Drone Volt (LTS:0D25) ROCE % : -121.48% (As of Dec. 2022)

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What is Drone Volt 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. Drone Volt's annualized ROCE % for the quarter that ended in Dec. 2022 was -121.48%.

Drone Volt ROCE % Historical Data

The historical data trend for Drone Volt'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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Drone Volt ROCE % Chart

Drone Volt Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-32.87

-49.17

-7.81

-71.76

-24.31

Drone Volt Semi-Annual Data
	Dec12	Dec13	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Dec23
ROCE %	Get a 7-Day Free Trial															-7.62	-7.50	-15.19	-121.48	-

Drone Volt ROCE % Calculation

Drone Volt'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 )
	=	-5.323	/	( ( (24.367 - 4.242)	+	(27.891 - 4.22) )	/ 2 )
	=	-5.323	/	( (20.125	+	23.671)	/ 2 )
	=	-5.323	/	21.898
	=	-24.31 %

Drone Volt's ROCE % of for the quarter that ended in Dec. 2022 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2022 )		(Q: Jun. 2022 )		(Q: Dec. 2022 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2022 )		(Q: Jun. 2022 )		(Q: Dec. 2022 )
	=	-36.922	/	( ( (43.624 - 2.963)	+	(24.367 - 4.242) )	/ 2 )
	=	-36.922	/	( ( 40.661	+	20.125 )	/ 2 )
	=	-36.922	/	30.393
	=	-121.48 %

(1) Note: The EBIT data used here is two times the semi-annual (Dec. 2022) EBIT data.

Drone Volt (LTS:0D25) 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.

Drone Volt ROCE % Related Terms

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Drone Volt (LTS:0D25) Business Description

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GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Drone Volt SA (LTS:0D25) » Definitions » ROCE %

Comparable Companies

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ALDRV:France 2DV:Germany

Address

14 Rue de la perdrix, Villepinte, FRA, 93420

Website

http://www.dronevolt.com

Drone Volt SA is engaged in the design, assembly and marketing of remote-controlled terrestrial and aerial drones for TV channels broadcasting, security and surveillance, transportation, agriculture and topography.

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