AeroVironment (AeroVironment) ROCE %

: 6.93% (As of Jan. 2024)

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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. AeroVironment's annualized ROCE % for the quarter that ended in Jan. 2024 was 6.93%.

AeroVironment ROCE % Historical Data

The historical data trend for AeroVironment'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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AeroVironment Annual Data

Trend

Apr14

Apr15

Apr16

Apr17

Apr18

Apr19

Apr20

Apr21

Apr22

Apr23

ROCE %

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7.73

9.60

5.18

-1.67

-23.62

AeroVironment Quarterly Data
	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
ROCE %	Get a 7-Day Free Trial															1.01	-86.92	14.20	11.05	6.93

AeroVironment ROCE % Calculation

AeroVironment's annualized ROCE % for the fiscal year that ended in Apr. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Apr. 2023 )		(A: Apr. 2022 )		(A: Apr. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Apr. 2023 )		(A: Apr. 2022 )		(A: Apr. 2023 )
	=	-179.009	/	( ( (914.2 - 101.391)	+	(824.577 - 121.334) )	/ 2 )
	=	-179.009	/	( (812.809	+	703.243)	/ 2 )
	=	-179.009	/	758.026
	=	-23.62 %

AeroVironment's ROCE % of for the quarter that ended in Jan. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jan. 2024 )		(Q: Oct. 2023 )		(Q: Jan. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jan. 2024 )		(Q: Oct. 2023 )		(Q: Jan. 2024 )
	=	61.352	/	( ( (1006.7 - 109.304)	+	(980.299 - 107.531) )	/ 2 )
	=	61.352	/	( ( 897.396	+	872.768 )	/ 2 )
	=	61.352	/	885.082
	=	6.93 %

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

AeroVironment (NAS:AVAV) 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.

AeroVironment ROCE % Related Terms

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AeroVironment (AeroVironment) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Aerospace & Defense » AeroVironment Inc (NAS:AVAV) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

JPX:Germany JPX:Germany

Address

241 18th Street South, Suite 415, Arlington, VA, USA, 22202

Website

https://www.avinc.com

AeroVironment Inc operates under a single business segment in which it supplies unmanned aircraft systems, tactical missile systems, high-altitude pseudo-satellites, and other related services to government agencies within the United States Department of Defense as well as the United States allied international governments. The systems can help with security, surveillance, or sensing, and provide "eyes in the sky" without needing an actual person, or driver, in the sky.

Executives

Mary Beth Long	director	309 FRANKLIN STREET, ALEXANDRIA VA 22314
Brian Charles Shackley	officer: Chief Accounting Officer	900 INNOVATORS WAY, SIMI VALLEY CA 93065
Cindy Kay Lewis	director	900 INNOVATORS WAY, SIMI VALLEY CA 93065
Trace E Stevenson	officer: Sr. VP	900 INNOVATORS WAY, SIMI VALLEY CA 93065
Brett P Hush	officer: Sr. VP	900 INNOVATORS WAY, SIMI VALLEY CA 93065
Jeff E Rodrian	officer: Sr. VP	900 INNOVATORS WAY, SIMI VALLEY CA 93063
Phillip S Davidson	director	825 TOWN & COUNTRY LANE, SUITE 1500, HOUSTON TX 77024
Kevin Patrick Mcdonnell	officer: Chief Financial Officer	900 INNOVATORS WAY, SIMI VALLEY CA 93065
Stephen F Page	director	C/O AEROVIRONMENT, INC., 900 INNOVATORS WAY, SIMI VALLEY CA 93065
Edward R Muller	director	C/O AEROVIRONMENT, INC., 900 INNOVATORS WAY, SIMI VALLEY CA 93065
Charles Thomas Burbage	director	C/O AEROVIRONMENT, INC., 900 INNOVATORS WAY, SIMI VALLEY CA 93065
Charles R Holland	director	C/O AEROVIRONMENT, INC., 900 INNOVATORS WAY, SIMI VALLEY CA 93065
Melissa Ann Brown	officer: VP, Gen. Counsel, Corp. Sec.	800 ROYAL OAKS DRIVE, SUITE 210, MONROVIA CA 91016
Alison Marie Roelke	officer: VP People & Culture	900 INNOVATORS WAY, SIMI VALLEY CA 93065
Timothy E Conver	director, 10 percent owner, officer: President and CEO	900 INNOVATORS WAY, SIMI VALLEY CA 93065