Advanced Energy Industries (Advanced Energy Industries) ROCE % : 5.49% (As of Dec. 2023)

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What is Advanced Energy Industries 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. Advanced Energy Industries's annualized ROCE % for the quarter that ended in Dec. 2023 was 5.49%.

Advanced Energy Industries ROCE % Historical Data

The historical data trend for Advanced Energy Industries'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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Advanced Energy Industries ROCE % Chart

Advanced Energy Industries Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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6.20

14.76

10.88

16.35

7.28

Advanced Energy Industries 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															18.57	10.20	8.07	7.27	5.49

Advanced Energy Industries ROCE % Calculation

Advanced Energy Industries'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 )
	=	139.027	/	( ( (1992.168 - 393.043)	+	(2556.757 - 335.848) )	/ 2 )
	=	139.027	/	( (1599.125	+	2220.909)	/ 2 )
	=	139.027	/	1910.017
	=	7.28 %

Advanced Energy Industries'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 )
	=	120.788	/	( ( (2493.686 - 314.812)	+	(2556.757 - 335.848) )	/ 2 )
	=	120.788	/	( ( 2178.874	+	2220.909 )	/ 2 )
	=	120.788	/	2199.8915
	=	5.49 %

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

Advanced Energy Industries (NAS:AEIS) 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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Advanced Energy Industries (Advanced Energy Industries) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Advanced Energy Industries Inc (NAS:AEIS) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

AVX:Germany

Address

1595 Wynkoop Street, Suite 800, Denver, CO, USA, 80202

Website

https://www.advancedenergy.com

Advanced Energy Industries Inc provides precision power-conversion measurement and control solutions that transform power into various forms for use in manufacturing and industrial equipment and applications. The firm serves original equipment manufacturers and end customers in the semiconductor, flat panel display, solar panel, and other industrial capital equipment markets. Products include thin-film power-conversion systems, which control and modify raw electrical power into a customizable, predictable power source, and power control modules, which control and measure temperature during manufacturing cycles. A majority of the firm's revenue is generated in the United States, with the rest primarily from Asia and Europe.

Executives

Anne Delsanto	director	1133 INNOVATION WAY, SUNNYVALE CA 94089
Ronald C Foster	director	8000 S FEDERAL WAY, MS 1-557, BOISE ID 83716
Paul R Oldham	officer: EVP, CFO	1625 SHARP POINT DRIVE, FORT COLLINS CO 80525
Lanesha Minnix	director	TWO LAKESIDE COMMONS, BUILDING TWO, 980 HAMMOND DRIVE, SUITE 500, ATLANTA GA 30328
Tina Donikowski	director	1625 SHARP POINT DRIVE, FORT COLLINS CO 80525
John Donaghey	officer: EVP, Global Sales	1595 WYNKOOP STREET, SUITE 800, DENVER CO 80202
Brian Shirley	director	8000 S FEDERAL WAY, MS 1-557, BOISE ID 83716
Elizabeth Karpinski Vonne	officer: EVP, General Counsel	1595 WYNKOOP STREET, SUITE 800, DENVER CO 80202
Eduardo Bernal Acebedo	officer: EVP and COO	1595 WYNKOOP STREET, SUITE 800, DENVER CO 80202
Reed David	director	6501 WILLIAM CANNON DRIVE WEST, AUSTIN TX 78735
Stephen Douglas Kelley	officer: President and CEO	1900 S. PRICE ROAD, CHANDLER AZ 85286
Yuval Wasserman	officer: EVP, Sales, Service & Mktg	1625 SHARP POINT DRIVE, FORT COLLINS CO 80525
Dana Edward Huth	officer: CHIEF REVENUE OFFICER	1595 WYNKOOP STREET, SUITE 800, DENVER CO 80202
Thomas O Mcgimpsey	officer: EVP Gen Counsel & Corp Sec	380 INTERLOCKEN CRESCENT, BROOMFIELD CO 80021
Neil David Brinker	officer: EVP, COO	1625 SHARP POINT DRIVE, FORT COLLINS CO 80525