Spectra Products (Spectra Products) ROCE % : 20.68% (As of Sep. 2023)

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What is Spectra Products 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. Spectra Products's annualized ROCE % for the quarter that ended in Sep. 2023 was 20.68%.

Spectra Products ROCE % Historical Data

The historical data trend for Spectra Products'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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Spectra Products ROCE % Chart

Spectra Products Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

ROCE %

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925.27

77.14

32.15

21.00

8.70

Spectra Products Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
ROCE %	Get a 7-Day Free Trial															24.32	-10.31	21.98	31.77	20.68

Spectra Products ROCE % Calculation

Spectra Products's annualized ROCE % for the fiscal year that ended in Dec. 2022 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2022 )		(A: Dec. 2021 )		(A: Dec. 2022 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2022 )		(A: Dec. 2021 )		(A: Dec. 2022 )
	=	0.13	/	( ( (1.613 - 0.116)	+	(1.755 - 0.264) )	/ 2 )
	=	0.13	/	( (1.497	+	1.491)	/ 2 )
	=	0.13	/	1.494
	=	8.70 %

Spectra Products's ROCE % of for the quarter that ended in Sep. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2023 )		(Q: Jun. 2023 )		(Q: Sep. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2023 )		(Q: Jun. 2023 )		(Q: Sep. 2023 )
	=	0.328	/	( ( (1.773 - 0.17)	+	(1.71 - 0.141) )	/ 2 )
	=	0.328	/	( ( 1.603	+	1.569 )	/ 2 )
	=	0.328	/	1.586
	=	20.68 %

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

Spectra Products (OTCPK:SPKTF) 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.

Spectra Products ROCE % Related Terms

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Spectra Products (Spectra Products) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Spectra Products Inc (OTCPK:SPKTF) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

SSA:Canada

Address

41 Horner Avenue, Unit 2, Etobicoke, Toronto, ON, CAN, M8Z 4X4

Website

https://www.spectraproducts.ca

Spectra Products Inc is a company engaged in manufacturing and supplying safety and productivity enhancement products to the bus and truck transportation industry. The operating segment of the company is Bus and Truck Transportation Safety Equipment. It manufactures and markets brake and wheel-end monitoring equipment as an after-market product through transportation dealers, distributors and direct sales to fleet operators. Geographically, it generates the majority of its revenue from the United States.

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