Acorn Energy (FRA:DS1) ROCE % : 44.34% (As of Mar. 2024)

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What is Acorn Energy 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. Acorn Energy's annualized ROCE % for the quarter that ended in Mar. 2024 was 44.34%.

Acorn Energy ROCE % Historical Data

The historical data trend for Acorn Energy'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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Acorn Energy ROCE % Chart

Acorn Energy Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-92.03

7.82

-0.54

-41.36

12.26

Acorn Energy Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial															-27.92	24.30	2.32	57.02	44.34

Acorn Energy ROCE % Calculation

Acorn Energy'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 )
	=	0.129	/	( ( (5.649 - 4.316)	+	(4.997 - 4.225) )	/ 2 )
	=	0.129	/	( (1.333	+	0.772)	/ 2 )
	=	0.129	/	1.0525
	=	12.26 %

Acorn Energy's ROCE % of for the quarter that ended in Mar. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	0.288	/	( ( (4.997 - 4.225)	+	(4.489 - 3.962) )	/ 2 )
	=	0.288	/	( ( 0.772	+	0.527 )	/ 2 )
	=	0.288	/	0.6495
	=	44.34 %

(1) Note: The EBIT data used here is four times the quarterly (Mar. 2024) EBIT data.

Acorn Energy (FRA:DS1) 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.

Acorn Energy ROCE % Related Terms

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Acorn Energy (FRA:DS1) Business Description

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ACFN:USA

Address

1000 N West Street, Suite 1200, Wilmington, DE, USA, 19801

Website

https://www.acornenergy.com

Acorn Energy Inc is a holding company which focuses on technology-driven solutions for energy infrastructure asset management. It operates through two segments namely, the PG segment and the CP segment. PG segment provides wireless remote monitoring and control systems and services for critical assets as well as Internet of Things applications which account for majority of the revenue. CP segment is engaged in providing remote monitoring of cathodic protection systems on gas pipelines for gas utilities and pipeline companies.

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