SMTC (SMTX) ROCE % : -6.61% (As of Dec. 2020)

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What is SMTC 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. SMTC's annualized ROCE % for the quarter that ended in Dec. 2020 was -6.61%.

SMTC ROCE % Historical Data

The historical data trend for SMTC'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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SMTC ROCE % Chart

SMTC Annual Data

Trend

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

ROCE %

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2.48

-21.39

5.11

4.08

8.63

SMTC Quarterly Data
	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20
ROCE %	Get a 7-Day Free Trial															14.39	13.04	13.45	13.67	-6.61

SMTC ROCE % Calculation

SMTC's annualized ROCE % for the fiscal year that ended in Dec. 2020 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2020 )		(A: Dec. 2019 )		(A: Dec. 2020 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2020 )		(A: Dec. 2019 )		(A: Dec. 2020 )
	=	7.489	/	( ( (213.379 - 127.079)	+	(229.939 - 142.737) )	/ 2 )
	=	7.489	/	( (86.3	+	87.202)	/ 2 )
	=	7.489	/	86.751
	=	8.63 %

SMTC's ROCE % of for the quarter that ended in Dec. 2020 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2020 )		(Q: Sep. 2020 )		(Q: Dec. 2020 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2020 )		(Q: Sep. 2020 )		(Q: Dec. 2020 )
	=	-5.88	/	( ( (234.077 - 143.281)	+	(229.939 - 142.737) )	/ 2 )
	=	-5.88	/	( ( 90.796	+	87.202 )	/ 2 )
	=	-5.88	/	88.999
	=	-6.61 %

(1) Note: The EBIT data used here is four times the quarterly (Dec. 2020) EBIT data.

SMTC (NAS:SMTX) 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.

SMTC ROCE % Related Terms

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SMTC (SMTX) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » SMTC Corp (NAS:SMTX) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

7050 Woodbine Avenue, Suite 300, Markham, ON, CAN, L3R 4N6

Website

http://www.smtc.com

SMTC Corp is a provider of end-to-end electronics manufacture services, including product design and sustaining engineering services, printed circuit board assembly, production, enclosure, cable assembly, precision metal fabrication, systems integration and comprehensive testing services, configuration to order, build to order, and direct order fulfillment. It operates through the following geographical segments: Mexico, United States, and China.

Executives

Steven M Waszak	officer: CFO	C/O SMTC CORPORATION 7050 WOODBINE AVENUE MARKHAM A6 L3R4G8
David Sandberg	director, 10 percent owner	40 SE 5TH STREET, SUITE 502, BOCA RATON FL 33432
Clarke H Bailey	director
Red Oak Partners, Llc	10 percent owner	95 S. FEDERAL HWY, SUITE 201, BOCA RATON FL 33432
John Randall Waterfield	director	140 BROADWAY, 46TH FLOOR, NEW YORK NY 10005
Frederick Gerald Wasserman	director	4 NOBADEER DRIVE, PENNINGTON NJ 08534
Richard E Fitzgerald	officer: COO	SMTEK INTERNATIONAL INC 200 SCIENCE DRIVE MOORPARK CA 93021-2800
Edward J Smith	director, officer: President & CEO	635 HOOD ROAD, MARKHAM A6 L3R 4N6
Roger Dunfield	officer: Chief Financial Officer	116 TAYLOR STREET SANTA CRUZ CA 95060
Sushil Dhiman	director, officer: President and CEO	2448 CORUM COURT UNION CITY CA 94587
Lawrence Harris Silber	director	7 FOX HOLLOW COURT, FLEMINGTON NJ 08822
Jim Currie	officer: Chief Financial Officer	635 HOOD ROAD MARKHAM Z4 L4R RN6
Alex Hugh Walker	director, officer: Co-Chief Executive Officer	73 KATHERINE CRESCENT STOUFFVILLE A6 L4A 1K5
Claude Germain	officer: Co-Chief Executive Officer	188 GORMLEY ROAD W., RICHMOND HILL A6 L4E1A2
Paul M Blom	officer: Executive VP, Operations	8 MCROBERTS PLACE AURORA A6 L4G 6X2