Aurora Solar Technologies (STU:A82) ROCE % : 57.91% (As of Dec. 2023)

View and export this data going back to 2013. Start your Free Trial

What is Aurora Solar 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. Aurora Solar Technologies's annualized ROCE % for the quarter that ended in Dec. 2023 was 57.91%.

Aurora Solar Technologies ROCE % Historical Data

The historical data trend for Aurora Solar 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.

* Premium members only.

Aurora Solar Technologies ROCE % Chart

Aurora Solar Technologies Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

ROCE %

Get a 7-Day Free Trial

-131.14

-21.87

-119.66

-150.16

-107.93

Aurora Solar Technologies Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial															-14.54	-110.32	-16.47	-15.19	57.91

Aurora Solar Technologies ROCE % Calculation

Aurora Solar Technologies's annualized ROCE % for the fiscal year that ended in Mar. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Mar. 2023 )		(A: Mar. 2022 )		(A: Mar. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Mar. 2023 )		(A: Mar. 2022 )		(A: Mar. 2023 )
	=	-3.177	/	( ( (2.287 - 0.342)	+	(6.431 - 2.489) )	/ 2 )
	=	-3.177	/	( (1.945	+	3.942)	/ 2 )
	=	-3.177	/	2.9435
	=	-107.93 %

Aurora Solar Technologies's ROCE % of for the quarter that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	2.32	/	( ( (7.639 - 3.938)	+	(8.095 - 3.783) )	/ 2 )
	=	2.32	/	( ( 3.701	+	4.312 )	/ 2 )
	=	2.32	/	4.0065
	=	57.91 %

(1) Note: The EBIT data used here is four times the quarterly (Dec. 2023) EBIT data.

Aurora Solar Technologies (STU:A82) 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.

Aurora Solar Technologies ROCE % Related Terms

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

Aurora Solar Technologies (STU:A82) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Aurora Solar Technologies Inc (STU:A82) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

AACTF:USA ACU:Canada

Address

788 Harbourside Drive, Suite 100, North Vancouver, Vancouver, BC, CAN, V7P 3R7

Website

https://www.aurorasolartech.com

Aurora Solar Technologies Inc is engaged in the delivery of inline process measurement, analysis, and control systems for solar cell manufacturers. Its products are DM Instruments, Insight, and Visualize. The company's only operating segment being the development, manufacturing, and marketing, material inspection and inline quality control systems for the solar polysilicon, wafer, cell, and module manufacturing industries.

Aurora Solar Technologies (STU:A82) Headlines

No Headlines