C-Comtellite Systems (C-Comtellite Systems) ROCE % : 6.86% (As of Feb. 2024)

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What is C-Comtellite Systems 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. C-Comtellite Systems's annualized ROCE % for the quarter that ended in Feb. 2024 was 6.86%.

C-Comtellite Systems ROCE % Historical Data

The historical data trend for C-Comtellite Systems'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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C-Comtellite Systems ROCE % Chart

C-Comtellite Systems Annual Data

Trend

Nov14

Nov15

Nov16

Nov17

Nov18

Nov19

Nov20

Nov21

Nov22

Nov23

ROCE %

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16.74

-1.40

8.36

5.45

5.92

C-Comtellite Systems Quarterly Data
	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
ROCE %	Get a 7-Day Free Trial															-7.16	5.15	-4.81	30.92	6.86

C-Comtellite Systems ROCE % Calculation

C-Comtellite Systems's annualized ROCE % for the fiscal year that ended in Nov. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Nov. 2023 )		(A: Nov. 2022 )		(A: Nov. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Nov. 2023 )		(A: Nov. 2022 )		(A: Nov. 2023 )
	=	1.116	/	( ( (19.743 - 0.836)	+	(19.424 - 0.652) )	/ 2 )
	=	1.116	/	( (18.907	+	18.772)	/ 2 )
	=	1.116	/	18.8395
	=	5.92 %

C-Comtellite Systems's ROCE % of for the quarter that ended in Feb. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Feb. 2024 )		(Q: Nov. 2023 )		(Q: Feb. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Feb. 2024 )		(Q: Nov. 2023 )		(Q: Feb. 2024 )
	=	1.296	/	( ( (19.424 - 0.652)	+	(19.95 - 0.954) )	/ 2 )
	=	1.296	/	( ( 18.772	+	18.996 )	/ 2 )
	=	1.296	/	18.884
	=	6.86 %

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

C-Comtellite Systems (OTCPK:CYSNF) 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.

C-Comtellite Systems ROCE % Related Terms

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C-Comtellite Systems (C-Comtellite Systems) Business Description

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GURUFOCUS.COM » STOCK LIST » Technology » Hardware » C-Com Satellite Systems Inc (OTCPK:CYSNF) » Definitions » ROCE %

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CMI:Canada

Address

2574 Sheffield Road, Ottawa, ON, CAN, K1B 3V7

Website

https://www.c-comsat.com

C-Com Satellite Systems Inc. is a Canadian based company. It is engaged in the designing, development, and manufacturing of mobile satellite-based antenna systems. The product portfolio comprises Driveaway antennas, Flyaway antennas, Fixed motorized antennas and others Geographically, the group has a business presence in Canada, Singapore, Europe, Asia, the US and other countries.

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