across.
Early in November, the Gemini observatory spotted the wanderer passing about a billion light-years in front of a spiral galaxy “romantically known” as 2dFgrS TGN363Z174, said Travis Rector, an astronomer from the University of Alaska Anchorage who was involved in taking the photograph. As if to tease us humans with a reminder of places unknown and unvisitable, the backdrop to the portrait is speckled with faint smudges of even more distant galaxies and stars.
When December began, 2I Borisov was drifting through the constellation Crater. Its brightness in astronomical terms was magnitude 16, far too faint for the naked eye or even binoculars, but accessible to a modest telescope and a CCD camera. (You can track it in real time at SkyLive.)
The comet is expected reach a peak brightness of about magnitude 15 around Dec. 20, plus or minus a week, according Quanzhi Ye, an astronomer at the University of Maryland and another in the network of observers following the comet.
The comet came from the general direction of Cassiopeia and will exit the Solar System through the southern constellation Telescopium, Dr. Ye said.
But this is only the beginning of comet-tracking season, he added. Astronomers will be following Borisov through at least the end of next year. Anything could happen on this watch. As comets approach the sun, geysers of vaporized ice, gas and dust can spring forth. Subsurface gas can heat up and explode, ejecting huge plumes of dust, which would make the comet much brighter and more visible.
“Solar system comets often (but not always) display outbursts near perihelion,” Dr. Laughlin said in a recent email. “But so far Borisov has been ‘boring’ in this regard.”
One of the astronomers waiting for action is Cheng-Han Hsieh, a colleague of Dr. Laughlin at Yale, who has been monitoring the comet daily with a worldwide network of robotic telescopes called the Las Combre Observatory, which has its headquarters in Goleta, Calif. The network includes a set of radio antennas, at Green Bank Observatory, the Submillimeter Array on Mauna Kea in Hawaii and the ALMA array in Chile, standing by for an outburst.
Radio observations might be particularly revealing, Mr. Hsieh said. They could shed light on an age-old issue of whether this comet, as it tracks through our neighborhood, is shedding more than just dust and ice — including, for instance, complex organic molecules that optimistic astrobiologists call “prebiotic.”
The data could also reveal the signatures of the different isotopes of the atoms locked in Borisov’s ice, which in turn might say something about the origin of the comet. What kind of star formed nearby? Was a supernova involved? With luck, we might learn which of those reddish smudges in the cosmic background our visitor once called home.
Arm’s hi-tech blueprint to rescue crisis-torn Malawi | Business Weekly | Technology News | Business news
Cambridge chip designer Arm is working with the UN and Unicef in a bid to deploy a battery of smart technologies to combat medical, food, flooding and other life-threatening crises in tech-starved Malawi.
President and chief operating officer Graham Budd led an Arm team on a fact finding mission to the territory and believes the company can use a range of technologies – among them smartphones, drones, AI and wearables – to vastly improve living conditions for local people.
Arm has engaged with the country’s technology innovators to preach best practice but acknowledge that real progress will only be made over the long haul.
Budd points out that Malawi is one of the poorest countries in the world, ranking 171st out of 189 countries in the UN’s Human Development Index. Many of the country’s 18 million inhabitants lack basic access to healthcare, water, sanitation and education.
These problems were compounded in early 2019 when devastating flooding from Intense Tropical Cyclone Idai resulted in widespread loss of livestock, homes and crops.
The spread of cholera and severe malnutrition that followed has had serious consequences for Malawi’s population, especially its women and children.
Budd writes on Arm’s website: “It was in one of the hardest-hit areas, Chikwawa District, that – alongside members of the Arm sustainability team – I found myself in November. We were invited by UNICEF Malawi, an organisation that has been providing humanitarian and developmental aid to children in Malawi since 1964.
“Having partnered with the United Nations agency in 2015, we were there to explore ways in which Arm might help to find technology solutions to problems faced by a nation with one of the lowest levels of technological adoption and Internet connectivity.
“In particular, we were interested to see how a shift towards intelligent, efficient compute at the endpoint – technology that Arm has long been at the forefront of such as smartphones, wearables, drones and other relatively lightweight, portable devices – might enable solutions that might previously have been rendered impossible by cost, power or connectivity requirements.”
Budd adds: “To those of us accustomed to visiting our local health facility whenever we’re under the weather it’s almost impossible to imagine how difficult the same thing would be in Malawi.
“With fewer than 0.1 doctors per 1,000 people, half of the population must travel up to an hour to reach the nearest community health centre and up to two-and-a-half hours to reach a hospital.
“Without regular check-ups, warning signs in a child’s mental or physical development go unnoticed or are recognised at far too late a stage. It is, tragically, no surprise that one in 15 Malawian children die before they reach the age of five.
“But wearable technology may provide a solution. Arm and UNICEF are conducting a longitudinal study of child development using Arm-powered wearable and sensor technologies to measure various biomarkers including temperature (to identify fever), facial expressions (to evaluate stress levels), EEG signals (to evaluate headaches), and EKG signals (to monitor heartbeats and proxies for infectious diseases).
“This pilot initiative aims to monitor children in 6,000 rural households over 18 years – collecting physical and mental health data once a week in order to build a rich data picture of child development in this highly challenging environment.”
The first phase of the pilot included wearables from four companies, including arm, chest, and head bands. Another company is exploring how artificial intelligence (AI) can be used to better track and predict health.
Crucially, these wearables are cheap and reliable, providing high-quality data and lots of it. It’s essential for the rational, evidence-based decision-making that’s required to help children thrive.
Budd writes: “The long-term goal is to examine all of the collected data in order to improve pre-emptive diagnosis of disease and better predict when and where outbreaks may occur, then use that information to design effective prevention programs.
“But we don’t have to wait for two decades to benefit from this project. Along the way, vital information on children’s mental and physiological development, as well as overall wellbeing, will allow parents, caregivers and community health workers to stay informed and, we hope, recognise warning signs while there’s still time.”
Flood modelling using drones and AI
In June 2017, the Government of Malawi, along with UNICEF, launched a 40km-radius air corridor at Kasungu Aerodrome in central Malawi. It’s the first in Africa, and one of the first globally, dedicated to testing the potential of drones for humanitarian and development use.
Budd says that drones offer a unique aerial perspective of the landscape that was once only possible if you owned a plane or helicopter.
“The second UNICEF study we’re funding aims to use Arm-powered drone technology to give Malawi a better understanding of how its landscape will be affected by flooding through aerial mapping, ground truthing and Geographic Information Systems,” he writes.
“This flood modelling technology aims to better inform emergency preparedness through early warning systems. Aerial images are captured and processed using AI image recognition software to predict and model future flooding. It can also identify different types of buildings in order to build a picture of human occupation of an area and how flooding may affect it.”
Budd says that drones are also being trialled as delivery vehicles for essential supplies and emergency items, traversing complex topography and harsh terrain that would prove too challenging for land-based logistics.
“During our visit to Kasungu Aerodrome we witnessed a successful field-test of a health delivery service, delivering a six-kilogram payload to a healthcare worker in a neighbouring village 37 kilometres away,” he says.
Budd says that the week Arm’s delegation spent in Malawi was a great demonstration of how globally sourced, locally implemented innovation partnerships could deliver social impact at scale, made possible by organisations like UNICEF who have the infrastructure and government relationships already in place to deliver programmes on the ground.
He adds: “Locally-driven initiatives such as the drone corridor are unique opportunities to partner to enable progress on humanitarian challenges, and we’re getting involved wherever we can – a speech-processing pilot for enhanced monitoring of the classroom environment is also in development.
“As well as exploring how we could play a part in other technology-focused UNICEF projects, we visited Daeyang University in Lilongwe, Malawi’s capital city.
“There, we ran a collaborative workshop with students – which included introducing them to some of the newer applications of Arm technology such as natural language processing and ‘TinyML’ AI processing for ultra-low-power systems.
“It’s these technologies that will enable Malawi’s innovators to develop low-cost, low-power solutions with a level of computational capability that only a few years ago would have been far too expensive or difficult to implement within a limited infrastructure.
“It was hugely exciting to be able to explore these concepts with passionate, highly skilled students in fields such as computer science and electrical engineering.
“These young people will be the ones tasked with improving their country technologically, socially and financially – and it’s our hope that Arm technology will help enable them to do so.”
Budd accepts that there will be challenges along the way: technical hurdles remain around connectivity, battery life and, in the case of drones, physical safety.
Budd says: “Perhaps the bigger battle will be in overcoming social hurdles such as communities’ reticence to adopt unknown technology.
‘Yet in meeting local community leaders in rural villages that have been heavily affected by flooding, their desire to be able to assume responsibility for solving these problems was abundantly clear.
“It’s my hope that the more prolific and capable this kind of technology becomes, the more it will be trusted, championed and seen as a force for good – enabling Malawi’s innovators to deliver real solutions that solve humanitarian challenges in a sustainable way.”
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