Palladyne AI (Palladyne AI) ROCE % : -59.86% (As of Mar. 2024)

View and export this data going back to 2021. Start your Free Trial

What is Palladyne AI 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. Palladyne AI's annualized ROCE % for the quarter that ended in Mar. 2024 was -59.86%.

Palladyne AI ROCE % Historical Data

The historical data trend for Palladyne AI'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.

* Premium members only.

Palladyne AI ROCE % Chart

Palladyne AI Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

ROCE %

-60.87

-61.32

-55.23

-79.41

Palladyne AI Quarterly Data
	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial										-62.77	-79.71	-78.67	-88.46	-59.86

Palladyne AI ROCE % Calculation

Palladyne AI'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 )
	=	-83.01	/	( ( (167.625 - 10.532)	+	(60.426 - 8.456) )	/ 2 )
	=	-83.01	/	( (157.093	+	51.97)	/ 2 )
	=	-83.01	/	104.5315
	=	-79.41 %

Palladyne AI'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 )
	=	-29.08	/	( ( (60.426 - 8.456)	+	(50.402 - 5.217) )	/ 2 )
	=	-29.08	/	( ( 51.97	+	45.185 )	/ 2 )
	=	-29.08	/	48.5775
	=	-59.86 %

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

Palladyne AI (NAS:PDYNW) 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.

Palladyne AI ROCE % Related Terms

Thank you for viewing the detailed overview of Palladyne AI's ROCE % provided by GuruFocus.com. Please click on the following links to see related term pages.

Palladyne AI (Palladyne AI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Palladyne AI Corp (NAS:PDYNW) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

PDYN:USA

Address

650 South 500 West, Suite 150, Salt Lake City, UT, USA, 84101

Website

https://www.sarcos.com

Sarcos Technology & Robotics Corp designs, develops and manufactures a broad range of advanced mobile robotic systems that redefine human possibilities and are designed to enable the safest, most productive workforce in the world. The company operates in challenging, unstructured industrial environments and includes teleoperated robotic systems, a powered robotic exoskeleton, and software solutions that enable task autonomy.