KWESST Micro Systems (KWESST Micro Systems) ROCE % : -95.27% (As of Mar. 2024)

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What is KWESST Micro Systems 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. KWESST Micro Systems's annualized ROCE % for the quarter that ended in Mar. 2024 was -95.27%.

KWESST Micro Systems ROCE % Historical Data

The historical data trend for KWESST Micro Systems'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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KWESST Micro Systems ROCE % Chart

KWESST Micro Systems Annual Data

Trend

Sep21

Sep22

Sep23

ROCE %

-121.71

-240.78

-297.10

KWESST Micro Systems Semi-Annual Data
	Aug19	Mar20	Jun20	Aug20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial														-13.25	-51.95	-45.39	-6.44	-95.27

KWESST Micro Systems ROCE % Calculation

KWESST Micro Systems's annualized ROCE % for the fiscal year that ended in Sep. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Sep. 2023 )		(A: Sep. 2022 )		(A: Sep. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Sep. 2023 )		(A: Sep. 2022 )		(A: Sep. 2023 )
	=	-6.343	/	( ( (5.49 - 5.192)	+	(8.69 - 4.718) )	/ 2 )
	=	-6.343	/	( (0.298	+	3.972)	/ 2 )
	=	-6.343	/	2.135
	=	-297.10 %

KWESST Micro Systems'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 )
	=	-2.568	/	( ( (6.788 - 2.999)	+	(4.815 - 3.213) )	/ 2 )
	=	-2.568	/	( ( 3.789	+	1.602 )	/ 2 )
	=	-2.568	/	2.6955
	=	-95.27 %

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

KWESST Micro Systems (NAS:KWESW) 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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KWESST Micro Systems (KWESST Micro Systems) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Aerospace & Defense » KWESST Micro Systems Inc (NAS:KWESW) » Definitions » ROCE %

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Traded in Other Exchanges

KWE:USA KWE:Canada

Address

155 Terence Matthews Crescent, Unit No. 1, Ottawa, ON, CAN, K2M 2A8

Website

https://www.kwesst.com

KWESST Micro Systems Inc develops and commercializes next-generation tactical systems. The company offers breakthrough technology in lethal and non-lethal systems with broad application, including law enforcement and personal defence, modernized digitization of tactical forces for shared situational awareness and targeting, and counter-measures against threats such as drones, lasers and electronic detection.