IQE (LSE:IQE) ROCE % : -10.93% (As of Jun. 2024)

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What is IQE 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. IQE's annualized ROCE % for the quarter that ended in Jun. 2024 was -10.93%.

IQE ROCE % Historical Data

The historical data trend for IQE'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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IQE ROCE % Chart

IQE Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-7.15

-0.52

-6.43

-26.88

-11.16

IQE Semi-Annual Data
	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
ROCE %	Get a 7-Day Free Trial															-4.95	-47.89	-16.82	-5.59	-10.93

IQE ROCE % Calculation

IQE'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 )
	=	-25.779	/	( ( (296.11 - 51.309)	+	(273.514 - 56.119) )	/ 2 )
	=	-25.779	/	( (244.801	+	217.395)	/ 2 )
	=	-25.779	/	231.098
	=	-11.16 %

IQE's ROCE % of for the quarter that ended in Jun. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jun. 2024 )		(Q: Dec. 2023 )		(Q: Jun. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jun. 2024 )		(Q: Dec. 2023 )		(Q: Jun. 2024 )
	=	-24.276	/	( ( (273.514 - 56.119)	+	(286.256 - 59.503) )	/ 2 )
	=	-24.276	/	( ( 217.395	+	226.753 )	/ 2 )
	=	-24.276	/	222.074
	=	-10.93 %

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

IQE (LSE:IQE) 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.

IQE ROCE % Related Terms

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IQE Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » IQE PLC (LSE:IQE) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

IQEPF:USA IQE.GB:UK

Address

Pascal Close, Saint Mellons, Cardiff, South Glamorgan, GBR, CF3 0LW

Website

https://www.iqep.com

IQE PLC is a company engaged in the research, design, development, manufacture and sale of compound semiconductor materials. Its reportable segments based on the markets include Wireless, Photonics, and CMOS++. The Photonics segment manufactures and sells compound semiconductor material for the photonics market, which includes applications that either transmit or sense light, both visible and infrared. The Wireless segment manufactures and sells compound semiconductor material for the wireless market, which includes radiofrequency devices that enable wireless communications. Its geographical segments are the Americas, Europe, Middle East & Africa (EMEA), and the Asia Pacific.

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