Cherry SE (CHIX:C3RYD) ROCE % : -5.72% (As of Mar. 2024)

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What is Cherry SE 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. Cherry SE's annualized ROCE % for the quarter that ended in Mar. 2024 was -5.72%.

Cherry SE ROCE % Historical Data

The historical data trend for Cherry SE'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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Cherry SE ROCE % Chart

Cherry SE Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

-4.86

8.70

-10.28

-54.18

Cherry SE Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial													-7.97	1.05	-10.40	-199.50	-5.72

Cherry SE ROCE % Calculation

Cherry SE'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 )
	=	-130.413	/	( ( (379.066 - 47.26)	+	(238.554 - 88.976) )	/ 2 )
	=	-130.413	/	( (331.806	+	149.578)	/ 2 )
	=	-130.413	/	240.692
	=	-54.18 %

Cherry SE's ROCE % of for the quarter that ended in Mar. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	-8.444	/	( ( (238.554 - 88.976)	+	(211.518 - 65.992) )	/ 2 )
	=	-8.444	/	( ( 149.578	+	145.526 )	/ 2 )
	=	-8.444	/	147.552
	=	-5.72 %

(1) Note: The EBIT data used here is four times the quarterly (Mar. 2024) EBIT data.

Cherry SE (CHIX:C3RYd) 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.

Cherry SE ROCE % Related Terms

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Cherry SE (CHIX:C3RYD) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Cherry SE (CHIX:C3RYd) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

C3RY:Germany

Address

Cherrystrasse 2, Auerbach, DEU, 91275

Website

https://www.cherry.de

Cherry SE is a manufacturer of high-end mechanical keyboard switches and computer input devices such as keyboards, mice, microphones, and headsets for gaming and e-sports and (hybrid) office workstation applications as well as industrial applications and the healthcare sector. The product offerings of the company include USB-A / USB-C Adapters, Mice, Accessories, and other products.

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