ROWA definition

ROWA means, with respect to the Motorparts Division, the fiscal year earnings before interest, taxes and intangible amortization, divided by monthly average Working Assets, expressed as a percentage.
View Source
ROWA shall be expressed as a percentage and will be equal to the fiscal year earnings before interest, taxes and intangible amortization, divided by monthly average “Working Assets.” “Working Assets” is equal to accounts receivable plus inventory, less accounts payable, plus PP&E (plant, property and equipment), capitalized software, plus investment in non-consolidated joint ventures. The ROWA calculation will assume factoring levels remain consistent with 2017 budget levels.
View Source
ROWA shall be expressed as a percentage and will be equal to Operational Earnings before interest, taxes and intangible amortization, divided by monthly average “Working Assets.” “Working Assets” is equal to accounts receivable plus inventory, less accounts payable, plus PP&E (plant, property and equipment), capitalized software, plus investment in non-consolidated joint ventures. The ROWA calculation will assume factoring levels remain consistent with 2018 budget levels. Notwithstanding anything herein to the contrary, for purposes of calculating Operational EBITDA, ROWA and Net Sales, the Compensation Committee may, in its sole and absolute discretion, adjust the calculation of Operational EBITDA, ROWA and Net Sales, or their respective targets, based on approved capital expansion plans, acquisitions, changes in foreign currency exchange rates and other changes in Company business for events or actions during the course of the Performance Period that vary from business plan assumptions or that are unusual, infrequent and/or non-recurring (including but not limited to goodwill impairments or legacy costs). For purposes of clarification, the Operational EBITDA performance target set forth in Section 6 is based on the Company’s current business plan. Performance Metrics: Two Elements (see Appendix A):
View Source

Examples of ROWA in a sentence

  • The performance measure for the Performance Period shall have two elements; the cumulative Operational EBITDA for the Performance Period and Return on Working Assets (ROWA).

  • The consultant is expected to conduct the work within 4 months through field visits, interviews, and consultation with the IUCN ROWA and relevant stakeholders as needed (an estimated total of 30 working days distributed over the 4 months) to conduct the tasks.

  • The performance measure for the Performance Period shall have two elements: the cumulative Operational EBITDA for the Performance Period; and ROWA (as defined below) for the Performance Period.

  • The upgrade increased utilisation of robotics by enabling storage of an additional 800 products in the ROWA and reduced person hours per stocktake by reducing the number of excess stock bin locations by 1786.

  • The performance measure for the Performance Period shall have three elements: Operational EBITDA (as defined below) for the Performance Period; ROWA (as defined below) for the Performance Period and Net Sales for the Performance Period (as defined below).

  • The ROWA calculation will assume factoring levels remain constant with levels as at December 31, 2015.