Acceleware (TSXV:AXE) ROCE % : 0.00% (As of Dec. 2023)

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

Acceleware ROCE % Historical Data

The historical data trend for Acceleware'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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Acceleware ROCE % Chart

Acceleware Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-79.60

-227.50

Acceleware Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial															-	-	-	-	-

Acceleware ROCE % Calculation

Acceleware'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 )
	=	-1.446	/	( ( (2.529 - 3.08)	+	(1.51 - 3.241) )	/ 2 )
	=	-1.446	/	( (-0.551	+	-1.731)	/ 2 )
	=	-1.446	/	-1.141
	=	126.73 %

Acceleware'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 )
	=	3.236	/	( ( (1.169 - 3.731)	+	(1.51 - 3.241) )	/ 2 )
	=	3.236	/	( ( -2.562	+	-1.731 )	/ 2 )
	=	3.236	/	-2.1465
	=	0 %

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

Acceleware (TSXV:AXE) 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.

Acceleware ROCE % Related Terms

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Acceleware (TSXV:AXE) Business Description

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GURUFOCUS.COM » STOCK LIST » Technology » Software » Acceleware Ltd (TSXV:AXE) » Definitions » ROCE %

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ACWRF:USA

Address

435 - 10 Avenue SE, Calgary, AB, CAN, T2G 0W3

Website

https://www.acceleware.com

Acceleware Ltd is a Canadian clean-tech company. It is an innovator of radio frequency heating technologies that enable the electrification of industrial heat and promise a dramatic reduction in greenhouse gas (GHG) emissions. It has two operating segments, RF Heating, and High-performance computing. The company generates revenue from maintenance, software, and services. Geographically it generates a majority of its revenue from the USA.