Aehr Test Systems (STU:AYB) ROCE % : -4.72% (As of Nov. 2024)

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What is Aehr Test Systems 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. Aehr Test Systems's annualized ROCE % for the quarter that ended in Nov. 2024 was -4.72%.

Aehr Test Systems ROCE % Historical Data

The historical data trend for Aehr Test Systems'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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Aehr Test Systems ROCE % Chart

Aehr Test Systems Annual Data

Trend

May15

May16

May17

May18

May19

May20

May21

May22

May23

May24

ROCE %

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-15.85

-26.79

25.05

19.87

10.14

Aehr Test Systems Quarterly Data
	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24	May24	Aug24	Nov24
ROCE %	Get a 7-Day Free Trial															24.47	-8.83	9.68	0.51	-4.72

Aehr Test Systems ROCE % Calculation

Aehr Test Systems's annualized ROCE % for the fiscal year that ended in May. 2024 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: May. 2024 )		(A: May. 2023 )		(A: May. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: May. 2024 )		(A: May. 2023 )		(A: May. 2024 )
	=	9.322	/	( ( (90.292 - 15.003)	+	(118.319 - 9.72) )	/ 2 )
	=	9.322	/	( (75.289	+	108.599)	/ 2 )
	=	9.322	/	91.944
	=	10.14 %

Aehr Test Systems's ROCE % of for the quarter that ended in Nov. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Nov. 2024 )		(Q: Aug. 2024 )		(Q: Nov. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Nov. 2024 )		(Q: Aug. 2024 )		(Q: Nov. 2024 )
	=	-5.7	/	( ( (132.297 - 13.986)	+	(134.028 - 11.037) )	/ 2 )
	=	-5.7	/	( ( 118.311	+	122.991 )	/ 2 )
	=	-5.7	/	120.651
	=	-4.72 %

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

Aehr Test Systems (STU:AYB) 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.

Aehr Test Systems ROCE % Related Terms

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Aehr Test Systems Business Description

Industry

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AEHR:USA AYB:Germany

Address

400 Kato Terrace, Fremont, CA, USA, 94539

Website

https://www.aehr.com

Aehr Test Systems is engaged in test systems for burning-in and testing logic, optical, and memory integrated circuits. Increased quality and reliability needs of the Automotive and Mobility integrated circuit markets. The Company operates in one business segment, the designing, manufacturing, marketing and selling of advanced test and burn-in products to the semiconductor manufacturing industry in several geographic areas. The company provides production solutions across the product manufacturing flow to improve yield and reliability and has developed and introduced several inventive products, including the ABTSTM and FOX-PTM families of test and burn-in systems and FOX WaferPakTM Aligner, FOX-XP WaferPak Contactor, FOX DiePak Carrier and FOX DiePak Loader.

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