Payton Planar Magnetics (XBRU:PAY) ROCE % : 26.24% (As of Dec. 2023)

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What is Payton Planar Magnetics 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. Payton Planar Magnetics's annualized ROCE % for the quarter that ended in Dec. 2023 was 26.24%.

Payton Planar Magnetics ROCE % Historical Data

The historical data trend for Payton Planar Magnetics'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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Payton Planar Magnetics ROCE % Chart

Payton Planar Magnetics Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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21.14

19.98

16.92

27.50

24.86

Payton Planar Magnetics 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															23.63	23.55	22.21	33.68	26.24

Payton Planar Magnetics ROCE % Calculation

Payton Planar Magnetics'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 )
	=	16.986	/	( ( (70.843 - 4.721)	+	(77.605 - 7.075) )	/ 2 )
	=	16.986	/	( (66.122	+	70.53)	/ 2 )
	=	16.986	/	68.326
	=	24.86 %

Payton Planar Magnetics'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 )
	=	18.196	/	( ( (75.042 - 6.892)	+	(77.605 - 7.075) )	/ 2 )
	=	18.196	/	( ( 68.15	+	70.53 )	/ 2 )
	=	18.196	/	69.34
	=	26.24 %

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

Payton Planar Magnetics (XBRU:PAY) 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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Payton Planar Magnetics (XBRU:PAY) Business Description

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GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Payton Planar Magnetics Ltd (XBRU:PAY) » Definitions » ROCE %

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PAYb:UK

Address

3 Ha’avoda Street, P.O. Box 2016, Ness-Ziona, ISR

Website

https://www.paytongroup.com

Payton Planar Magnetics Ltd Formerly Payton Planar Magnetics develops, manufactures and markets planar and conventional transformers and operates abroad through its subsidiaries and distributors. The business operates in one business segment that is Transformers. Geographically the company exports its services to Israel, Europe, America, and Asia. The Asian region generates maximum revenue for the company. The product line of the company consists of planar transformers, inductors, and off the shelf transformers. Export sales generate maximum revenue for the company.