Aurrigo International (LSE:AURR) ROCE % : -33.74% (As of Jun. 2023)

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What is Aurrigo International 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. Aurrigo International's annualized ROCE % for the quarter that ended in Jun. 2023 was -33.74%.

Aurrigo International ROCE % Historical Data

The historical data trend for Aurrigo International'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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Aurrigo International ROCE % Chart

Aurrigo International Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

ROCE %

31.12

-1.34

3.07

-25.74

Aurrigo International Semi-Annual Data
	Dec19	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
ROCE %	Get a 7-Day Free Trial			-4.36	9.67	-10.37	-42.62	-33.74

Aurrigo International ROCE % Calculation

Aurrigo International'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 )
	=	-2.47	/	( ( (8.194 - 1.264)	+	(13.732 - 1.469) )	/ 2 )
	=	-2.47	/	( (6.93	+	12.263)	/ 2 )
	=	-2.47	/	9.5965
	=	-25.74 %

Aurrigo International's ROCE % of for the quarter that ended in Jun. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jun. 2023 )		(Q: Dec. 2022 )		(Q: Jun. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jun. 2023 )		(Q: Dec. 2022 )		(Q: Jun. 2023 )
	=	-3.85	/	( ( (13.732 - 1.469)	+	(12.383 - 1.825) )	/ 2 )
	=	-3.85	/	( ( 12.263	+	10.558 )	/ 2 )
	=	-3.85	/	11.4105
	=	-33.74 %

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

Aurrigo International (LSE:AURR) 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.

Aurrigo International ROCE % Related Terms

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Aurrigo International (LSE:AURR) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Aurrigo International PLC (LSE:AURR) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Humber Avenue, Unit 33, Bilton Industrial Estate, Coventry, GBR, CV3 1JL

Website

https://www.aurrigo.com

Aurrigo International PLC offers transport technology solutions. The company provides autonomous and semi-autonomous technology solutions for the aviation, ground handling, and cargo industries. The Group designs, engineers, manufactures, and supplies OEM products and autonomous vehicles to the automotive, aviation, and transport industries.

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