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Orion Energy Systems ROCE %

: 41.52% (As of Dec. 2020)
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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. Orion Energy Systems's annualized ROCE % for the quarter that ended in Dec. 2020 was 41.52%.


Orion Energy Systems ROCE % Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

* Premium members only.

Orion Energy Systems Annual Data
Mar11 Mar12 Mar13 Mar14 Mar15 Mar16 Mar17 Mar18 Mar19 Mar20
ROCE % Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -32.70 -26.01 -35.31 -21.42 34.84

Orion Energy Systems Quarterly Data
Mar16 Jun16 Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20
ROCE % Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 28.05 -4.25 -21.19 18.98 41.52

Orion Energy Systems ROCE % Calculation

Orion Energy Systems's annualized ROCE % for the fiscal year that ended in Mar. 2020 is calculated as:

ROCE %=EBIT/( (Capital Employed+Capital Employed)/ count )
(A: Mar. 2020 )  (A: Mar. 2019 )(A: Mar. 2020 )
=EBIT/( ( (Total Assets - Total Current Liabilities)+(Total Assets - Total Current Liabilities) )/ count )
(A: Mar. 2020 )  (A: Mar. 2019 )(A: Mar. 2020 )
=12.9/( ( (56.021 - 27.335) + (72.563 - 27.204) )/ 2 )
=12.9/( (28.686+45.359)/ 2 )
=12.9/37.0225
=34.84 %

Orion Energy Systems's ROCE % of for the quarter that ended in Dec. 2020 is calculated as:

ROCE %=EBIT/( (Capital Employed+Capital Employed)/ count )
(Q: Dec. 2020 )  (Q: Sep. 2020 )(Q: Dec. 2020 )
=EBIT/( ( (Total Assets - Total Current Liabilities)+(Total Assets - Total Current Liabilities) )/ count )
(Q: Dec. 2020 )  (Q: Sep. 2020 )(Q: Dec. 2020 )
=17.468/( ( (67.684 - 23.803) + (73.668 - 33.416) )/ 2 )
=17.468/( ( 43.881 + 40.252 )/ 2 )
=17.468/42.0665
=41.52 %

Note: The EBIT data used here is four times the quarterly (Dec. 2020) EBIT data.

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.


Orion Energy Systems  (NAS:OESX) 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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