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Electreon Wireless (XTAE:ELWS) ROCE % : -64.69% (As of Dec. 2023)


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What is Electreon Wireless 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. Electreon Wireless's annualized ROCE % for the quarter that ended in Dec. 2023 was -64.69%.

Electreon Wireless ROCE % Historical Data

The historical data trend for Electreon Wireless'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.

Electreon Wireless ROCE % Chart

Electreon Wireless Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
ROCE %
Get a 7-Day Free Trial Premium Member Only Premium Member Only -112.34 -25.50 -33.94 -55.98 -63.21

Electreon Wireless Quarterly Data
Jun18 Dec18 Jun19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
ROCE % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -72.01 -51.48 -59.04 -58.43 -64.69

Electreon Wireless ROCE % Calculation

Electreon Wireless'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 )
=-75.373/( ( (146.476 - 20.535) + (129.162 - 16.608) )/ 2 )
=-75.373/( (125.941+112.554)/ 2 )
=-75.373/119.2475
=-63.21 %

Electreon Wireless'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 )
=-78.444/( ( (147.636 - 17.649) + (129.162 - 16.608) )/ 2 )
=-78.444/( ( 129.987 + 112.554 )/ 2 )
=-78.444/121.2705
=-64.69 %

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

* 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.

Electreon Wireless  (XTAE:ELWS) 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.

Electreon Wireless ROCE % Related Terms

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Electreon Wireless (XTAE:ELWS) Business Description

Industry
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Traded in Other Exchanges
ELWSF:USA
Address
Hadasa Neurim Youth Village, Beit Yanai, ISR, 4029800
Website
https://www.electreon.com
Electreon Wireless Ltd is engaged in developing smart road technology designed for wireless charging solutions for electric vehicles (EVs). The company delivers cost-effective, end-to-end charging infrastructure and services. It also includes dynamic charging wireless Electric Roads, to fleet operators through flexible business models accelerating electric vehicle adoption.