Augwind Energy Tech Storage (XTAE:AUGN) ROCE % : -16.17% (As of Jun. 2024)

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What is Augwind Energy Tech Storage 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. Augwind Energy Tech Storage's annualized ROCE % for the quarter that ended in Jun. 2024 was -16.17%.

Augwind Energy Tech Storage ROCE % Historical Data

The historical data trend for Augwind Energy Tech Storage'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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Augwind Energy Tech Storage ROCE % Chart

Augwind Energy Tech Storage Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-2,314.77

-24.36

-38.32

-55.07

-30.61

Augwind Energy Tech Storage Semi-Annual Data
	Dec13	Dec14	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
ROCE %	Get a 7-Day Free Trial															-41.10	-71.10	-33.61	-30.73	-16.17

Augwind Energy Tech Storage ROCE % Calculation

Augwind Energy Tech Storage'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 )
	=	-25.859	/	( ( (115.485 - 10.582)	+	(75.328 - 11.265) )	/ 2 )
	=	-25.859	/	( (104.903	+	64.063)	/ 2 )
	=	-25.859	/	84.483
	=	-30.61 %

Augwind Energy Tech Storage's ROCE % of for the quarter that ended in Jun. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jun. 2024 )		(Q: Dec. 2023 )		(Q: Jun. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jun. 2024 )		(Q: Dec. 2023 )		(Q: Jun. 2024 )
	=	-9.86	/	( ( (75.328 - 11.265)	+	(66.635 - 8.755) )	/ 2 )
	=	-9.86	/	( ( 64.063	+	57.88 )	/ 2 )
	=	-9.86	/	60.9715
	=	-16.17 %

(1) Note: The EBIT data used here is two times the semi-annual (Jun. 2024) EBIT data.

Augwind Energy Tech Storage (XTAE:AUGN) 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.

Augwind Energy Tech Storage ROCE % Related Terms

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Augwind Energy Tech Storage Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Augwind Energy Tech Storage Ltd (XTAE:AUGN) » Definitions » ROCE %

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Address

8 Pinhas Sapir Street, Rehovot Science Park, 3rd floor, Ness Ziona, ISR, 7414003

Website

https://www.aug-wind.com

Augwind Energy Tech Storage Ltd is an Israel based technology company. It is engaged in installing and maintaining operational compressed air storage units throughout Israel. The company offers its products to the electricity sector, solar farms, industrial plants, and wind farms.

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