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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. Bel Fuse's annualized ROCE % for the quarter that ended in Dec. 2023 was 12.36%.
The historical data trend for Bel Fuse'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.
Bel Fuse'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 ) | |||||
= | 86.15 | / | ( ( (560.466 - 136.304) | + | (571.631 - 110.609) ) | / 2 ) | |
= | 86.15 | / | ( (424.162 | + | 461.022) | / 2 ) | |
= | 86.15 | / | 442.592 | ||||
= | 19.46 % |
Bel Fuse'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 ) | |||||
= | 55.788 | / | ( ( (559.068 - 117.682) | + | (571.631 - 110.609) ) | / 2 ) | |
= | 55.788 | / | ( ( 441.386 | + | 461.022 ) | / 2 ) | |
= | 55.788 | / | 451.204 | ||||
= | 12.36 % |
(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.
Bel Fuse (NAS:BELFB) 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 Bel Fuse's ROCE % provided by GuruFocus.com. Please click on the following links to see related term pages.
Tuweiq Farouq Salem Ali | officer: Chief Financial Officer | C/O BEL FUSE INC., 206 VAN VORST STREET, JERSEY CITY NJ 07302 |
Lai Kenneth Koon Keung | officer: VP of Asia Operations | C/O BEL FUSE INC., 206 VAN VORST STREET, JERSEY CITY NJ 07302 |
Joseph Francis Berry | officer: VP of Magnetic Solutions | C/O BEL FUSE INC., 206 VAN VORST STREET, JERSEY CITY NJ 07302 |
Dennis Ackerman | officer: Vice President of Operations | C/O BEL FUSE INC, 206 VAN VORST STREET, JERSEY NJ 07302 |
Daniel Bernstein | director, 10 percent owner, officer: President and CEO | |
Vincent Vellucci | director | C/O BEL FUSE INC., 206 VAN VORST STREET, JERSEY CITY NJ 07302 |
Suzanne Kozlovsky | officer: Global Head of People | C/O BEL FUSE INC., 206 VAN VORST STREET, JERSEY CITY NJ 07302 |
Peter E Gilbert | director | |
Raymond Cheung | officer: Vice President-Asia Operations | C/O BEL FUSE INC., 206 VAN VORST STREET, JERSEY CITY NJ 07302 |
Sherry L. Urban | officer: VP of Human Resources | C/O BEL FUSE INC., 206 VAN VORST STREET, JERSEY CITY NJ 07302 |
Jacqueline T. Brito | director | C/O BEL FUSE INC., 206 VAN VORST STREET, JERSEY CITY NJ 07302 |
Lynn Katherine Hutkin | officer: Director Financial Reporting | C/O BEL FUSE INC., 206 VAN VORST STREET, JERSEY CITY NJ 07302 |
Craig Brosious | officer: Vice President of Finance | C/O BEL FUSE INC., 206 VAN VORST STREET, JERSEY CITY NJ 07302 |
Avi D Eden | director | |
Rita V Smith | director | C/O BEL FUSE INC., 206 VAN VORST STREET, JERSEY CITY NJ 07302 |
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