Rectifier Technologies (ASX:RFT) ROCE % : -19.40% (As of Dec. 2023)

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What is Rectifier 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. Rectifier Technologies's annualized ROCE % for the quarter that ended in Dec. 2023 was -19.40%.

Rectifier Technologies ROCE % Historical Data

The historical data trend for Rectifier 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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Rectifier Technologies ROCE % Chart

Rectifier Technologies Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

ROCE %

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42.89

28.58

8.78

10.49

47.96

Rectifier Technologies Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
ROCE %	Get a 7-Day Free Trial															10.29	11.18	59.15	42.83	-19.40

Rectifier Technologies ROCE % Calculation

Rectifier Technologies'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 )
	=	8.876	/	( ( (22.978 - 8.627)	+	(35.189 - 12.524) )	/ 2 )
	=	8.876	/	( (14.351	+	22.665)	/ 2 )
	=	8.876	/	18.508
	=	47.96 %

Rectifier Technologies'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 )
	=	-3.876	/	( ( (35.189 - 12.524)	+	(33.049 - 15.759) )	/ 2 )
	=	-3.876	/	( ( 22.665	+	17.29 )	/ 2 )
	=	-3.876	/	19.9775
	=	-19.40 %

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

Rectifier Technologies (ASX:RFT) 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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Rectifier Technologies (ASX:RFT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Rectifier Technologies Ltd (ASX:RFT) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

97 Highbury Road, Burwood, Melbourne, VIC, AUS, 3125

Website

https://www.rectifiertechnologies.com

Rectifier Technologies Ltd is engaged in designing and manufacturing of power rectifiers and the production of electronic and specialized magnetic components. The company reportable segments are Electronic Components, Industrial Power Supplies (Electricity generation/distribution and Defence), Industrial Power Supplies (Transport and Telecommunication), and Industrial Power Supplies (Electric vehicles). It generates maximum revenue from the Industrial Power Supplies (Electric vehicles) segment. Geographically, it derives a majority of revenue from Australia and also has a presence in Europe; Asia; North America; South America; and Oceania. Its product includes modules; power shelves and chargers and systems.

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