Microwave Filter Co (Microwave Filter Co) ROCE % : -3.73% (As of Jun. 2019)

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What is Microwave Filter Co 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. Microwave Filter Co's annualized ROCE % for the quarter that ended in Jun. 2019 was -3.73%.

Microwave Filter Co ROCE % Historical Data

The historical data trend for Microwave Filter Co'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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Microwave Filter Co ROCE % Chart

Microwave Filter Co Annual Data

Trend

Sep09

Sep10

Sep11

Sep12

Sep13

Sep14

Sep15

Sep16

Sep17

Sep18

ROCE %

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2.64

-9.28

-0.98

-15.25

-0.21

Microwave Filter Co Quarterly Data
	Sep14	Dec14	Mar15	Jun15	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19
ROCE %	Get a 7-Day Free Trial															-5.45	37.17	-16.91	24.51	-3.73

Microwave Filter Co ROCE % Calculation

Microwave Filter Co's annualized ROCE % for the fiscal year that ended in Sep. 2018 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Sep. 2018 )		(A: Sep. 2017 )		(A: Sep. 2018 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Sep. 2018 )		(A: Sep. 2017 )		(A: Sep. 2018 )
	=	-0.003	/	( ( (1.831 - 0.355)	+	(1.77 - 0.361) )	/ 2 )
	=	-0.003	/	( (1.476	+	1.409)	/ 2 )
	=	-0.003	/	1.4425
	=	-0.21 %

Microwave Filter Co's ROCE % of for the quarter that ended in Jun. 2019 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jun. 2019 )		(Q: Mar. 2019 )		(Q: Jun. 2019 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jun. 2019 )		(Q: Mar. 2019 )		(Q: Jun. 2019 )
	=	-0.052	/	( ( (1.764 - 0.357)	+	(1.743 - 0.361) )	/ 2 )
	=	-0.052	/	( ( 1.407	+	1.382 )	/ 2 )
	=	-0.052	/	1.3945
	=	-3.73 %

(1) Note: The EBIT data used here is four times the quarterly (Jun. 2019) EBIT data.

Microwave Filter Co (OTCPK:MFCO) 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.

Microwave Filter Co ROCE % Related Terms

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Microwave Filter Co (Microwave Filter Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Microwave Filter Co Inc (OTCPK:MFCO) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

6743 Kinne Street, East Syracuse, Syracuse, NY, USA, 13057

Website

https://www.microwavefilter.com

Microwave Filter Co Inc operates in the United States and principally in one Industry. The Company extends credit to business customers, including original equipment manufacturers (OEMs), distributors and other end users, based upon ongoing credit evaluations. MFC designs, develops, manufactures and sells electronic filters, both for radio and microwave frequencies, to help process signal distribution and to prevent unwanted signals from disrupting transmit or receive operations. Markets served include 5G, cable television, television and radio broadcast, satellite broadcast, mobile radio and commercial and defense electronics.

Executives

Hummingbird Value Fund Lp	other: See explanation of responses	145 E. 57TH STREET, 8TH FLOOR, NEW YORK NY 10022
Hummingbird Management Llc	other: See explanation of responses	145 E. 57TH STREET, 8TH FLOOR, NEW YORK NY 10022
Paul D Sonkin	other: See explanation of responses	145 E. 57TH STREET, 8TH FLOOR, NEW YORK NY 10022
Hummingbird Capital Llc	other: See explanation of responses	145 E. 57TH STREET, 8TH FLOOR, NEW YORK NY 10022
Tarsier Nanocap Value Fund, Lp	other: See explanation of responses	C/O HUMMINGBIRD MANAGEMENT, LLC, 145 E. 57TH STREET, 8TH FLOOR, NEW YORK NY 10022
Christopher N Argyrople	10 percent owner	50 MILK STREET, 21ST FLOOR, BOSTON MA 02109

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