GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Cirrus Logic Inc (STU:CRU) » Definitions » ROCE %
中文

Cirrus Logic (STU:CRU) ROCE %

: 34.61% (As of Dec. 2023)
View and export this data going back to 1989. Start your Free Trial

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. Cirrus Logic's annualized ROCE % for the quarter that ended in Dec. 2023 was 34.61%.

Cirrus Logic ROCE % Historical Data

The historical data trend for Cirrus Logic'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.

* Premium members only.

Cirrus Logic Annual Data
Trend Mar14 Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23
ROCE %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 7.84 13.79 15.58 22.04 13.99

Cirrus Logic 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 28.48 -12.27 4.94 23.52 34.61

Cirrus Logic ROCE % Calculation

Cirrus Logic's annualized ROCE % for the fiscal year that ended in Mar. 2023 is calculated as:

ROCE %=EBIT/( (Capital Employed+Capital Employed)/ count )
(A: Mar. 2023 )  (A: Mar. 2022 )(A: Mar. 2023 )
=EBIT/( ( (Total Assets - Total Current Liabilities)+(Total Assets - Total Current Liabilities) )/ count )
(A: Mar. 2023 )  (A: Mar. 2022 )(A: Mar. 2023 )
=238.765/( ( (1928.047 - 240.423) + (1927.744 - 202.062) )/ 2 )
=238.765/( (1687.624+1725.682)/ 2 )
=238.765/1706.653
=13.99 %

Cirrus Logic'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 )
=632.124/( ( (1971.872 - 188.515) + (2033.093 - 163.771) )/ 2 )
=632.124/( ( 1783.357 + 1869.322 )/ 2 )
=632.124/1826.3395
=34.61 %

(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.

Cirrus Logic  (STU:CRU) 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.

Cirrus Logic ROCE % Related Terms

Thank you for viewing the detailed overview of Cirrus Logic's ROCE % provided by GuruFocus.com. Please click on the following links to see related term pages.

Cirrus Logic (STU:CRU) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Cirrus Logic Inc (STU:CRU) » Definitions » ROCE %
Comparable Companies
ALGM SLAB POWI SYNA WOLF FORM RMBS DIOD VSH MTSI NVDA TPE:2330 AVGO AMD QCOM INTC TXN MU ADI XKRX:000660
Traded in Other Exchanges
CRUS:USA CRU:Germany
Address
800 West 6th Street, Austin, TX, USA, 78701
Website
https://www.cirrus.com
Cirrus Logic Inc is a provider of integrated circuits for audio and voice signal processing applications. The firm's products are organized into two streams: portable audio products, and non-portable audio and other products. These products include analog and mixed-signal components targeting mobile devices, smart homes, and applications in the automotive, energy, and industrial markets. Roughly half of the firm's revenue is generated in China, with the rest coming from the United States, Europe, South Korea, and countries across the world.