ELST (Electronic Systems Technology) ROCE %: -20.32% (As of Sep. 2024)

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ELST Electronic Systems Technology Inc ELST
12 GF Score
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What is Electronic Systems Technology ROCE %?

Electronic Systems Technology ELST 12 ROCE % is -20.32% as of Sep. 2024. GuruFocus rates ELST with a GF Score™ of 12/100.

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. Electronic Systems Technology's annualized ROCE % for the quarter that ended in Sep. 2024 was -20.32%.

Electronic Systems Technology  (OTCPK:ELST) 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.

Electronic Systems Technology ROCE % Related Terms

Electronic Systems Technology ROCE % Historical Data

* Premium members only.

The historical data trend for Electronic Systems Technology'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.

Electronic Systems Technology ROCE % Chart

Electronic Systems Technology Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
ROCE %
Get a 7-Day Free Trial Premium Member Only Premium Member Only -11.51 -12.71 -11.22 4.51 -10.69

Electronic Systems Technology 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 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 -11.73 -21.80 -22.98 -20.19 -20.32
ELST
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Electronic Systems Technology Inc ELST
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Electronic Systems Technology ROCE % Calculation

Electronic Systems Technology'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 )
=-0.184/( ( (2.046 - 0.229) + (1.731 - 0.104) )/ 2 )
=-0.184/( (1.817+1.627)/ 2 )
=-0.184/1.722
=-10.69 %

Electronic Systems Technology'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 )
=-0.292/( ( (1.597 - 0.127) + (1.451 - 0.047) )/ 2 )
=-0.292/( ( 1.47 + 1.404 )/ 2 )
=-0.292/1.437
=-20.32 %

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

Frequently Asked Questions Learn more about ROCE % →
What does a ROCE % of -20.32% mean?
Electronic Systems Technology (ELST) has a ROCE % of -20.32% as of Sep. 2024.
Is Electronic Systems Technology's ROCE % too high?
Electronic Systems Technology's current ROCE % is -20.32%. Overall, Electronic Systems Technology has a GF Score™ of 12/100, reflecting its overall financial health beyond just this single metric.
How does Electronic Systems Technology's ROCE % compare to AKTSQ and MLRT?
Electronic Systems Technology's ROCE % of -20.32% can be compared against companies in the Hardware industry. The industry median ROCE % is 5.89. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good ROCE % for a Hardware company?
The median ROCE % among Hardware companies is 5.89, based on 2,451 companies in the industry. Companies in the top quartile (top 25%) have a ROCE % significantly above this median, while those in the bottom quartile fall well below. However, ROCE % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high ROCE % mean?
A high ROCE % can signal that a stock is expensive relative to its fundamentals. For the Hardware industry, the median ROCE % is 5.89 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Electronic Systems Technology's current ROCE % is -20.32%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Electronic Systems Technology stock overvalued right now?
Electronic Systems Technology (ELST) has a current ROCE % of -20.32%. The current ROCE % is -20.32%. Electronic Systems Technology's overall GF Score™ is 12/100. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is ROCE % calculated?
ROCE % is calculated from a company's financial statements. For Electronic Systems Technology (ELST), the current ROCE % is -20.32% as of Sep. 2024. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Electronic Systems Technology Business Description

Address 415 N. Roosevelt Street, STE B1, Kennewick, WA, USA, 99336
Electronic Systems Technology Inc is engaged in the development and manufacturing of digital data (non-voice) radio transceivers for use in industrial wireless networking applications. It designs, develops, manufactures, and markets industrial wireless products and accessories. The company's products provide communication solutions for applications underutilized by conventional, commercial-grade communication systems. It offers product lines in markets for process automation in commercial, industrial, and government arenas domestically as well as internationally.
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ROCE % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

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