OPTT (Ocean Power Technologies) ROCE % : -78.85% (As of Jul. 2024)

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What is Ocean Power Technologies 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. Ocean Power Technologies's annualized ROCE % for the quarter that ended in Jul. 2024 was -78.85%.

Ocean Power Technologies ROCE % Historical Data

The historical data trend for Ocean Power Technologies'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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Ocean Power Technologies ROCE % Chart

Ocean Power Technologies Annual Data

Trend

Apr15

Apr16

Apr17

Apr18

Apr19

Apr20

Apr21

Apr22

Apr23

Apr24

ROCE %

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-82.48

-29.13

-28.42

-48.50

-88.02

Ocean Power Technologies Quarterly Data
	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24	Apr24	Jul24
ROCE %	Get a 7-Day Free Trial															-69.69	-82.44	-102.42	-109.98	-78.85

Ocean Power Technologies ROCE % Calculation

Ocean Power Technologies's annualized ROCE % for the fiscal year that ended in Apr. 2024 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Apr. 2024 )		(A: Apr. 2023 )		(A: Apr. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Apr. 2024 )		(A: Apr. 2023 )		(A: Apr. 2024 )
	=	-29.403	/	( ( (53.374 - 7.907)	+	(28.704 - 7.359) )	/ 2 )
	=	-29.403	/	( (45.467	+	21.345)	/ 2 )
	=	-29.403	/	33.406
	=	-88.02 %

Ocean Power Technologies's ROCE % of for the quarter that ended in Jul. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jul. 2024 )		(Q: Apr. 2024 )		(Q: Jul. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jul. 2024 )		(Q: Apr. 2024 )		(Q: Jul. 2024 )
	=	-17.892	/	( ( (28.704 - 7.359)	+	(29.179 - 5.141) )	/ 2 )
	=	-17.892	/	( ( 21.345	+	24.038 )	/ 2 )
	=	-17.892	/	22.6915
	=	-78.85 %

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

Ocean Power Technologies (AMEX:OPTT) 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.

Ocean Power Technologies ROCE % Related Terms

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Ocean Power Technologies Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Ocean Power Technologies Inc (AMEX:OPTT) » Definitions » ROCE %

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RUOB:Germany RUOC:Germany

Address

28 Engelhard Drive, Suite B, Monroe Township, NJ, USA, 08831

Website

https://www.oceanpowertechnologies.com

Ocean Power Technologies Inc provides intelligent maritime solutions and services that enable safer, cleaner, and more productive ocean operations for the defense and security, oil and gas, science and research, and offshore wind markets. It provides ocean data collection and reporting, marine power, offshore communications, and Maritime Domain Awareness System (MDAS) products, integrated solutions, and consulting services. The company offers its products and services to a wide range of customers, including those in government and offshore energy, oil and gas, construction, wind power, and other industries. The company has operations in North and South America, Europe, Asia and Australia.

Executives

Peter E. Slaiby	director	28 ENGELHARD DRIVE,, SUITE B, MONROE TOWNSHIP NJ 08831
Terence James Cryan	director	2 HAMPSHIRE RD, BRONXVILLE NY 10708
Robert Patrick Powers	officer: Senior VP and CFO	968 ALBANY SHAKER ROAD, LATHAM NY 12110
Philipp Stratmann	officer: President and CEO	28 ENGELHARD DRIVE, SUITE B, MONROE TOWNSHIP NJ 08831
Lorenz Anderson Natalie M.	director	28 ENGELHARD DRIVE, SUITE B, MONROE TOWNSHIP NJ 08831
Joseph Dipietro	officer: Controller and Treasurer	28 ENGELHARD DRIVE, SUITE B, MONROE TOWNSHIP NJ 08831
Robert K Winters	director	280 6TH AVENUE, BROOKLYN NY 11215
Diana G Purcel	director	C/O FAMOUS DVES OF AMERICA INC, 8091 WALLACE ROAD, EDEN PRAIRIE MN 55344
Clyde W Hewlett	director	28, ENGLAND DRIVE, SUITE B, MONROE TOWNSHIP NJ 08831
Kirby George H Iii	director, officer: President, CEO, and Director	28 ENGELHARD DRIVE, MONROE TOWNSHIP NJ 08831
Dean J Glover	director	C/O GLOBAL POWER EQUIPMENT GROUP INC., 5199 N. MINGO ROAD, TULSA OK 74117
Kristine S Moore	director	28 ENGELHARD DRIVE, PENNINGTON NJ 08831
Steven M Fludder	director	264 NANTASKET ROAD, HULL MA 02045
Christopher Phebus	officer: Vice President - Engineering	28 ENGELHARD DRIVE, MONOROE TOWNSHIP NJ 08831
Matthew T Shafer	officer: CFO and Treasurer	1590 REED ROAD, PENNINGTON NJ 08534