Calix (ASX:CXL) ROCE %

: -25.30% (As of Dec. 2023)

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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. Calix's annualized ROCE % for the quarter that ended in Dec. 2023 was -25.30%.

Calix ROCE % Historical Data

The historical data trend for Calix'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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Calix Annual Data

Trend

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

ROCE %

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-41.57

-30.95

-26.79

-38.82

-30.35

Calix Semi-Annual Data
	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
ROCE %	Get a 7-Day Free Trial								-31.98	-35.45	-22.50	-25.06	-25.30

Calix ROCE % Calculation

Calix's annualized ROCE % for the fiscal year that ended in Jun. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Jun. 2023 )		(A: Jun. 2022 )		(A: Jun. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Jun. 2023 )		(A: Jun. 2022 )		(A: Jun. 2023 )
	=	-23.167	/	( ( (61.211 - 15.127)	+	(127.506 - 20.929) )	/ 2 )
	=	-23.167	/	( (46.084	+	106.577)	/ 2 )
	=	-23.167	/	76.3305
	=	-30.35 %

Calix's ROCE % of for the quarter that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2023 )		(Q: Jun. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Jun. 2023 )		(Q: Dec. 2023 )
	=	-25.68	/	( ( (127.506 - 20.929)	+	(113.207 - 16.742) )	/ 2 )
	=	-25.68	/	( ( 106.577	+	96.465 )	/ 2 )
	=	-25.68	/	101.521
	=	-25.30 %

(1) Note: The EBIT data used here is two times the semi-annual (Dec. 2023) EBIT data.

Calix (ASX:CXL) 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.

Calix ROCE % Related Terms

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Calix (ASX:CXL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Calix Ltd (ASX:CXL) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

CLXLF:USA

Address

9-11 Bridge Street, Level 1, Pymble, Sydney, NSW, AUS, 2073

Website

https://www.calix.global

Calix Ltd Australian technology company. It has developed a patent-protected, platform technology that produces new materials and processes, targeted at solving global challenges in water and wastewater treatment, sustainable food Biotech, CO2 mitigation, and advanced battery development. Its core technology platform includes the Calix Flash Calciner (CFC). It has operations in Australia, New Zealand, Asia, Europe, and the United States of America.

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