AYRO (STU:WR4) ROCE % : -45.24% (As of Mar. 2024)

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What is AYRO 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. AYRO's annualized ROCE % for the quarter that ended in Mar. 2024 was -45.24%.

AYRO ROCE % Historical Data

The historical data trend for AYRO'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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AYRO ROCE % Chart

AYRO Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

-2,196.26

-51.16

-59.18

-38.04

-54.75

AYRO Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial															-46.01	-55.86	-50.50	-73.25	-45.24

AYRO ROCE % Calculation

AYRO'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 )
	=	-25.819	/	( ( (51.911 - 2.113)	+	(48.476 - 3.951) )	/ 2 )
	=	-25.819	/	( (49.798	+	44.525)	/ 2 )
	=	-25.819	/	47.1615
	=	-54.75 %

AYRO's ROCE % of for the quarter that ended in Mar. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	-19.196	/	( ( (48.476 - 3.951)	+	(44.043 - 3.708) )	/ 2 )
	=	-19.196	/	( ( 44.525	+	40.335 )	/ 2 )
	=	-19.196	/	42.43
	=	-45.24 %

(1) Note: The EBIT data used here is four times the quarterly (Mar. 2024) EBIT data.

AYRO (STU:WR4) 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.

AYRO ROCE % Related Terms

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AYRO (STU:WR4) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » AYRO Inc (STU:WR4) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

AYRO:USA

Address

900 East Old Settlers Boulevard, Suite 100, Round Rock, TX, USA, 78664

Website

https://www.ayro.com

AYRO Inc design and manufacture compact, sustainable electric vehicles for closed campus mobility, low-speed urban and community transport, local on-demand and last-mile delivery, and government use. It operates as one reportable segment, which is the design, development, manufacturing, and sales of electric vehicles, and operates in the United States, and its revenue was generated in the United States.

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