Red Cat Holdings (FRA:BQ73) ROCE % : -103.75% (As of Oct. 2024)

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What is Red Cat Holdings 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. Red Cat Holdings's annualized ROCE % for the quarter that ended in Oct. 2024 was -103.75%.

Red Cat Holdings ROCE % Historical Data

The historical data trend for Red Cat Holdings'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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Red Cat Holdings ROCE % Chart

Red Cat Holdings Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Apr20

Apr21

Apr22

Apr23

ROCE %

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-261.24

-26.85

-34.18

Red Cat Holdings Quarterly Data
	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24	Apr24	Jul24	Oct24
ROCE %	Get a 7-Day Free Trial															-41.43	-34.16	-34.85	-77.22	-103.75

Red Cat Holdings ROCE % Calculation

Red Cat Holdings'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 )
	=	-21.442	/	( ( (78.783 - 5.037)	+	(55.398 - 3.694) )	/ 2 )
	=	-21.442	/	( (73.746	+	51.704)	/ 2 )
	=	-21.442	/	62.725
	=	-34.18 %

Red Cat Holdings's ROCE % of for the quarter that ended in Oct. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Oct. 2024 )		(Q: Jul. 2024 )		(Q: Oct. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Oct. 2024 )		(Q: Jul. 2024 )		(Q: Oct. 2024 )
	=	-33.472	/	( ( (34.995 - 3.901)	+	(46.902 - 13.47) )	/ 2 )
	=	-33.472	/	( ( 31.094	+	33.432 )	/ 2 )
	=	-33.472	/	32.263
	=	-103.75 %

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

Red Cat Holdings (FRA:BQ73) 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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Red Cat Holdings Business Description

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GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Red Cat Holdings Inc (FRA:BQ73) » Definitions » ROCE %

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RCAT:USA

Address

15 Avenue Munoz Rivera, Suite 2200, San Juan, PR, USA, 00901

Website

https://www.redcat.red

Red Cat Holdings Inc is a military technology company that integrates robotic hardware and software to provide critical situational awareness and actionable intelligence to on-the-ground warfighters and battlefield commanders. Its mission is to enhance the effectiveness and safety of military operations domestically and globally. Red Cat's suite of solutions includes Teal Drones, developer of the Golden Eagle, a small unmanned system with the highest resolution imaging for night-time operations, and Skypersonic, a provider of unmanned aircraft for interior spaces and other dangerous environments.

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