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Category Archives: Automation

Focus on Automation: An Interview with Paul Farrell – Software Testing News

Posted: February 15, 2022 at 5:54 am

As part of our focus on Automation, we have talked with Paul Farrell, Quality Automation Lead at Gear4music.

Could you introduce yourself and your current role?

My names Paul Farrell and Im the Quality Automation Engineering Lead at Gear4music.

Can you tell me about your journey and how you got where you are now?

I started my testing journey in the games industry. I had a short work placement at THQ UK, formally known as Juice Games in Warrington, during my University studies. Once I graduated, I worked at Sony Computer Entertainment Europe as a Functionality Tester in the First Party Quality Assurance department (FPQA).

My first Web Application testing role was for a company called Inventive IT where I was introduced to cross-browser testing, APIs, and Agile processes. After that, I became Test Lead at an eCommerce business called Beauty Bay where I was responsible for building their QA processes and automation frameworks from scratch. After 2 years I was approached by Gear4music for what seemed to be my dream job at my dream company.

What inspired you to get involved in the IT industry?

It was inevitable that I would end up working in IT as it was my strongest subject at school. I still remember the first IT lesson we had in Secondary School/High School and everyone was amazed that I could type so fast. I strayed away from tech for a number of years to focus on playing music around the country but I came back to IT in the end.

Why did you decide to specialize in Automation and Testing?

Marek, one of the developers at Inventive IT demonstrated how to automate actions in the browser using Ruby. It instantly sparked my curiosity and I was happy to use it to aid with regression testing.

Also, the CTO at Inventive IT, Nik, showed this cool and upcoming tool at the time called Postman which could use JavaScript to assert values in the API response.Id happily spend hours working on scripts to help out with manual tasks, I find it so interesting and addictive.

Do you have a favorite part of your job?

In the past, Id point to something too cool that I wouldve built. But the best part of my job is to see the other Quality Engineers utilising automation themselves to help with their own tasks.

What makes a good team leader?

In my opinion, a good leader inspires those around them and knows who to use and who to talk to to get the job done. A lead doesnt need to know everything or be a technical wizard, but theyre aware of each team members strengths and weaknesses.

What are some of the challenges you faced during your career?

When I encounter something technical I dont know yet, I really beat myself up about it. I have the usual imposter syndrome thoughts: Youre a leader! You should know how to do this! and doubting why I have the current position I have. But I actually look forward to those moments now as when you power through them and something finally clicks, its such a huge reward and its a humble reminder that you should never stop learning.

What are you the proudest of in your career so far?

Easily one of my proudest moments was to just say Yes to everything and deal with the consequences later. To cut a long story short, this led me to be asked by Postman to speak at Post/Con in 2019. I was flown to San Francisco, which was my first time flying on my own, and I spoke to hundreds of people on their main stage about API testing. At the time, that was completely out of character for me. I still look back at that moment and feel that it was a defining moment in my career and personal life.

What have you learned from your experience so far?

Take risks. Failures are only bad if you dont learn from them. Own your self-development! Do not wait for someone else to train or teach you something. There are so many free resources online to learn things.

What are you aiming for in the future?

To continue to love my job. I genuinely havent had a single morning where Ive dreaded coming to work at Gear4music. I also plan on continuing to mentor the other testers so they can become self-sufficient with all things test automation.

Do you have any advice for aspiring testers?

I mentioned this before, but own your self-development! My career would not have progressed at the rate it did had I not adopted that so early on in my career. The second I was introduced to using JavaScript in Postman, my career completely changed. I was hungry to learn and use these new skills.

Automation is not the only tool in your tester toolbox that you should aspire to have. There are so many different testing avenues such as Security, Performance, Accessibility, etc.

Finally, do you have a memorable story or anecdote from your experience you would like to share with us?

I remember whilst I was working at Sony, I found a game-breaking bug that none of the other testers or developers could replicate. This resulted in Sony sending me on the first train from Liverpool to Brighton the next morning to replicate the bug in front of the developers. I managed to replicate the bug within 15 minutes of me arriving at the studio. It turns out I was pressing the buttons quicker than 0.1 seconds which the developers didnt consider being a possibility. Paul Farrell, the fastest thumbs in the gaming industry!

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Tricentis acquires Testim to extend software test automation in the enterprise – VentureBeat

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Tricentis, a software test automation company used by companies such as Merck, ANZ, and Dell, has acquired AI-enabled rival Testim. Terms of the deal were not disclosed.

The acquisition comes as the global test automation market hit an estimated $20.7 billion in 2021, a figure thats predicted to more than double within five years. This growth is being driven by the simple fact that just about every company today is a software company, while at the same time pressure to ship new features and products more quickly increases the likelihood of bugs entering the production codebase.

One of Tricentiss flagship products isTosca, which brings autonomous continuous testing to developer teams, saving valuable manual resources in the process. Tosca helps DevOps teams design end-to-end software tests across the entire enterprise architecture, including GUIs, APIs, and even ensuring data integrity.

Testim, for its part, is a similar proposition, though it lays claims to being the first test automation solution to use AI, a foundation that was seemingly instrumental in Tricentiss decision to go all in and buy Testim outright. And although Tricentis offers some services under a SaaS model, Testim was created as a SaaS from the get-go, making it easier for companies to adopt cloud-based testing capabilities with flexible consumption models, according to a statement.

Elsewhere, Testim also recently launched a test automation product specifically for the Salesforce ecosystem, opening the doors to the some 150,000 companies that use the CRM.

Testim boasts an impressive array of customers which will no doubt appeal to Tricentis too after launching its Defender Advanced Threat Protection (ATP) enterprise security service back in 2016, Microsoft sought ways to deploy functional, end-to-end test automation on the software to conserve resources across their engineering, QA, and product management teams. They opted for Testim.

While Tricentis and Testim do overlap somewhat, by coming together they are essentially looking to pool their respective strengths.

We plan to leverage the best technology across our portfolios and integrate our offerings to build world-class solutions for software quality assurance, Testim founder and CEO Oren Rubin wrote in a blog post.

VentureBeat's mission is to be a digital town square for technical decision-makers to gain knowledge about transformative enterprise technology and transact. Learn More

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Hedgehog Technologies Joins the Rockwell Automation PartnerNetwork Program as System Integrator – Canada NewsWire

Posted: at 5:54 am

BURNABY, BC, Feb. 14, 2022 /CNW/ - Hedgehog Technologies is proud to join the official PartnerNetwork programby Rockwell Automation(NYSE: ROK), a global leader in industrial automation and robot manufacturing.

The PartnerNetwork programcreates an extensive network of leading suppliers, distributors, system integrators, and OEMs. It allows companies to streamline supply chains, improve project management efficiency, and deliver high value from automation investments.

"We are proud to have Hedgehog Technologies join our PartnerNetwork Program," said Mark Moriarty, manager, PartnerNetwork Program, Rockwell Automation. "The company's market leadership, technical superiority, and experienced staff, along with a true customer-first-focus, make Hedgehog Technologies a good fit in our program."

Hedgehog enters the partnership as a silver-level Controls and Machine SafetySystem Integrator, having demonstrated exceptional project leadership and risk management within the industrial sector.

"This is a major leap forward in terms of providing extended value to companies in the industrial automation sector," said Younes Rashidi, vice president of engineering operations at Hedgehog Technologies. "We look forward to contributing our controls and safety expertise as a System Integrator."

About Hedgehog Technologies

Hedgehog Technologies is a diverse team of electrical engineers who galvanize for a common purpose: to make complex visions a practical reality. Since 2001, Hedgehog Technologies has focused on innovative projects with a safety-critical approach from global amusement rides to solar arrays in extreme climates. Hedgehog employs PMP Project Management Professionals, TV Rheinland certified functional safety experts, Certified Energy Managers (CEM), and Professional Engineers (P.Eng.) with decades of experience.

About Rockwell Automation

Rockwell Automation, Inc. (NYSE: ROK), the world's largest company dedicated to industrial automation and information, makes its customers more productive and the world more sustainable. Headquartered in Milwaukee, Wis., Rockwell Automation employs about 23,000 people serving customers in more than 80 countries.

SOURCE Hedgehog Technologies Inc.

For further information: Media Contact: Cale Boudreau, Marketing Coordinator, Email: [emailprotected], Phone: +1.604.210.0204

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SCADA Markets – Global Forecast to 2028: Growing Demand for Smart and Digitized Production Processes & Rising Adoption of Automated Technologies…

Posted: at 5:54 am

DUBLIN, Feb. 14, 2022 /PRNewswire/ -- The "SCADA Market by Component, Deployment Mode, End User - Global Forecast to 2028" report has been added to ResearchAndMarkets.com's offering.

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The global supervisory control and data acquisition (SCADA) market is expected to grow at a CAGR of 14.7% from 2021 to 2028 to reach $57.2 billion by 2028.

Succeeding extensive secondary and primary research and in-depth analysis of the market scenario, the report carries out an impact analysis of the key industry drivers, restraints, and opportunities. The increasing demand for automated industrial control solutions and growing investment for installing automated and connected process & control systems to gain efficiency over human labor-based operations are some of the major drivers for the growth of this market.

Several companies are investing in automation technologies to gain cost-saving and productivity benefits. Additionally, the innovation of cloud-based SCADA systems offering enhanced collaboration and control over different processes and operations will propel the demand for SCADA systems in the coming years.

The COVID-19 pandemic has negatively impacted the global industrial operations and manufacturing activities, further impacting the SCADA market. Limited consumption of luxury goods, electronics, automotive, and fluctuation in the oil & gas prices during the pandemic and country-wide lockdowns has reduced the sales in respective industries, further limiting the demand for automation and SCADA solutions.

These factors highly impacted the investment of the end-users in industrial control solutions in 2020. The global market for SCADA will steadily recover in 2021 and 2022 as companies will witness a need for efficient control & monitoring solutions that work better than human labor.

Based on component, the SCADA market is segmented into hardware, software, and services. In 2021, the hardware segment is estimated to account for the largest share of the SCADA market. High demand for HMI, PLC, and RTUs in industrial control & automation solutions for providing efficient results and control over the manufacturing processes is driving the demand for SCADA hardware. Industry players are developing HMI and advanced PLCs in the modern SCADA systems that can work with cloud-based SCADA solutions.

Based on deployment mode, the market is segmented into on-premise, cloud-based, and hybrid. In 2021, the on-premise segment is estimated to account for the largest share of the market. On-premise solutions are implemented by several SMEs and companies with limited investment capability, as on-cloud solutions require huge costs. In on-premise software infrastructure, SCADA software is stored on the organization's hardware, offering better control over data, high security, and privacy.

Based on end user, in 2021, the oil & gas segment is estimated to account for the largest share of the market due to the increased utilization of SCADA solutions to monitor the oil & gas processing operations.

Story continues

Modernization of internal processes in the oil exploration & production process offers the managers and employees better access to information related to operation & maintenance, streamline production & distribution, and high yield benefits. In the oil & gas industry, the SCADA system plays an important role in preventing leakage along the pipeline. SCADA systems in the oil & gas industry reduce personal visits to the site, leading to route and dispatch optimization, further supporting market growth.

An in-depth analysis of the geographical scenario of the global SCADA market provides detailed qualitative and quantitative insights about the five major geographies (North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa) along with the coverage of major countries in each region.

In 2021, Asia-Pacific is estimated to command the largest share of the market, followed by Europe and Asia-Pacific. Factors such as high technical awareness related to industrial control solutions in China, Japan, and South Korea; presence of a large industrial sector; robust manufacturing capability; adoption of Industry 4.0 technologies; and transformation to smart factories are driving the growth of the APAC market.

Market Dynamics

Drivers

Rising Adoption of Automated Technologies Across Europe and Asia-Pacific

Increasing Adoption of Industry 4.0

Growing Demand for Smart and Digitized Production Processes

Government Support & Initiatives for Industrial Automation

Restraints

Opportunities

Value Chain Analysis

Companies Mentioned

The key players operating in the global SCADA market are

Rockwell Automation Inc. (U.S.)

Siemens AG (Germany)

Eaton Corporation plc (Ireland)

Schneider Electric SE (France)

ABB Ltd (Switzerland)

Yokogawa Electric Corporation (Japan)

General Electric Company (U.S.)

Emerson Electric Co. (U.S.)

Honeywell International Inc. (U.S.)

Mitsubishi Electric Corporation (Japan)

OMRON Corporation (Japan)

Pilz GmbH & Co. KG (Germany)

Survalent Technology Corporation (Canada)

Valmet (Finland)

and Hitachi (Japan)

Scope

Market by Component

Hardware

Programmable Logic Controller (PLC)

Remote Terminal Unit (RTU)

Communication Systems

Human-machine Interface (HMI)

Other Hardware Components

Software

Services

Professional Services

Managed Services

Market by Deployment Mode

On-premise

Cloud-based

Hybrid

Market by End User

Market by Geography

For more information about this report visit https://www.researchandmarkets.com/r/gvtfkk

Media Contact:

Research and Markets Laura Wood, Senior Manager press@researchandmarkets.com

For E.S.T Office Hours Call +1-917-300-0470 For U.S./CAN Toll Free Call +1-800-526-8630 For GMT Office Hours Call +353-1-416-8900

U.S. Fax: 646-607-1904 Fax (outside U.S.): +353-1-481-1716

Cision

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SOURCE Research and Markets

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Wauseon Machine and Manufacturing Acquires McAlister Design to Expand Its Robotic Automation Capabilities and Footprint – Business Wire

Posted: at 5:54 am

WAUSEON, Ohio--(BUSINESS WIRE)--Wauseon Machine and Manufacturing, Inc. (Wauseon Machine), a provider of robotics automation, tube fabrication equipment, and build-to-print precision machined parts, is pleased to announce it has acquired McAlister Design and Automation LLC (McAlister Design) of Greenville, SC, to further Wauseon Machines aim of creating comprehensive automation solutions to meet the needs of customers, both current and future. This acquisition is a springboard for Wauseon Machines ambitious growth plans to make its automation capabilities and services available in more regions of the country.

At Wauseon Machine, we are strategically looking for companies that can complement and expand our existing capabilities, which will allow us to better serve our customers needs and help them improve their business, noted Scott Anair, president and CEO, Wauseon Machine and Manufacturing. The acquisition of McAlister Design, with their impressive team, capabilities and location, aligns extremely well with this strategy.

Wauseon Machine has been in an expansion mode since the appointment of Anair as president and CEO in 2020. With the McAlister acquisition, Wauseon Machine will double the size of its automation business overnight and position the company for double-digit growth moving forward.

Based in Greenville, SC, McAlister Design was founded in 1992 and built on the idea of being a trusted source for automation needs. Noted as one of the largest privately owned automation companies in Upstate South Carolina, McAlister Design has been recognized as a premier robotics systems integrator through its comprehensive suite of services. In addition to its industry-leading automation capabilities and expertise, McAlisters four facilities, totaling 48,000 sq. ft., bring significantly more capacity, both in floor space and technical resources, for automation projects.

What stuck out to me from our earliest conversations with Wauseon Machine is the level of respect they had for our history and our people, said Troy McAlister, founder and president, McAlister Design. Family businesses understand family businesses, and in the case of Wauseon Machine, they know this industry and aspire to be true leaders in the space. We look forward to being part of Wauseon Machines future.

About Wauseon Machine and Manufacturing

Wauseon Machine and Manufacturing, Inc. founded in 1983 headquartered in Wauseon, Ohio, is a portfolio company of Cornerstone Capital Partners in Dublin, Ohio, and specializes in robotics automation, tube fabrication equipment, and build-to-print precision machined parts.

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Tesla vs. robotaxis: Whos winning the autonomous vehicle race? – The Next Web

Posted: at 5:54 am

Were on the edge of a major social shift in mobility. Autonomous vehicles are going to change our lives. Commutes will be unrecognizable, cities will change, and industries reshaped.

Were still a long way away from that but companies are edging ever closer.

There are prime examples, both approaching the challenge in very different ways. The first is Tesla, with itsbeta-testing of Level 2 driver-assist techthat aims to progress to full vehicle automation.

The second is a group of companies involved in the development and deployment of autonomous robotaxis.

But how do they compare? And how do we get from here to a fully autonomous future?

If we look beyond the tech alone, two significant measures of success come to mind: partnerships and capacity for scale.

By partnerships, I mean industry collaborations that advance not only the number of vehicles, but the tech, as well as its accessibility to users.

Scale is also critical. We need a lot of cars on the road before vehicle automation is anywhere near hitting critical mass.

Lets a look at how the two approaches face up against each other.

In 2021, Tesla reportedly produced and delivered over 930,000 electric cars worldwide.

If we look at the number of sales alone, thats a mammoth army of Tesla owners.

And, spoiler: there is nowhere near that number of autonomous robotaxis on the roads in testing or otherwise. So, if Tesla can successfully develop autonomous tech, they win the battle on private car ownership alone.

Thats a big if though, especially considering theyre only testing Level 2 vehicle automation.

Currently, Teslas driver-assist cannot be deployed without an initial safety score determined by monitoring user behavior over some time.

If the companys goal is to go from driver-assist FSD to robotaxi, a lot needs to go right. Plus, there has to be a technological improvement much of which current robotaxi makers are already deploying.

The reality is that no one knows how easy it will be to switch Tesla FSD beta testers into Level 3 and 4 autonomation, let alone full automation.

Last year Musk announced that the number of American FSD Beta vehicles went from a couple of thousand in Q3, to nearly 60,000 by the end of Q4 a massive leap in anyones book.

By comparison, if we look at China, the adoption of FSD is surprisingly low. It sits at 1% to 2%, compared to an adoption of 20% to 25% in the US and Europe.

Teslas business model is deploying owners to test their software as it evolves, so they can iron out the bugs.

But these low adoption rates suggest there are a lot of people who dont want to drive their car with driver-assist, let alone full automation. This makes it difficult to advance their driving tech in the real world. Especially when we compare it to the heavy lifting already done by companies like Argo, Cruise, and Waymo.

Prior to the challenges of getting enough beta testers, Elon Musk predicted that Tesla will have their own robotaxis on the road by 2023. Can it succeed?

In 2021, the company sold over 100,000 Model 3 cars to Hertz. And in October of the same year, Hertz and Uber alsoannounced a partnership to make up to 50,000 Teslas available by 2023 for Uber drivers to rent.

But does this translate to 100,000 robotaxis in the making? Hardly! Theyre still beta testing Level 2!

Compare this to the groundwork existing robotaxi companies have put in.

Robotaxi companies Baidu Apollo, AutoX, Pony.ai, WeRide, Didi, WeRide, Waymo, Argo, Aurora, and Cruise, are all partnering with various brands to develop the technology needed to get autonomous taxis on the road.

Cruise (majority-owned by GM) is currently deploying autonomous robotaxis in San Francisco. In 2021, Cruise CEO Dan Ammann announced a target for at least one million self-driving vehicles by 2030. This feels like a far more realistic and achievable aim than what Tesla has suggested.

Its not all plain sailing. Lets not forget how the legal status of autonomous vehicle technology differs wildly throughout different parts of the US. How easy will it be to get all states on board?

Currently, autonomous taxis only operate on pre-mapped streets. By comparison, Tesla FSD drivers can go anywhere.

We have no way to know if autonomous robotaxis will have mapped the whole of the US before Teslas are operating without human drivers.

If I was to place a bet, I think well see more Teslas on the road than robotaxis.

But heres the kicker: the Teslas wont be autonomous. Maybe theyll progress from Level 2, but I cant see them going from Level 2 to 5 without a lot of challenges especially in safety and regulatory approval.

So there we are. The robotaxi industry and Tesla have significant challenges scaling and evolving their tech. Furthermore, they all need to convince the public that they want to travel by autonomous vehicle and this may be their biggest challenge of all.

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Micropsi Raises $30M Series B Funding to Scale Industrial Automation with Human Motion Trained Robots – Business Wire

Posted: at 5:54 am

BERLIN--(BUSINESS WIRE)--Micropsi Industries today announced the successful closing of its $30M Series B funding round. The company provides ready-to-use AI systems for controlling industrial robots to enable the automation of manufacturing processes that so far could not be automated.

By using cameras and sensors to react in real-time to dynamic conditions in a workspace, Micropsi-powered robots can be trained by humans to perform hand-eye-coordinated actions in industrial environments. MIRAI is successfully deployed in assembly, material handling and quality control applications in a wide range of industries. Companies like Siemens Energy; ZF Group, one of the largest automotive suppliers in the world, and BSH, the largest manufacturer of home appliances in Europe, are already using MIRAI in their production halls.

New investors Metaplanet, VSquared and Ahren Innovation Capital co-led the funding round. Existing investors Project A Ventures and M Ventures also participated.

MIRAIs Different Approach Does What Others Only Promise"Our technology makes it easy to transfer dynamic motion know-how from humans to robots, said Ronnie Vuine, CEO and co-founder of Micropsi. We have not optimized the textbook approach for specific applications but took a radically different approach inspired by how humans coordinate motions. MIRAI is a proven and independent technology thats working 24/7 in the factories of our customers. That is what convinced our investors: Here is a company that can already verifiably do what many current startups only promise to develop.

Industrial robots can compensate for labor shortages and secure supply chains. The manufacturing skills gap in the U.S for example could result in 2.1 million unfilled jobs by 2030. Before factories can put robots into service, however, a lot of preparatory work is necessary, with specialists developing software code line by line to trigger the individual movements of the machines. This is complex, expensive, and makes robots inflexible, as variance in positions or materials throw the robots off.

Micropsis MIRAI changes this. Using artificial intelligence (AI), workers are able to train the machines through demonstration. A human guides the robot arm through the work task, which then learns and carries out the movements autonomously. In doing so, it is able to handle variance and changes in the environment and the robots target at execution time. This expands the commercial potential of industrial robots, as it allows them to handle complexity and keeps them flexible even as conditions change.

MIRAI augments industrial robots. Once configured with MIRAI, a robot arm can perceive its workspace through cameras and continuously adjust its movements as it performs a task. MIRAI skills are not programs, they are collected intuitions of human movement that MIRAI then intelligently transfers to robots.

New funding plans: Expanding operationsThe new funding is going to be used to expand operations in the US, ramp up sales efforts and expand to more robot platforms. Micropsi Industries has recently hired robotics expert Prof. Dominik Bsl as managing director to be in charge of the companys ambitious technology roadmap. Prof. Bsl previously held positions at Festo, Kuka, and Microsoft.

Rauno Miljand, managing partner at Metaplanet, says: Intelligent robot automation could tap into a currently locked productivity pool. The end-to-end learning solution built by Micropsi is one of the most advanced systems in the market and is well-positioned to unlock potential in a wide array of industrial settings. The ease of use and the fast learning cycle make it one of the most scalable platforms in the industry.

About Micropsi IndustriesMicropsi Industries is a VC-backed robotics software company with offices in Berlin, Germany (R&D) and New York City. Founded in 2014, the company is at the forefront of innovation in robotic automation for manufacturing, with a particular emphasis on assembly tasks. For more information, go to micropsi-industries.com.

About Ahren Innovation CapitalAhren Innovation Capital is an investment institution that supports transformational companies at the cutting edge of deep science and deep tech. A group of highly diverse, creative and original thinkers leading their domains, Ahren Innovation Capital believes in taking considered risk that will deliver superior rewards capturing a generational opportunity to provide smart capital to deep technology. With a philosophy espousing the importance of relationships and trust, Ahren Innovation Capital provides long-term capital and support to exceptional founders and teams, empowering them to achieve the unimaginable.

About Metaplanet HoldingsMetaplanet is an early-stage investment firm making long-term bets on contrarians and leveraging the knowledge and network across sectors. We back mission-driven founders working on positively disruptive deep technologies.About Vsquared VenturesBased in Europes deep tech hub Munich, Vsquared Ventures backs ambitious founders and startups that tackle major challenges by engineering the seemingly impossible. Vsquared Ventures identifies and funds companies with the potential to become global leaders in future markets created by technological breakthroughs. Portfolio startups include companies such as Isar Aerospace, IQM Quantum Computing, Morpheus Space or Zama.ai

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Micropsi Raises $30M Series B Funding to Scale Industrial Automation with Human Motion Trained Robots - Business Wire

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A Closer Look At ATS Automation Tooling Systems Inc.’s (TSE:ATA) Impressive ROE – Simply Wall St

Posted: at 5:54 am

One of the best investments we can make is in our own knowledge and skill set. With that in mind, this article will work through how we can use Return On Equity (ROE) to better understand a business. To keep the lesson grounded in practicality, we'll use ROE to better understand ATS Automation Tooling Systems Inc. (TSE:ATA).

Return on equity or ROE is a key measure used to assess how efficiently a company's management is utilizing the company's capital. In short, ROE shows the profit each dollar generates with respect to its shareholder investments.

View our latest analysis for ATS Automation Tooling Systems

The formula for ROE is:

Return on Equity = Net Profit (from continuing operations) Shareholders' Equity

So, based on the above formula, the ROE for ATS Automation Tooling Systems is:

11% = CA$105m CA$972m (Based on the trailing twelve months to December 2021).

The 'return' refers to a company's earnings over the last year. One way to conceptualize this is that for each CA$1 of shareholders' capital it has, the company made CA$0.11 in profit.

Arguably the easiest way to assess company's ROE is to compare it with the average in its industry. Importantly, this is far from a perfect measure, because companies differ significantly within the same industry classification. Pleasingly, ATS Automation Tooling Systems has a superior ROE than the average (4.7%) in the Machinery industry.

That's what we like to see. With that said, a high ROE doesn't always indicate high profitability. Especially when a firm uses high levels of debt to finance its debt which may boost its ROE but the high leverage puts the company at risk.

Companies usually need to invest money to grow their profits. The cash for investment can come from prior year profits (retained earnings), issuing new shares, or borrowing. In the first two cases, the ROE will capture this use of capital to grow. In the latter case, the use of debt will improve the returns, but will not change the equity. In this manner the use of debt will boost ROE, even though the core economics of the business stay the same.

It's worth noting the high use of debt by ATS Automation Tooling Systems, leading to its debt to equity ratio of 1.11. With a fairly low ROE, and significant use of debt, it's hard to get excited about this business at the moment. Debt increases risk and reduces options for the company in the future, so you generally want to see some good returns from using it.

Return on equity is one way we can compare its business quality of different companies. In our books, the highest quality companies have high return on equity, despite low debt. If two companies have around the same level of debt to equity, and one has a higher ROE, I'd generally prefer the one with higher ROE.

Having said that, while ROE is a useful indicator of business quality, you'll have to look at a whole range of factors to determine the right price to buy a stock. The rate at which profits are likely to grow, relative to the expectations of profit growth reflected in the current price, must be considered, too. So you might want to take a peek at this data-rich interactive graph of forecasts for the company.

But note: ATS Automation Tooling Systems may not be the best stock to buy. So take a peek at this free list of interesting companies with high ROE and low debt.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.

This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

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A Closer Look At ATS Automation Tooling Systems Inc.'s (TSE:ATA) Impressive ROE - Simply Wall St

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Tax & Revenue Collection Software Market Is Booming Worldwide | Business Automation Services, Tyler Technologies, Thomson Reuters, Point Software…

Posted: at 5:54 am

Latest survey on Tax & Revenue Collection Software Market is conducted to providehidden gems performance analysis of Tax & Revenue Collection Softwareto better demonstrate competitive environment . The study is a mix of quantitative market stats and qualitative analytical information to uncover market size revenue breakdown by key business segments and end use applications. The report bridges the historical data from 2015 to 2020 and forecasted till 2026*, the outbreak of latest scenario in Tax & Revenue Collection Software market have made companies uncertain about their future outlook as the disturbance in value chain have made serious economic slump. Some are the key & emerging players that are part of coverage and profiled in the study are Tyler Technologies, Thomson Reuters, Business Automation Services, BS&A Software, CentralSquare Technologies, CSS IMPACT, Harris Local Government, DEVNET Incorporated, Edmunds GovTech, Business Management Systems (BMSI), Abila, Jordan Tax Service, LandNav, Harris Govern, Municipal Systems, NET Data Corporation, OAC Network Solutions, PUBLIQ Software, Invenio Business Solutions, Selectron Technologies, Sigercon, Point Software, TaxPRO, Grant Street Group & Rock Solid Technologies.

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Tax & revenue collection software helps government-operated treasury offices reduce administrative burden and manage the entire tax billing, collection, and distribution process. These tools automate key administrative functions that support the billing process, including rate calculation, bill and invoice printing, and accounts receivable generation.

If you are part of the Tax & Revenue Collection Software industry or intend to be, then study would provide you comprehensive outlook. It is vital to keep your market knowledge up to date analysed by major players and high growth emerging players. If a different set of players need to be analysed as per geography or regional target then enquire us with your customized requirements.

Tax & Revenue Collection Software Market: Competition AnalysisWith drastic change in consumers behaviour, firms, brands and value stakeholder in Tax & Revenue Collection Software are curious to understand the implications for their products and services. Some of key competitors or manufacturers included in the study are Tyler Technologies, Thomson Reuters, Business Automation Services, BS&A Software, CentralSquare Technologies, CSS IMPACT, Harris Local Government, DEVNET Incorporated, Edmunds GovTech, Business Management Systems (BMSI), Abila, Jordan Tax Service, LandNav, Harris Govern, Municipal Systems, NET Data Corporation, OAC Network Solutions, PUBLIQ Software, Invenio Business Solutions, Selectron Technologies, Sigercon, Point Software, TaxPRO, Grant Street Group & Rock Solid Technologies

Market Analysis by Types:, Global Tax & Revenue Collection Software Market Segment Percentages, by Type, 2021 (%), Cloud-Based & Web-Based

Market Analysis by Applications:Government & Institution

Tax & Revenue Collection Software Quantitative Market Data

Market Data breakdown by major geographies, Type & Application/End-users Tax & Revenue Collection Software Market Revenue & Growth Rate by Type [, Global Tax & Revenue Collection Software Market Segment Percentages, by Type, 2021 (%), Cloud-Based & Web-Based] (2016-2026) Tax & Revenue Collection Software Market Revenue & Growth Rate by Application [Government & Institution] (2016-2026) Tax & Revenue Collection Software Market Revenue & Growth Rate by Each Region Specified (2016-2026) Tax & Revenue Collection Software Market Volume & Growth Rate by Each Region Specified, Application & Type (2016-2026) Tax & Revenue Collection Software Market Revenue Share & Y-O-Y Growth Rate by Players (2020)

Have Any Query? Ask Our Expert for customization feasibility in the report @:https://www.htfmarketreport.com/enquiry-before-buy/3868384-tax-revenue-collection-software-market

Important Features that are under offering & key highlights of the Tax & Revenue Collection Software market report:1. Why lots of Key players are not profiled in Study?> The market study is surveyed collecting data of various companies from Tax & Revenue Collection Software industry, and the base for coverage is NAICS standards. However, the study is not limited to profile only few companies; connect with sales executive to get customized list. The standard version of research report is listed with players like Tyler Technologies, Thomson Reuters, Business Automation Services, BS&A Software, CentralSquare Technologies, CSS IMPACT, Harris Local Government, DEVNET Incorporated, Edmunds GovTech, Business Management Systems (BMSI), Abila, Jordan Tax Service, LandNav, Harris Govern, Municipal Systems, NET Data Corporation, OAC Network Solutions, PUBLIQ Software, Invenio Business Solutions, Selectron Technologies, Sigercon, Point Software, TaxPRO, Grant Street Group & Rock Solid Technologies

2. Does Scope of Market Study allow further Segmentation?> Yes, for a deep dive analysis add-on segmentation is applicable in premium customized version of report to better derive market values. The standard version of this report covers segmentation by Application [Government & Institution], by Type [, Global Tax & Revenue Collection Software Market Segment Percentages, by Type, 2021 (%), Cloud-Based & Web-Based] and by regions [North America, US, Canada, Mexico, Europe, Germany, France, U.K., Italy, Russia, Nordic Countries, Benelux, Rest of Europe, Asia, China, Japan, South Korea, Southeast Asia, India, Rest of Asia, South America, Brazil, Argentina, Rest of South America, Middle East & Africa, Turkey, Israel, Saudi Arabia, UAE & Rest of Middle East & Africa]

3. What value addition does Country landscape will provide?> In the premium version of report, two-level of regional segmentation allows user to have access to country level break-up of market Size by revenue and volume** Wherever applicable

HTF MI provides customized study specific to regional and country-level reports for the following areas. North America: United States, Canada, and Mexico. South & Central America: Argentina, Chile, and Brazil. Middle East & Africa: Saudi Arabia, UAE, Turkey, Egypt and South Africa. Europe: the United Kingdom, France, Italy, Germany, Spain, and Russia. Asia-Pacific: India, China, Japan, South Korea, Indonesia, Singapore, and Australia etc.

Browse for Full Report at @:https://www.htfmarketreport.com/reports/3868384-tax-revenue-collection-software-marketActual Numbers & In-Depth Analysis, Business opportunities, Market Size Estimation Available in Full Report.

Reasons to Buy

Stay tuned with the latest and Tax & Revenue Collection Software market research findingsIdentify segments with hidden growth potential for investment in Tax & Revenue Collection SoftwareBenchmark performance against key competitorsUtilize the relationships between key data sets for superior strategizing.Facilitate decision making on the basis of historic and forecast trend of Tax & Revenue Collection Software marketSuitable for supporting your internal and external presentations with reliable high-quality data and analysisGain a global perspective on the development of the Tax & Revenue Collection Software market

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Thanks for reading Tax & Revenue Collection Software research article; you can also get individual chapter wise section or region wise report version like LATAM, North America, MENA, Southeast Asia, Europe, APAC, United States or China etc

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Tax & Revenue Collection Software Market Is Booming Worldwide | Business Automation Services, Tyler Technologies, Thomson Reuters, Point Software...

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Healthcare Automation Market Know How the Players Have Valued the Data-Based Analytics to Stay on the Top of the Competition, Players Aetna, Inc.,…

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Definition Specifications Classification Applications Regions

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Manufacturing Cost Structure Raw Material and Suppliers Manufacturing Process Industry Chain Structure

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Healthcare Automation Market Know How the Players Have Valued the Data-Based Analytics to Stay on the Top of the Competition, Players Aetna, Inc.,...

Posted in Automation | Comments Off on Healthcare Automation Market Know How the Players Have Valued the Data-Based Analytics to Stay on the Top of the Competition, Players Aetna, Inc.,…

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