Evertz Technologies (TSX:ET) ROCE % : 41.88% (As of Jan. 2024)

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What is Evertz 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. Evertz Technologies's annualized ROCE % for the quarter that ended in Jan. 2024 was 41.88%.

Evertz Technologies ROCE % Historical Data

The historical data trend for Evertz 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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Evertz Technologies ROCE % Chart

Evertz Technologies Annual Data

Trend

Apr14

Apr15

Apr16

Apr17

Apr18

Apr19

Apr20

Apr21

Apr22

Apr23

ROCE %

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30.79

27.65

17.94

34.90

35.11

Evertz 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															30.83	42.97	33.36	43.16	41.88

Evertz Technologies ROCE % Calculation

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

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Apr. 2023 )		(A: Apr. 2022 )		(A: Apr. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Apr. 2023 )		(A: Apr. 2022 )		(A: Apr. 2023 )
	=	91.528	/	( ( (420.979 - 164.571)	+	(436.652 - 171.741) )	/ 2 )
	=	91.528	/	( (256.408	+	264.911)	/ 2 )
	=	91.528	/	260.6595
	=	35.11 %

Evertz 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 )
	=	116.952	/	( ( (446.661 - 170.437)	+	(472.769 - 190.548) )	/ 2 )
	=	116.952	/	( ( 276.224	+	282.221 )	/ 2 )
	=	116.952	/	279.2225
	=	41.88 %

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

Evertz Technologies (TSX:ET) 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.

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Evertz Technologies (TSX:ET) Business Description

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GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Evertz Technologies Ltd (TSX:ET) » Definitions » ROCE %

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EVTZF:USA 74E:Germany

Address

5292 John Lucas Drive, Burlington, ON, CAN, L7L 5Z9

Website

https://www.evertz.com

Evertz Technologies Ltd is a Canadian provider of telecommunications equipment and technology solutions to the television broadcast and new-media industries. Evertz equipment is used in the production, post-production and transmission of television content. Its solutions are sold to content creators, broadcasters, and service providers looking to support multi-channel digital and high definition television, and next generation Internet Protocol environments. More than half of the firm's revenue is generated in the United States.