Aerodrome Group (XTAE:ARDM) ROCE % : 2.79% (As of Dec. 2023)

View and export this data going back to 1992. Start your Free Trial

What is Aerodrome Group 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. Aerodrome Group's annualized ROCE % for the quarter that ended in Dec. 2023 was 2.79%.

Aerodrome Group ROCE % Historical Data

The historical data trend for Aerodrome Group'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.

Aerodrome Group ROCE % Chart

Aerodrome Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

Get a 7-Day Free Trial

-177.36

-212.32

-25.73

-20.12

-2.35

Aerodrome Group Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
ROCE %	Get a 7-Day Free Trial															-22.74	-11.05	-29.00	-7.43	2.79

Aerodrome Group ROCE % Calculation

Aerodrome Group'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 )
	=	-1.196	/	( ( (62.952 - 10.859)	+	(59.509 - 9.705) )	/ 2 )
	=	-1.196	/	( (52.093	+	49.804)	/ 2 )
	=	-1.196	/	50.9485
	=	-2.35 %

Aerodrome Group'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: Jun. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Jun. 2023 )		(Q: Dec. 2023 )
	=	1.388	/	( ( (59.66 - 10.04)	+	(59.509 - 9.705) )	/ 2 )
	=	1.388	/	( ( 49.62	+	49.804 )	/ 2 )
	=	1.388	/	49.712
	=	2.79 %

(1) Note: The EBIT data used here is two times the semi-annual (Dec. 2023) EBIT data.

Aerodrome Group (XTAE:ARDM) 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.

Aerodrome Group ROCE % Related Terms

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

Aerodrome Group (XTAE:ARDM) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Education » Aerodrome Group Ltd (XTAE:ARDM) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

10th Amal Street, Afek Industrial Park, Rosh Haayin, ISR, 94158

Website

https://www.aerodrome-ops.com

Aerodrome Group Ltd is a provider of UAS services and solutions. Its UAS operations include UAS Piloting, UAS External Pilot Training, UAS Pilot In Command (PIC) Training, UAS Payload Operator Training, Advanced Mission Training. The company provides four different courses running in parallel; PIC training, O-Level training, external pilot training, and payload operator training. It provides a full envelope of services for defense industries and organizations that wish to use unmanned systems.

Aerodrome Group (XTAE:ARDM) Headlines

No Headlines