Keysight Technologies (Keysight Technologies) ROCE % : 14.67% (As of Jan. 2024)

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What is Keysight Technologies 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. Keysight Technologies's annualized ROCE % for the quarter that ended in Jan. 2024 was 14.67%.

Keysight Technologies ROCE % Historical Data

The historical data trend for Keysight Technologies'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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Keysight Technologies ROCE % Chart

Keysight Technologies Annual Data

Trend

Oct14

Oct15

Oct16

Oct17

Oct18

Oct19

Oct20

Oct21

Oct22

Oct23

ROCE %

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15.93

14.27

17.27

20.72

21.54

Keysight Technologies Quarterly Data
	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
ROCE %	Get a 7-Day Free Trial															20.48	21.36	22.09	16.77	14.67

Keysight Technologies ROCE % Calculation

Keysight Technologies's annualized ROCE % for the fiscal year that ended in Oct. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Oct. 2023 )		(A: Oct. 2022 )		(A: Oct. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Oct. 2023 )		(A: Oct. 2022 )		(A: Oct. 2023 )
	=	1435	/	( ( (8098 - 1407)	+	(8683 - 2049) )	/ 2 )
	=	1435	/	( (6691	+	6634)	/ 2 )
	=	1435	/	6662.5
	=	21.54 %

Keysight Technologies's ROCE % of for the quarter that ended in Jan. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jan. 2024 )		(Q: Oct. 2023 )		(Q: Jan. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jan. 2024 )		(Q: Oct. 2023 )		(Q: Jan. 2024 )
	=	996	/	( ( (8683 - 2049)	+	(9060 - 2116) )	/ 2 )
	=	996	/	( ( 6634	+	6944 )	/ 2 )
	=	996	/	6789
	=	14.67 %

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

Keysight Technologies (NYSE:KEYS) 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.

Keysight Technologies ROCE % Related Terms

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Keysight Technologies (Keysight Technologies) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Keysight Technologies Inc (NYSE:KEYS) » Definitions » ROCE %

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Address

1400 Fountaingrove Parkway, Santa Rosa, CA, USA, 95403-1738

Website

https://www.keysight.com

Keysight Technologies is a leader in the field of testing and measurement, helping electronics OEMs and suppliers alike bring products to market to fit industry standards and specifications. Keysight specializes in the communications market, but also supplies into the government, automotive, industrial, and semiconductor manufacturing markets. Keysight's solutions include testing tools, analytical software, and services. The firm's stated objective is to reduce time to market and improve efficiency at its more than 30,000 customers.

Executives

Ronald S. Nersesian	director, officer: CEO	5301 STEVENS CREEK BLVD., MS 1A-LC, SANTA CLARA CA 95051
Kailash Narayanan	officer: SVP	1400 FOUNTAINGROVE PARKWAY, SANTA ROSA CA 95403
Neil Dougherty	officer: SVP & CFO	1400 FOUNTAINGROVE PARKWAY, SANTA ROSA CA 95403
Huei Sin Ee	officer: SVP	1400 FOUNTAINGROVE PARKWAY, SANTA ROSA CA 95403
John Page	officer: SVP	1400 FOUNTAINGROVE PARKWAY, SANTA ROSA CA 95403
Jeffrey K Li	officer: SVP and Secretary	1400 FOUNTAINGROVE PKWY, SANTA ROSA CA 95403
Soon Chai Gooi	officer: SVP	5301 STEVENS CREEK BLVD., SANTA CLARA CA 95051
James Cullen	director	5301 STEVENS CREEK BLVD, MS 1A-LC, SANTA CLARA CA 95051
Satish Dhanasekaran	officer: SVP	1400 FOUNTAINGROVE PARKWAY, SANTA ROSA CA 95403
Lisa M. Poole	officer: VP and Controller	1400 FOUNTAINGROVE PARKWAY, SANTA ROSA CA 95403
Richard P Hamada	director	2211 S 47TH ST, PHOENIX AZ 85034
Kevin A Stephens	director	1220 AUGUSTA DRIVE, SUITE 600, HOUSTON TX 77057
Charles J Dockendorff	director	COVIDIEN LTD., 15 HAMPSHIRE STREET, MANSFIELD MA 02048
Ingrid A Estrada	officer: SVP	1400 FOUNTAINGROVE PARKWAY, SANTA ROSA CA 95403
John C. Skinner	officer: VP & Controller	1400 FOUNTAINGROVE PARKWAY, SANTA ROSA CA 95403