Frequency Electronics (FRA:98K) ROCE % : 21.01% (As of Jul. 2024)

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What is Frequency Electronics 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. Frequency Electronics's annualized ROCE % for the quarter that ended in Jul. 2024 was 21.01%.

Frequency Electronics ROCE % Historical Data

The historical data trend for Frequency Electronics'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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Frequency Electronics ROCE % Chart

Frequency Electronics Annual Data

Trend

Apr15

Apr16

Apr17

Apr18

Apr19

Apr20

Apr21

Apr22

Apr23

Apr24

ROCE %

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-14.96

0.74

-12.89

-9.49

10.18

Frequency Electronics Quarterly Data
	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24	Apr24	Jul24	Oct24
ROCE %	Get a 7-Day Free Trial															6.89	-3.74	19.67	21.01	22.27

Frequency Electronics ROCE % Calculation

Frequency Electronics's annualized ROCE % for the fiscal year that ended in Apr. 2024 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Apr. 2024 )		(A: Apr. 2023 )		(A: Apr. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Apr. 2024 )		(A: Apr. 2023 )		(A: Apr. 2024 )
	=	4.678	/	( ( (67.94 - 24.88)	+	(79.816 - 30.926) )	/ 2 )
	=	4.678	/	( (43.06	+	48.89)	/ 2 )
	=	4.678	/	45.975
	=	10.18 %

Frequency Electronics's ROCE % of for the quarter that ended in Jul. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jul. 2024 )		(Q: Apr. 2024 )		(Q: Jul. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jul. 2024 )		(Q: Apr. 2024 )		(Q: Jul. 2024 )
	=	9.548	/	( ( (79.816 - 30.926)	+	(77.691 - 35.675) )	/ 2 )
	=	9.548	/	( ( 48.89	+	42.016 )	/ 2 )
	=	9.548	/	45.453
	=	21.01 %

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

Frequency Electronics (FRA:98K) 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.

Frequency Electronics ROCE % Related Terms

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Frequency Electronics Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Frequency Electronics Inc (FRA:98K) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

FEIM:USA 98K:Germany

Address

55 Charles Lindbergh Boulevard, Mitchel Field, NY, USA, 11553

Website

https://www.frequencyelectronics.com

Frequency Electronics Inc is engaged in the design, development, and manufacture of high-precision timing, and frequency control products for space, air, sea, and terrestrial applications. The company has FEI-NY and FEI-Zyfer reportable segments. It derives the majority of its revenues from the FEI-NY segment. FEI-NY segment operations consist principally of precision time and frequency control products used in three principal markets namely communication satellites (both commercial and U.S. Government-funded); terrestrial cellular telephone or other ground-based telecommunication stations; and other components and systems for the U.S. military.

Frequency Electronics Headlines

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