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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. Ondas Holdings's annualized ROCE % for the quarter that ended in Dec. 2023 was -86.93%.
The historical data trend for Ondas Holdings'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.
Ondas Holdings Annual Data | |||||||||||||||||||
Trend | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | ||||||||||
ROCE % | Get a 7-Day Free Trial | - | -545.54 | -26.96 | -73.90 | -61.91 |
Ondas Holdings 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 | -160.69 | -70.20 | -54.06 | -42.45 | -86.93 |
Ondas Holdings'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 ) | |||||
= | -40.69 | / | ( ( (97.945 - 22.726) | + | (92.165 - 35.94) ) | / 2 ) | |
= | -40.69 | / | ( (75.219 | + | 56.225) | / 2 ) | |
= | -40.69 | / | 65.722 | ||||
= | -61.91 % |
Ondas Holdings'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 ) | |||||
= | -52.728 | / | ( ( (100.645 - 35.555) | + | (92.165 - 35.94) ) | / 2 ) | |
= | -52.728 | / | ( ( 65.09 | + | 56.225 ) | / 2 ) | |
= | -52.728 | / | 60.6575 | ||||
= | -86.93 % |
(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.
Ondas Holdings (NAS:ONDS) 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 Ondas Holdings's ROCE % provided by GuruFocus.com. Please click on the following links to see related term pages.
Richard M Cohen | director | C/O CARNEGIE INTERNATIONAL CORP, 11350 MCCORMICK ROAD EXECUTIVE PLAZA #3, HUNT VALLEY MD 21031 |
Joseph V Popolo | 10 percent owner | 3899 MAPLE AVENUE, SUITE 100, DALLAS TX 75219 |
Yishay Curelaru | officer: CFO, Treasurer and Secretary | 14 HAMEYASDIM ST., YESOD HAMAALA L3 1210500 |
Richard H Silverman | director | 165 GIBRALTAR COURT, SUNNYVALE CA 94089 |
Jaspreet K Sood | director | 61 OLD SOUTH ROAD, #495, NANTUCKET MA 02554 |
Randy Seidl | director | C/O ONDAS HOLDINGS INC., 165 GIBRALTAR CT., SUNNYVALE CA 94089 |
Thomas Bushey | director, officer: President | 55 EAST 52ND STREET, NEW YORK NY 10055 |
Reese Mozer | officer: President | 411 WAVERLEY OAKS ROAD, SUITE 114, WALTHAM MA 02452 |
Derek Reisfield | director | 165 GIBRALTAR COURT, SUNNYVALE CA 94089 |
Stewart Kantor | director, officer: CFO, Pres., Sec., Treasurer | 165 GIBRALTAR COURT, SUNNYVALE CA 94089 |
Eric A Brock | director, officer: CEO and Chairman | 165 GIBRALTAR COURT, SUNNYVALE CA 94089 |
Robert J Smith | 10 percent owner | 13650 FIDDLESTICKS BLVD., SUITE 202-324, FT. MYERS FL 33912 |
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