Filtronic (Filtronic) ROCE % : -5.22% (As of Nov. 2023)

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What is Filtronic 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. Filtronic's annualized ROCE % for the quarter that ended in Nov. 2023 was -5.22%.

Filtronic ROCE % Historical Data

The historical data trend for Filtronic'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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Filtronic ROCE % Chart

Filtronic Annual Data

Trend

May14

May15

May16

May17

May18

May19

May20

May21

May22

May23

ROCE %

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1.84

-1.46

4.15

16.72

2.30

Filtronic Semi-Annual Data
	May14	Nov14	May15	Nov15	May16	Nov16	May17	Nov17	May18	Nov18	May19	Nov19	May20	Nov20	May21	Nov21	May22	Nov22	May23	Nov23
ROCE %	Get a 7-Day Free Trial															13.69	20.84	8.58	-4.22	-5.22

Filtronic ROCE % Calculation

Filtronic's annualized ROCE % for the fiscal year that ended in May. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: May. 2023 )		(A: May. 2022 )		(A: May. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: May. 2023 )		(A: May. 2022 )		(A: May. 2023 )
	=	0.368	/	( ( (20.448 - 4.959)	+	(22.579 - 6.015) )	/ 2 )
	=	0.368	/	( (15.489	+	16.564)	/ 2 )
	=	0.368	/	16.0265
	=	2.30 %

Filtronic's ROCE % of for the quarter that ended in Nov. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Nov. 2023 )		(Q: May. 2023 )		(Q: Nov. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Nov. 2023 )		(Q: May. 2023 )		(Q: Nov. 2023 )
	=	-0.874	/	( ( (22.579 - 6.015)	+	(23.296 - 6.347) )	/ 2 )
	=	-0.874	/	( ( 16.564	+	16.949 )	/ 2 )
	=	-0.874	/	16.7565
	=	-5.22 %

(1) Note: The EBIT data used here is two times the semi-annual (Nov. 2023) EBIT data.

Filtronic (OTCPK:FLTCF) 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.

Filtronic ROCE % Related Terms

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Filtronic (Filtronic) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Filtronic PLC (OTCPK:FLTCF) » Definitions » ROCE %

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FTC:UK FTI:Germany

Address

Thomas Wright Way, Plexus 1, NETPark, Sedgefield, Durham, GBR, TS21 3FD

Website

https://www.filtronic.com

Filtronic PLC designs and manufactures a broad range of customized RF, microwave, and millimeter-wave components and subsystems. Its products are used in mobile wireless communication equipment, point-to-point communication systems, and adjacent defense sectors. Its customer base includes international original equipment manufacturers as well as a wide range of mobile phone network operators. It has operations in the United Kingdom, Europe, the Americas, and the Rest of the world.

Filtronic (Filtronic) Headlines

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