Airgain (FRA:6LV) ROCE % : -33.24% (As of Mar. 2024)

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What is Airgain 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. Airgain's annualized ROCE % for the quarter that ended in Mar. 2024 was -33.24%.

Airgain ROCE % Historical Data

The historical data trend for Airgain'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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Airgain ROCE % Chart

Airgain Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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0.82

-6.33

-22.12

-20.17

-33.09

Airgain Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial															-27.32	-22.53	-20.51	-62.87	-33.24

Airgain ROCE % Calculation

Airgain'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 )
	=	-11.371	/	( ( (51.354 - 12.178)	+	(38.724 - 9.162) )	/ 2 )
	=	-11.371	/	( (39.176	+	29.562)	/ 2 )
	=	-11.371	/	34.369
	=	-33.09 %

Airgain'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 )
	=	-9.676	/	( ( (38.724 - 9.162)	+	(39.374 - 10.719) )	/ 2 )
	=	-9.676	/	( ( 29.562	+	28.655 )	/ 2 )
	=	-9.676	/	29.1085
	=	-33.24 %

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

Airgain (FRA:6LV) 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.

Airgain ROCE % Related Terms

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Airgain (FRA:6LV) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Airgain Inc (FRA:6LV) » Definitions » ROCE %

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Traded in Other Exchanges

AIRG:USA 6LV:Germany

Address

3611 Valley Centre Drive, Suite 150, San Diego, CA, USA, 92130

Website

https://www.airgain.com

Airgain Inc is engaged in providing antenna technologies. These technologies can be used to enable performance wireless networking across devices and markets which include connected home, enterprise, automotive, and internet of things. It also provides solutions to complex radio frequency, engineering challenges, and improving wireless service that require higher throughput, broad coverage footprint, and carrier-grade quality. Geographically, it derives maximum revenue from North America and also has a presence in China and Rest of the World. The company products include Antenna Plus: Fleet, M2M, IoT Antennas, Carrier-Class Antenna, Embedded Antennas, and External Dipole Antennas.

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