Calnex Solutions (LSE:CLX) ROCE % : 2.09% (As of Mar. 2024)

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What is Calnex Solutions 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. Calnex Solutions's annualized ROCE % for the quarter that ended in Mar. 2024 was 2.09%.

Calnex Solutions ROCE % Historical Data

The historical data trend for Calnex Solutions'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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Calnex Solutions ROCE % Chart

Calnex Solutions Annual Data

Trend

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

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34.85

24.97

26.68

25.43

-0.82

Calnex Solutions Semi-Annual Data
	Mar18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23	Mar24
ROCE %	Get a 7-Day Free Trial							31.10	22.91	27.35	-3.76	2.09

Calnex Solutions ROCE % Calculation

Calnex Solutions's annualized ROCE % for the fiscal year that ended in Mar. 2024 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Mar. 2024 )		(A: Mar. 2023 )		(A: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Mar. 2024 )		(A: Mar. 2023 )		(A: Mar. 2024 )
	=	-0.26	/	( ( (38.75 - 7.091)	+	(37 - 5.065) )	/ 2 )
	=	-0.26	/	( (31.659	+	31.935)	/ 2 )
	=	-0.26	/	31.797
	=	-0.82 %

Calnex Solutions's ROCE % of for the quarter that ended in Mar. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2024 )		(Q: Sep. 2023 )		(Q: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2024 )		(Q: Sep. 2023 )		(Q: Mar. 2024 )
	=	0.656	/	( ( (36.735 - 5.786)	+	(37 - 5.065) )	/ 2 )
	=	0.656	/	( ( 30.949	+	31.935 )	/ 2 )
	=	0.656	/	31.442
	=	2.09 %

(1) Note: The EBIT data used here is two times the semi-annual (Mar. 2024) EBIT data.

Calnex Solutions (LSE:CLX) 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.

Calnex Solutions ROCE % Related Terms

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Calnex Solutions (LSE:CLX) Business Description

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GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Calnex Solutions PLC (LSE:CLX) » Definitions » ROCE %

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CSO:Germany

Address

Oracle Campus, Linlithgow, West Lothian, GBR, EH49 7LR

Website

https://www.calnexsol.com

Calnex Solutions PLC is a provider of test and measurement solutions for the telecommunications sector. It designs, produces, and markets test instrumentation and solutions for network synchronization and network emulation. The company offers its equipment to network operators, network providers, systems suppliers, laboratories, and network infrastructures.