RoodMicrotec NV (FRA:ROO) ROCE % : 16.73% (As of Jun. 2023)

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What is RoodMicrotec NV 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. RoodMicrotec NV's annualized ROCE % for the quarter that ended in Jun. 2023 was 16.73%.

RoodMicrotec NV ROCE % Historical Data

The historical data trend for RoodMicrotec NV'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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RoodMicrotec NV ROCE % Chart

RoodMicrotec NV Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

ROCE %

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3.40

1.22

-2.11

11.00

17.90

RoodMicrotec NV Semi-Annual Data
	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
ROCE %	Get a 7-Day Free Trial															10.12	10.83	11.17	25.17	16.73

RoodMicrotec NV ROCE % Calculation

RoodMicrotec NV's annualized ROCE % for the fiscal year that ended in Dec. 2022 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2022 )		(A: Dec. 2021 )		(A: Dec. 2022 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2022 )		(A: Dec. 2021 )		(A: Dec. 2022 )
	=	2.453	/	( ( (15.014 - 2.091)	+	(17.197 - 2.719) )	/ 2 )
	=	2.453	/	( (12.923	+	14.478)	/ 2 )
	=	2.453	/	13.7005
	=	17.90 %

RoodMicrotec NV's ROCE % of for the quarter that ended in Jun. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jun. 2023 )		(Q: Dec. 2022 )		(Q: Jun. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jun. 2023 )		(Q: Dec. 2022 )		(Q: Jun. 2023 )
	=	2.102	/	( ( (17.197 - 2.719)	+	(16.881 - 6.227) )	/ 2 )
	=	2.102	/	( ( 14.478	+	10.654 )	/ 2 )
	=	2.102	/	12.566
	=	16.73 %

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

RoodMicrotec NV (FRA:ROO) 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.

RoodMicrotec NV ROCE % Related Terms

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RoodMicrotec NV (FRA:ROO) Business Description

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GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » RoodMicrotec NV (FRA:ROO) » Definitions » ROCE %

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N/A

Address

Zutphenseweg 29 D1, Deventer, OV, NLD, 7418 AH

Website

https://www.roodmicrotec.com

RoodMicrotec NV is a semiconductor company that supplies chips and packaged devices, and services to industrial and automotive companies throughout Europe. The services offered by the company are supply chain service, test engineering and operations, qualification and reliability, failure, and technological analysis. It generates the majority of the revenue from the test operations. The test operations business unit covers the segments of testing, programming, scanning, and tape and reel of semiconductor devices, whereas qualification and reliability investigation the company distinguishes between electrical qualification and optical and mechanical qualification.

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