Synectics (LSE:SNX) ROCE % : 10.01% (As of Nov. 2023)

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What is Synectics 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. Synectics's annualized ROCE % for the quarter that ended in Nov. 2023 was 10.01%.

Synectics ROCE % Historical Data

The historical data trend for Synectics'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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Synectics ROCE % Chart

Synectics Annual Data

Trend

Nov14

Nov15

Nov16

Nov17

Nov18

Nov19

Nov20

Nov21

Nov22

Nov23

ROCE %

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4.34

-14.65

-1.15

1.24

6.64

Synectics 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															1.64	2.43	0.10	3.31	10.01

Synectics ROCE % Calculation

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

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Nov. 2023 )		(A: Nov. 2022 )		(A: Nov. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Nov. 2023 )		(A: Nov. 2022 )		(A: Nov. 2023 )
	=	2.754	/	( ( (52.422 - 11.465)	+	(57.624 - 15.572) )	/ 2 )
	=	2.754	/	( (40.957	+	42.052)	/ 2 )
	=	2.754	/	41.5045
	=	6.64 %

Synectics'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 )
	=	4.154	/	( ( (52.771 - 11.804)	+	(57.624 - 15.572) )	/ 2 )
	=	4.154	/	( ( 40.967	+	42.052 )	/ 2 )
	=	4.154	/	41.5095
	=	10.01 %

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

Synectics (LSE:SNX) 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.

Synectics ROCE % Related Terms

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Synectics (LSE:SNX) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Synectics PLC (LSE:SNX) » Definitions » ROCE %

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Address

3-4 Broadfield Close, Synectics House, Sheffield, South Yorkshire, GBR, S8 0XN

Website

https://www.synecticsplc.com

Synectics PLC is a UK-based company, which operates in d security and surveillance systems. It business of the group is operated through Systems and Security segments. Its systems segment develops, integrates, and delivers resilient, flexible electronic surveillance solutions based on its proprietary hardware and software, and operates globally across all sectors. The Security segment focuses on the design, delivery, maintenance, and management of end-to-end security and surveillance systems for high-security & public space applications, and operates principally in the United Kingdom. Its operations are spread across UK and Europe, North America, the Middle East & Africa, and Asia Pacific.