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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. Orbital Infrastructure Group's annualized ROCE % for the quarter that ended in Mar. 2023 was 0.00%.
The historical data trend for Orbital Infrastructure 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.
Orbital Infrastructure Group Annual Data | |||||||||||||||||||||
Trend | Dec13 | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | |||||||||||
ROCE % | Get a 7-Day Free Trial | -37.24 | -33.13 | -67.04 | -33.96 | -186.90 |
Orbital Infrastructure Group Quarterly Data | ||||||||||||||||||||
Jun18 | Sep18 | Dec18 | Mar19 | Jun19 | Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | |
ROCE % | Get a 7-Day Free Trial | -43.72 | -35.99 | -392.79 | -1,018.88 | - |
Orbital Infrastructure Group's annualized ROCE % for the fiscal year that ended in Dec. 2022 is calculated as:
ROCE % | = | EBIT | / | ( (Capital Employed | + | Capital Employed) | / count ) |
(A: Dec. 2022 ) | (A: Dec. 2021 ) | (A: Dec. 2022 ) | |||||
= | EBIT | / | ( ( (Total Assets - Total Current Liabilities) | + | (Total Assets - Total Current Liabilities) ) | / count ) | |
(A: Dec. 2022 ) | (A: Dec. 2021 ) | (A: Dec. 2022 ) | |||||
= | -239.276 | / | ( ( (412.339 - 134.994) | + | (271.571 - 292.873) ) | / 2 ) | |
= | -239.276 | / | ( (277.345 | + | -21.302) | / 2 ) | |
= | -239.276 | / | 128.0215 | ||||
= | -186.90 % |
Orbital Infrastructure Group's ROCE % of for the quarter that ended in Mar. 2023 is calculated as:
ROCE % | = | EBIT (1) | / | ( (Capital Employed | + | Capital Employed) | / count ) |
(Q: Mar. 2023 ) | (Q: Dec. 2022 ) | (Q: Mar. 2023 ) | |||||
= | EBIT | / | ( ( (Total Assets - Total Current Liabilities) | + | (Total Assets - Total Current Liabilities) ) | / count ) | |
(Q: Mar. 2023 ) | (Q: Dec. 2022 ) | (Q: Mar. 2023 ) | |||||
= | -34.228 | / | ( ( (271.571 - 292.873) | + | (268.213 - 407.101) ) | / 2 ) | |
= | -34.228 | / | ( ( -21.302 | + | -138.888 ) | / 2 ) | |
= | -34.228 | / | -80.095 | ||||
= | 0 % |
(1) Note: The EBIT data used here is four times the quarterly (Mar. 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.
Orbital Infrastructure Group (OTCPK:OIGBQ) 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.
Thank you for viewing the detailed overview of Orbital Infrastructure Group's ROCE % provided by GuruFocus.com. Please click on the following links to see related term pages.
Steve Cochennet | director | 4500 GREENWICH PLACE, AMARILLO TX 79119 |
James F Oneil | director | C/O FIRSTENERGY CORP., 76 SOUTH MAIN STREET, AKRON OH 44308 |
Nicholas M Grindstaff | officer: Chief Financial Officer | QUANTA SERVICES, INC., 2800 POST OAK BLVD., SUITE 2600, HOUSTON TX 77056-6175 |
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Jerry Sue Thornton | director | C/O BARNES & NOBLE EDUCATION, INC., 120 MOUNTAIN VIEW BLVD, BASKING RIDGE NJ 07920 |
Laforrest V Williams | director | 1924 ALDINE WESTERN, HOUSTON TX 77038-1204 |
Paul T Addison | director | C/O FIRSTENERGY CORP., 76 S. MAIN ST., AKRON OH 44308 |
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Matthew Murdock Mckenzie | director, officer: Corporate Secretary | 13120 SW BEDFORD ST, TIGARD OR 97224 |
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Thomas A Price | director | 601 BRANNAN STREET, SAN FRANCISCO CA 94107 |
Joseph A Mills | director | EAGLE ROCK ENERGY PARTNERS, L.P., P.O. BOX 2968, HOUSTON TX 77252-2968 |
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