Aviat Networks (FRA:HSD1) ROCE %

: 9.94% (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. Aviat Networks's annualized ROCE % for the quarter that ended in Dec. 2023 was 9.94%.

Aviat Networks ROCE % Historical Data

The historical data trend for Aviat 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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Aviat Networks Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

ROCE %

2.14

8.61

16.70

14.64

12.81

Aviat Networks Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %																16.86	13.04	11.06	10.49	9.94

Aviat Networks ROCE % Calculation

Aviat Networks'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 )
	=	27.156	/	( ( (306.413 - 98.837)	+	(336.43 - 120.046) )	/ 2 )
	=	27.156	/	( (207.576	+	216.384)	/ 2 )
	=	27.156	/	211.98
	=	12.81 %

Aviat 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 )
	=	25.652	/	( ( (346.97 - 121.073)	+	(458.598 - 168.466) )	/ 2 )
	=	25.652	/	( ( 225.897	+	290.132 )	/ 2 )
	=	25.652	/	258.0145
	=	9.94 %

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

Aviat Networks (FRA:HSD1) 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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Aviat Networks (FRA:HSD1) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Aviat Networks Inc (FRA:HSD1) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

AVNW:USA HSD1:Germany

Address

200 Parker Drive, Suite C100A, Austin, TX, USA, 78728

Website

https://www.aviatnetworks.com

Aviat Networks Inc is a networking solutions provider. It designs, manufactures, and sells wireless networking products, solutions, and services to mobile and fixed operators, private network operators, government agencies, transportation and utility companies, public safety agencies, and broadcast network operators around the world. The company's product categories include point-to-point microwave and millimeter wave radios that are licensed (subject to local frequency regulatory requirements), lightly licensed and license-exempt (operating in license-exempt frequencies), and element and network management software.

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