Detection Technology (LTS:0CXE) ROCE % : 12.83% (As of Dec. 2023)

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What is Detection Technology 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. Detection Technology's annualized ROCE % for the quarter that ended in Dec. 2023 was 12.83%.

Detection Technology ROCE % Historical Data

The historical data trend for Detection Technology'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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Detection Technology ROCE % Chart

Detection Technology Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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31.18

14.25

17.47

7.82

10.19

Detection Technology Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
ROCE %	Get a 7-Day Free Trial															20.97	6.51	9.28	7.77	12.83

Detection Technology ROCE % Calculation

Detection Technology'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 )
	=	7.639	/	( ( (91.388 - 18.63)	+	(94.522 - 17.329) )	/ 2 )
	=	7.639	/	( (72.758	+	77.193)	/ 2 )
	=	7.639	/	74.9755
	=	10.19 %

Detection Technology's ROCE % of for the quarter that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2023 )		(Q: Jun. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Jun. 2023 )		(Q: Dec. 2023 )
	=	9.622	/	( ( (92.122 - 19.316)	+	(94.522 - 17.329) )	/ 2 )
	=	9.622	/	( ( 72.806	+	77.193 )	/ 2 )
	=	9.622	/	74.9995
	=	12.83 %

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

Detection Technology (LTS:0CXE) 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.

Detection Technology ROCE % Related Terms

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Detection Technology (LTS:0CXE) Business Description

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GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Detection Technology PLC (LTS:0CXE) » Definitions » ROCE %

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DETEC:Finland

Address

A Grid, Otakaari 5A, Espoo, FIN, 02150

Website

https://www.deetee.com

Detection Technology PLC is a company engaged in providing X-ray imaging subsystems, components, and services for medical, security and industrial applications. The business units of the company are the Medical business unit and Security and Industrial business unit, of which prime revenue is derived from the Security Business Unit. Its security imaging offering includes X-ray imaging subsystems for security applications from baggage, parcel and cargo scanning to personnel screening and computed tomography.

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