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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. ClearOne's annualized ROCE % for the quarter that ended in Dec. 2023 was 27.48%.
The historical data trend for ClearOne'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.
ClearOne Annual Data | |||||||||||||||||||||
Trend | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | |||||||||||
ROCE % | Get a 7-Day Free Trial | -16.36 | -10.55 | -13.58 | 42.78 | 0.67 |
ClearOne Quarterly Data | ||||||||||||||||||||
Mar19 | Jun19 | Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | |
ROCE % | Get a 7-Day Free Trial | 193.90 | -2.77 | -6.09 | -11.20 | 27.48 |
ClearOne's annualized ROCE % for the fiscal year that ended in Dec. 2023 is calculated as:
ROCE % | = | EBIT | / | ( (Capital Employed | + | Capital Employed) | / count ) |
(A: Dec. 2023 ) | (A: Dec. 2022 ) | (A: Dec. 2023 ) | |||||
= | EBIT | / | ( ( (Total Assets - Total Current Liabilities) | + | (Total Assets - Total Current Liabilities) ) | / count ) | |
(A: Dec. 2023 ) | (A: Dec. 2022 ) | (A: Dec. 2023 ) | |||||
= | 0.411 | / | ( ( (83.75 - 8.12) | + | (50.694 - 4.265) ) | / 2 ) | |
= | 0.411 | / | ( (75.63 | + | 46.429) | / 2 ) | |
= | 0.411 | / | 61.0295 | ||||
= | 0.67 % |
ClearOne'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: Sep. 2023 ) | (Q: Dec. 2023 ) | |||||
= | EBIT | / | ( ( (Total Assets - Total Current Liabilities) | + | (Total Assets - Total Current Liabilities) ) | / count ) | |
(Q: Dec. 2023 ) | (Q: Sep. 2023 ) | (Q: Dec. 2023 ) | |||||
= | 12.392 | / | ( ( (49.117 - 5.341) | + | (50.694 - 4.265) ) | / 2 ) | |
= | 12.392 | / | ( ( 43.776 | + | 46.429 ) | / 2 ) | |
= | 12.392 | / | 45.1025 | ||||
= | 27.48 % |
(1) Note: The EBIT data used here is four times the quarterly (Dec. 2023) EBIT data.
* 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.
ClearOne (NAS:CLRO) 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.
Thank you for viewing the detailed overview of ClearOne's ROCE % provided by GuruFocus.com. Please click on the following links to see related term pages.
Edward D Bagley | director, 10 percent owner | 2350 OAK HILL LANE, SALT LAKE CITY UT 84121 |
Larry Hendricks | director | 5225 WILEY POST WAY, SUITE 500, SALT LAKE CITY UT 84116 |
Derek Graham | officer: Interim CEO | C/O CLEARONE, INC., 5225 WILEY POST WAY, STE. 500, SALT LAKE CITY UT 84116 |
Clearone, Inc. | officer: Interim CEO | 5225 WILEY POST WAY, SUITE 500, SALT LAKE CITY UT 84116 |
Zeynep Hakimoglu | officer: VP of Product Management | 5225 WILEY POST WAY, SUITE 500, SALT LAKE CITY UT 84116 |
Bruce Whaley | director | C/O CLEARONE, EDGEWATER CORPORATE PARK, S. TOWER, 5225 WILEY POST WAY, SUITE 500, SALT LAKE CITY UT 84116 |
Narasimhan Narayanan | officer: VP FINANCE | 5225 WILEY POST WAY, SUITE 500, SALT LAKE CITY X1 84116 |
Lisa Higley | director | C/O CLEARONE INC., 5225 WILEY POST WAY, SUITE 500, SALT LAKE CITY UT 84116 |
E Bryan Bagley | 10 percent owner | 1470 ARLINGTON DR, SALT LAKE CITY UT 84103 |
Scott Huntsman | director | 5225 WILEY POST WAY, SUITE 500, SALT LAKE CITY UT 84116 |
Brad Baldwin | director | 3607 APPLEMILL COVE, SALT LAKE CITY UT 84109 |
Eric L Robinson | director | 551 EAST INDIAN SPRINGS ROAD, BOUNTIFUL UT 84010 |
Michael J Braithwaite | officer: SVP | 5225 WILEY POST WAY, SUITE 500, SALT LAKE CITY X1 84116 |
Joseph Paul Sorrentino | officer: EXEC VP OF SALES | 1825 RESEARCH WAY, SALT LAKE CITY UT 84119 |
Mark Allen Fletcher | officer: VP OF WORLDWIDE SALES | 5225 WILEY POST WAY, SUITE 500, SALT LAKE CITY UT 84116 |
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