American Superconductor (FRA:AMS1) ROCE % : -2.65% (As of Dec. 2023)

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What is American Superconductor 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. American Superconductor's annualized ROCE % for the quarter that ended in Dec. 2023 was -2.65%.

American Superconductor ROCE % Historical Data

The historical data trend for American Superconductor'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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American Superconductor ROCE % Chart

American Superconductor Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

ROCE %

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-24.85

-26.88

-18.47

-22.59

-30.66

American Superconductor Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial															-36.05	-22.72	-17.67	-7.15	-2.65

American Superconductor ROCE % Calculation

American Superconductor's annualized ROCE % for the fiscal year that ended in Mar. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Mar. 2023 )		(A: Mar. 2022 )		(A: Mar. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Mar. 2023 )		(A: Mar. 2022 )		(A: Mar. 2023 )
	=	-29.786	/	( ( (157.889 - 48.999)	+	(163.974 - 78.557) )	/ 2 )
	=	-29.786	/	( (108.89	+	85.417)	/ 2 )
	=	-29.786	/	97.1535
	=	-30.66 %

American Superconductor'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 )
	=	-2.148	/	( ( (160.533 - 79.893)	+	(152.537 - 71.114) )	/ 2 )
	=	-2.148	/	( ( 80.64	+	81.423 )	/ 2 )
	=	-2.148	/	81.0315
	=	-2.65 %

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

American Superconductor (FRA:AMS1) 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.

American Superconductor ROCE % Related Terms

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American Superconductor (FRA:AMS1) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » American Superconductor Corp (FRA:AMS1) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

AMSC:USA AMSC:Mexico AMS1:Germany

Address

114 East Main Street, Ayer, MA, USA, 01432

Website

https://www.amsc.com

American Superconductor Corp generates the ideas, technologies, and solutions that meet world's demand for smarter, cleaner and energy. Through its Windtec Solutions, the company enables manufacturers to launch wind turbines quickly, effectively and profitably. Through its Gridtec Solutions, the company provides engineering planning services and grid systems that optimize network reliability, efficiency and performance. The company's segment includes Grid and Wind. It generates maximum revenue from the Grid segment.

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