Wolfson Microelectronics (LSE:WLF) ROCE % : -17.89% (As of Mar. 2014)

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What is Wolfson Microelectronics 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. Wolfson Microelectronics's annualized ROCE % for the quarter that ended in Mar. 2014 was -17.89%.

Wolfson Microelectronics ROCE % Historical Data

The historical data trend for Wolfson Microelectronics'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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Wolfson Microelectronics ROCE % Chart

Wolfson Microelectronics Annual Data

Trend

Dec01

Dec02

Dec03

Dec04

Dec05

Dec06

Dec07

Dec08

Dec12

Dec13

ROCE %

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26.88

22.43

6.53

-5.20

-14.74

Wolfson Microelectronics Quarterly Data
	Mar09	Jun09	Sep09	Mar10	Jun10	Sep10	Dec10	Mar11	Jun11	Sep11	Dec11	Mar12	Jun12	Sep12	Dec12	Mar13	Jun13	Sep13	Dec13	Mar14
ROCE %	Get a 7-Day Free Trial															-17.71	-6.44	-8.03	-28.02	-17.89

Wolfson Microelectronics ROCE % Calculation

Wolfson Microelectronics's annualized ROCE % for the fiscal year that ended in Dec. 2013 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2013 )		(A: Dec. 2012 )		(A: Dec. 2013 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2013 )		(A: Dec. 2012 )		(A: Dec. 2013 )
	=	-12.349	/	( ( (112.033 - 23.387)	+	(92.337 - 13.447) )	/ 2 )
	=	-12.349	/	( (88.646	+	78.89)	/ 2 )
	=	-12.349	/	83.768
	=	-14.74 %

Wolfson Microelectronics's ROCE % of for the quarter that ended in Mar. 2014 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2014 )		(Q: Dec. 2013 )		(Q: Mar. 2014 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2014 )		(Q: Dec. 2013 )		(Q: Mar. 2014 )
	=	-13.78	/	( ( (92.337 - 13.447)	+	(90.006 - 14.82) )	/ 2 )
	=	-13.78	/	( ( 78.89	+	75.186 )	/ 2 )
	=	-13.78	/	77.038
	=	-17.89 %

(1) Note: The EBIT data used here is four times the quarterly (Mar. 2014) EBIT data.

Wolfson Microelectronics (LSE:WLF) 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.

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Wolfson Microelectronics (LSE:WLF) Business Description

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http://www.wolfsonmicro.com

Wolfson Microelectronics PLC supplies high performance mixed-signal semiconductors to the consumer electronics market. The company's two segments are Audio Hubs and Discrete and Power Products. Audio Hubs includes the supply and sale of Audio Hubs high performance audio integrated circuit solutions. Discrete and Power Products includes the supply and sale of integrated circuits which are discrete components. The company operates in Japan, Asia Pacific, Americas and Europe.

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