Ceragon Networks (Ceragon Networks) ROCE % : 7.82% (As of Dec. 2023)

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What is Ceragon Networks 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. Ceragon Networks's annualized ROCE % for the quarter that ended in Dec. 2023 was 7.82%.

Ceragon Networks ROCE % Historical Data

The historical data trend for Ceragon Networks'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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Ceragon Networks ROCE % Chart

Ceragon Networks Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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2.55

-5.24

0.48

-7.34

12.59

Ceragon Networks 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															-29.28	11.96	14.07	16.27	7.82

Ceragon Networks ROCE % Calculation

Ceragon Networks'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 )
	=	20.28	/	( ( (289.318 - 132.836)	+	(298.525 - 132.953) )	/ 2 )
	=	20.28	/	( (156.482	+	165.572)	/ 2 )
	=	20.28	/	161.027
	=	12.59 %

Ceragon Networks'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 )
	=	12.956	/	( ( (301.134 - 135.251)	+	(298.525 - 132.953) )	/ 2 )
	=	12.956	/	( ( 165.883	+	165.572 )	/ 2 )
	=	12.956	/	165.7275
	=	7.82 %

(1) Note: The EBIT data used here is four times the quarterly (Dec. 2023) EBIT data.

Ceragon Networks (NAS:CRNT) 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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Ceragon Networks (Ceragon Networks) Business Description

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GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Ceragon Networks Ltd (NAS:CRNT) » Definitions » ROCE %

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GGN:Germany

Address

Building. A, 7th floor, Nitzba City, Plot 300, PO Box 112, Rosh Ha’Ayin, ISR, 4810002

Website

https://www.ceragon.com

Ceragon Networks Ltd offers wireless backhaul solutions. Its products comprise of FibeAir IP-20 Platform, FibeAir IP-20 Assured Platform, and Network Management. The company provides its services to wireless service providers, public safety organizations, government agencies and utility companies. The company's FibeAir IP-20 platform offers flexibility in choosing all-outdoor, split-mount and all-indoor configurations to suit any deployment scenario. Its products include short haul-access, short haul-aggregation, small cells, long haul, and enterprise access. Geographically, it derives majority revenue from India and also has a presence in North America, Europe, Africa, Asia-Pacific, and the Middle East and Latin America.