AIRO (AIRO Group) ROCE % : -0.45% (As of Mar. 2024)

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What is AIRO 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. AIRO Group's annualized ROCE % for the quarter that ended in Mar. 2024 was -0.45%.

AIRO Group ROCE % Historical Data

The historical data trend for AIRO 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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AIRO Group ROCE % Chart

AIRO Group Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

ROCE %

-321.00

-9.33

-4.13

AIRO Group Quarterly Data
	Dec20	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial						-16.53	-15.76	0.50	-	-0.45

AIRO Group ROCE % Calculation

AIRO 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 )
	=	-28.025	/	( ( (733.344 - 27.428)	+	(737.523 - 85.509) )	/ 2 )
	=	-28.025	/	( (705.916	+	652.014)	/ 2 )
	=	-28.025	/	678.965
	=	-4.13 %

AIRO Group's ROCE % of for the quarter that ended in Mar. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	-2.928	/	( ( (737.523 - 85.509)	+	(729.052 - 80.469) )	/ 2 )
	=	-2.928	/	( ( 652.014	+	648.583 )	/ 2 )
	=	-2.928	/	650.2985
	=	-0.45 %

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

AIRO Group (NAS:AIRO) 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.

AIRO Group ROCE % Related Terms

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AIRO Group Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

N/A

Address

5001 Indian School Road NE, Suite 100, Albuquerque, NM, USA, 87110

Website

https://www.theairogroup.com

AIRO Group Holdings Inc is a multi-faceted air mobility, autonomy & aerospace platform with differentiated technologies and capabilities dynamically addressing high-growth market trends across the entire Drone Ecosystem with a compelling range of drone technologies & services, avionics and defense training. AIRO provides a diversified product portfolio, ranging from established and mature product offerings to innovative drone and eVTOL solutions, with a balanced customer mix, both military and civil. Its wholly-owned subsidiaries are organized across four complimentary strategic divisions, each with a diverse set of partners and customers and each representing a large and fast-growing market segment: Advanced Avionics; Training; Uncrewed Air Systems; and Electric Air Mobility.

AIRO Group Headlines

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