AAC Clyde Space AB (OSTO:AAC) ROCE % : 5.04% (As of Sep. 2024)

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What is AAC Clyde Space AB 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. AAC Clyde Space AB's annualized ROCE % for the quarter that ended in Sep. 2024 was 5.04%.

AAC Clyde Space AB ROCE % Historical Data

The historical data trend for AAC Clyde Space AB'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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AAC Clyde Space AB ROCE % Chart

AAC Clyde Space AB Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-8.91

-7.19

-6.35

-6.67

-5.33

AAC Clyde Space AB Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
ROCE %	Get a 7-Day Free Trial															-0.51	-15.60	-0.93	-15.40	5.04

AAC Clyde Space AB ROCE % Calculation

AAC Clyde Space AB'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 )
	=	-36.982	/	( ( (881.401 - 181.965)	+	(938.37 - 249.389) )	/ 2 )
	=	-36.982	/	( (699.436	+	688.981)	/ 2 )
	=	-36.982	/	694.2085
	=	-5.33 %

AAC Clyde Space AB's ROCE % of for the quarter that ended in Sep. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2024 )		(Q: Jun. 2024 )		(Q: Sep. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2024 )		(Q: Jun. 2024 )		(Q: Sep. 2024 )
	=	34.12	/	( ( (964.286 - 288.375)	+	(965.698 - 287.523) )	/ 2 )
	=	34.12	/	( ( 675.911	+	678.175 )	/ 2 )
	=	34.12	/	677.043
	=	5.04 %

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

AAC Clyde Space AB (OSTO:AAC) 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.

AAC Clyde Space AB ROCE % Related Terms

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AAC Clyde Space AB Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Aerospace & Defense » AAC Clyde Space AB (OSTO:AAC) » Definitions » ROCE %

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ACCMF:USA 0GFN:UK MKC0:Germany

Address

Dag Hammarskjolds vag 48, Uppsala Science Park, Uppsala, SWE, SE-751 83

Website

https://www.aac-clyde.space

AAC Clyde Space AB is engaged in the design and manufacture of standardized, satellite platforms as well as subsystems and sensors. The group has six reportable segments: AAC Clyde Space (Swedish operation); Clyde Space (Scottish operation); Hyperion Technologies (Netherland operation); SpaceQuest (United States operations); Omnisys Instruments (operations in Gothenburg, Sweden); and AAC Space Africa (operations in South Africa). Its geographical segments are Sweden, the United Kingdom, the Rest of Europe, the United States, Asia, and the Rest of the world.