AIRI (Air Industries Group) ROCE % : 1.31% (As of Sep. 2024)

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What is Air Industries Group 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. Air Industries Group's annualized ROCE % for the quarter that ended in Sep. 2024 was 1.31%.

Air Industries Group ROCE % Historical Data

The historical data trend for Air Industries Group'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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Air Industries Group ROCE % Chart

Air Industries Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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5.37

5.74

9.56

0.87

-0.78

Air Industries Group Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
ROCE %	Get a 7-Day Free Trial															-11.60	10.42	-4.09	12.97	1.31

Air Industries Group ROCE % Calculation

Air Industries Group'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 )
	=	-0.211	/	( ( (53.814 - 23.616)	+	(50.715 - 26.602) )	/ 2 )
	=	-0.211	/	( (30.198	+	24.113)	/ 2 )
	=	-0.211	/	27.1555
	=	-0.78 %

Air Industries Group's ROCE % of for the quarter that ended in Sep. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2024 )		(Q: Jun. 2024 )		(Q: Sep. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2024 )		(Q: Jun. 2024 )		(Q: Sep. 2024 )
	=	0.312	/	( ( (49.819 - 25.786)	+	(50.365 - 26.812) )	/ 2 )
	=	0.312	/	( ( 24.033	+	23.553 )	/ 2 )
	=	0.312	/	23.793
	=	1.31 %

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

Air Industries Group (AMEX:AIRI) 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.

Air Industries Group ROCE % Related Terms

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Air Industries Group Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Aerospace & Defense » Air Industries Group (AMEX:AIRI) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

YH1:Germany

Address

1460 Fifth Avenue, Bay Shore, New York, NY, USA, 11706

Website

https://www.airindustriesgroup.com

Air Industries Group is an aerospace and defense company. Its manufactures and designs structural parts and assemblies that focus on flight safety, including landing gear, arresting gear, engine mounts, flight controls, throttle quadrants, jet engines, and other components. The company also provides sheet metal fabrication of aerostructures, tube bending, and welding services.

Executives

Robert Taglich	director, 10 percent owner	700 NEW YORK AVENUE, HUNTINGTON NY 11743
Michael N Taglich	director	TAGLICH BROTHERS INC, 1370 AVENUE OF THE AMERICAS --31ST FLOOR, NEW YORK NY 6317254791
Luciano M Melluzzo	officer: President	93 FOXON PLACE, NEW BRITAIN CT 06053
Scott Glassman	officer: CHIEF FINANCIAL OFFICER	1479 NORTH CLINTON AVENUE, BAY SHORE NY 11706
Michael Porcelain	director	68 SOUTH SERVICE ROAD, SUITE 230, MELVILLE NY 11747
Peter Rettaliata	director	C/O AIR INDUSTRIES, 1479 CLINTON AVENUE, BAY SHORE NY 11706
Michael Brand	director	4196 MAJESTIC CIRCLE, MEDINA OH 44256
David S. Richmond	10 percent owner, other: See Footnote 1	3568 WILDWOOD AVENUE, JACKSON MI 49202
Rbi Private Investment Iii, Llc	other: See Footnote 1	3568 WILDWOOD AVENUE, JACKSON MI 49202
Matthew J. Curfman	10 percent owner, other: See Footnote 1	3568 WILDWOOD AVENUE, JACKSON MI 49202
Rbi Pi Manager, Llc	other: See Footnote 1	3568 WILDWOOD AVENUE, JACKSON MI 49202
Richmond Brothers 401(k) Profit Sharing Plan	other: See Footnote 1	3568 WILDWOOD AVENUE, JACKSON MI 49202
Rbi Private Investment Ii, Llc	other: See Footnote 1	3568 WILDWOOD AVENUE, JACKSON MI 49202
Richmond Brothers, Inc.	10 percent owner, other: See Footnotes 1 and 2	7415 FOXWORTH COURT, JACKSON MI 49201
Michael E Recca	officer: Chief Financial Officer