Applied Optoelectronics (AAOI) Return on Capital Employed [ROCE] (2013 - 2026)
Applied Optoelectronics (AAOI) recorded Return on Capital Employed [ROCE] of -4.48% in Q2 2026, up 5.03 percentage points from -9.51% a year earlier and up 0.82 percentage points from the prior quarter.
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Analysis
Applied Optoelectronics (AAOI) Return on Capital Employed [ROCE] (2013 - 2026) Analysis & Trends
For FY2025, Applied Optoelectronics reported Return on Capital Employed [ROCE] of -9.09%, up 14.70 percentage points from FY2024.
- Annual Return on Capital Employed [ROCE] has a five-year change of +4.08 percentage points (FY2020 to FY2025).
- Across earlier years, Return on Capital Employed [ROCE] came in at -23.79% in FY2024 (-10.25 pp), -13.54% in FY2023 (+6.61 pp), -20.15% in FY2022 (-4.32 pp) and -15.83% in FY2021 (-2.65 pp).
- The Q2 2026 figure is the highest quarterly Return on Capital Employed [ROCE] since Q4 2018.
- On a year-over-year basis, Return on Capital Employed [ROCE] has increased for six consecutive quarters, with an average year-over-year change of +7.48 percentage points over the last eight quarters.
- Peak year-over-year performance for Return on Capital Employed [ROCE] in the last five years was a gain of 18.57 percentage points in Q3 2025, against a drop of 15.84 percentage points in Q2 2023 at the low end.
- Per Business Quant, the preceding three quarters came in at -5.30% (Q1 2026), -6.69% (Q4 2025) and -7.76% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROCE (Qtr) |
|---|---|---|---|---|---|
| 1 | Apple | 4,874.86 Bn | 4,622.35 Bn | 54.77 Bn | 67.97% |
| 2 | Cisco Systems | 442.74 Bn | 378.67 Bn | 11.06 Bn | 17.86% |
| 3 | Dell Technologies | 360.03 Bn | 315.78 Bn | 9.83 Bn | 38.06% |
| 4 | Arista Networks | 261.51 Bn | 214.96 Bn | 1.91 Bn | 28.65% |
| 5 | Sandisk | 251.12 Bn | 239.64 Bn | 7.58 Bn | 87.19% |
| 6 | Seagate Technology Holdings | 192.54 Bn | 187.54 Bn | 1.90 Bn | 64.93% |
| 7 | Western Digital | 149.92 Bn | 138.05 Bn | 2.03 Bn | 43.60% |
| 8 | Sony | 146.49 Bn | 96.88 Bn | 6.53 Bn | 14.81% |
| 9 | Lumentum Holdings | 96.17 Bn | 87.98 Bn | 477.30 Mn | 11.20% |
| 10 | Applied Optoelectronics | 9.75 Bn | 8.47 Bn | 53.21 Mn | -4.48% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | -4.48% |
| Mar 31, 2026 | -5.30% |
| Dec 31, 2025 | -6.69% |
| Sep 30, 2025 | -7.76% |
| Jun 30, 2025 | -9.51% |
| Mar 31, 2025 | -14.38% |
| Dec 31, 2024 | -22.99% |
| Sep 30, 2024 | -26.33% |
| Jun 30, 2024 | -22.01% |
| Mar 31, 2024 | -16.53% |
| Dec 31, 2023 | -14.35% |
| Sep 30, 2023 | -31.16% |
| Jun 30, 2023 | -33.92% |
| Mar 31, 2023 | -30.96% |
| Dec 31, 2022 | -21.63% |
| Sep 30, 2022 | -18.48% |
| Jun 30, 2022 | -18.08% |
| Mar 31, 2022 | -17.05% |
| Dec 31, 2021 | -16.24% |
| Sep 30, 2021 | -15.03% |
API Access
Applied Optoelectronics Return on Capital Employed [ROCE] API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=return-on-capital-employed-%5Broce%5D&ticker=AAOI&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "return-on-capital-employed-[roce]", "ticker": "AAOI", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=return-on-capital-employed-%5Broce%5D&ticker=AAOI&period=max&api_key=YOUR_API_KEY");
const data = await res.json();