CRUS (Cirrus Logic) ROCE % : 26.77% (As of Sep. 2024)

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What is Cirrus Logic 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. Cirrus Logic's annualized ROCE % for the quarter that ended in Sep. 2024 was 26.77%.

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.

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Cirrus Logic ROCE % Chart

Cirrus Logic Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

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13.65

16.15

21.27

13.79

18.74

Cirrus Logic Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
ROCE %	Get a 7-Day Free Trial															23.35	34.98	11.73	11.06	26.77

Cirrus Logic ROCE % Calculation

Cirrus Logic's annualized ROCE % for the fiscal year that ended in Mar. 2024 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Mar. 2024 )		(A: Mar. 2023 )		(A: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Mar. 2024 )		(A: Mar. 2023 )		(A: Mar. 2024 )
	=	364.851	/	( ( (2063.966 - 216.34)	+	(2231.576 - 186.393) )	/ 2 )
	=	364.851	/	( (1847.626	+	2045.183)	/ 2 )
	=	364.851	/	1946.4045
	=	18.74 %

Cirrus Logic's ROCE % of for the quarter that ended in Sep. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2024 )		(Q: Jun. 2024 )		(Q: Sep. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2024 )		(Q: Jun. 2024 )		(Q: Sep. 2024 )
	=	560.996	/	( ( (2265.625 - 201.742)	+	(2356.139 - 229.276) )	/ 2 )
	=	560.996	/	( ( 2063.883	+	2126.863 )	/ 2 )
	=	560.996	/	2095.373
	=	26.77 %

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

Cirrus Logic (NAS:CRUS) 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

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Cirrus Logic Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Cirrus Logic Inc (NAS:CRUS) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

CRUS:Mexico 0HYI:UK CRU:Germany 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 HPMS Products. These products include aAmplifiers, codecs, smart codecs, analog-to-digital converters, digital-to-analog converters and standalone digital signal processors, Camera controllers, haptics and sensing solutions, and battery and power ICs. 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.

Executives

Jeffrey W Baumgartner	officer: VP, R&D	800 W. 6TH STREET, AUSTIN TX 78701
Carl Jackson Alberty	officer: VP of MSP	800 W. 6TH STREET, AUSTIN TX 78701
Andrew Brannan	officer: VP, Worldwide Sales	WESTFIELD HOUSE, 26 WESTFIELD ROAD, EDINBURGH X0 EH11 2QB
Justin E Dougherty	officer: VP, Engineering Operation	800 W. 6TH STREET, AUSTIN TX 78701
Scott Thomas	officer: VP General Counsel	C/O CIRRUS LOGIC INC, 800 WEST 6TH STREET, AUSTIN TX 78701
David J. Tupman	director	1028 CHURCH ST., SAN FRANCISCO CA 94114
Alexander M Davern	director	C/O NATIONAL INSTRUMENTS, 11500 MOPAC BLDG C, AUSTIN TX 78759
Venkatesh Nathamuni	officer: Chief Financial Officer	800 W. 6TH STREET, AUSTIN TX 78701
Le Duy Loan T	director	C/O NATIONAL INSTRUMENTS, 11500 MOPAC BLDG B, AUSTIN TX 78759
Scott Arnold Anderson	officer: SVP & GM Mixed Signal Audio	1303 E ALGONQUIN RD, SCHAUMBURG IL 60196
Timothy R Dehne	director	C/O NATIONAL INSTRUMENTS, 11500 MOPAC BLDG B, AUSTIN TX 78759
Denise Grode	officer: Chief Human Resources Officer	800 W. 6TH STREET, AUSTIN TX 78701
Allan Hughes	officer: VP, Cirrus Logic Internat	WESTFIELD HOUSE, 26 WESTFIELD ROAD, EDINBURGH X0 EH11 2QB
Thurman K Case	officer: VP and CFO	C/O CIRRUS LOGIC INC, 800 W. 6TH STREET, AUSTIN TX 78701
John Forsyth	director, officer: CEO	800 W. 6TH STREET, AUSTIN TX 78701