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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. Resonant's annualized ROCE % for the quarter that ended in Dec. 2021 was -173.57%.
The historical data trend for Resonant'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.
Resonant Annual Data | |||||||||||||||||||||
Trend | Dec12 | Dec13 | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | |||||||||||
ROCE % | Get a 7-Day Free Trial | -123.39 | -115.92 | -171.90 | -146.80 | -149.08 |
Resonant Quarterly Data | ||||||||||||||||||||
Mar17 | Jun17 | Sep17 | Dec17 | Mar18 | Jun18 | Sep18 | Dec18 | Mar19 | Jun19 | Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | |
ROCE % | Get a 7-Day Free Trial | -116.86 | -138.94 | -148.99 | -158.55 | -173.57 |
Resonant's annualized ROCE % for the fiscal year that ended in Dec. 2021 is calculated as:
ROCE % | = | EBIT | / | ( (Capital Employed | + | Capital Employed) | / count ) |
(A: Dec. 2021 ) | (A: Dec. 2020 ) | (A: Dec. 2021 ) | |||||
= | EBIT | / | ( ( (Total Assets - Total Current Liabilities) | + | (Total Assets - Total Current Liabilities) ) | / count ) | |
(A: Dec. 2021 ) | (A: Dec. 2020 ) | (A: Dec. 2021 ) | |||||
= | -35.954 | / | ( ( (32.73 - 5.851) | + | (28.361 - 7.004) ) | / 2 ) | |
= | -35.954 | / | ( (26.879 | + | 21.357) | / 2 ) | |
= | -35.954 | / | 24.118 | ||||
= | -149.08 % |
Resonant's ROCE % of for the quarter that ended in Dec. 2021 is calculated as:
ROCE % | = | EBIT (1) | / | ( (Capital Employed | + | Capital Employed) | / count ) |
(Q: Dec. 2021 ) | (Q: Sep. 2021 ) | (Q: Dec. 2021 ) | |||||
= | EBIT | / | ( ( (Total Assets - Total Current Liabilities) | + | (Total Assets - Total Current Liabilities) ) | / count ) | |
(Q: Dec. 2021 ) | (Q: Sep. 2021 ) | (Q: Dec. 2021 ) | |||||
= | -36.356 | / | ( ( (26.976 - 6.442) | + | (28.361 - 7.004) ) | / 2 ) | |
= | -36.356 | / | ( ( 20.534 | + | 21.357 ) | / 2 ) | |
= | -36.356 | / | 20.9455 | ||||
= | -173.57 % |
(1) Note: The EBIT data used here is four times the quarterly (Dec. 2021) EBIT data.
* 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.
Resonant (NAS:RESN) 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.
Thank you for viewing the detailed overview of Resonant's ROCE % provided by GuruFocus.com. Please click on the following links to see related term pages.
George B Holmes | director, officer: Chief Executive Officer | C/O RESONANT INC., 10900 STONELAKE BLVD., SUITE 100, OFFICE, AUSTIN TX 78759 |
Neal Fenzi | officer: Chief Technology Officer | C/O RESONANT INC. 175 CREMONA DRIVE, SUITE 200 GOLETA CA 93117 |
Dylan Kelly | officer: Chief Operating Officer | C/O RESONANT INC. 175 CREMONA DRIVE, SUITE 200 GOLETA CA 93117 |
Martin S Mcdermut | officer: Chief Financial Officer | C/O RESONANT INC. 10900 STONELAKE BLVD., SUITE 100, OFFICE 02-130, AUSTIN TX 78759 |
Marybeth Carberry | officer: Exec VP of Business Operations | C/O RESONANT INC. 175 CREMONA DRIVE, SUITE 200 GOLETA CA 93117 |
Alan B Howe | director | 1155 KAS DRIVE SUITE 100, RICHARDSON TX 75081 |
Robert L. Tirva | director | C/O RESONANT INC. 10900 STONELAKE BLVD., SUITE 100, OFFICE 02-130, AUSTIN TX 78759 |
Ruben Caballero | director | C/O RESONANT INC. 10900 STONELAKE BLVD., SUITE 100, OFFICE 02-130, AUSTIN TX 78759 |
Michael J Fox | director | C/O PARK CITY CAPITAL, LLC, 100 CRESCENT COURT SUITE 700, DALLAS TX 75201 |
Joshua Jacobs | director | 9917 LA TUNA CANYON ROAD, SUN VALLEY CA 91352 |
Jean F Rankin | director | 1110 AMERICAN PARKWAY NE, ALLENTOWN PA 18109 |
Jack H Jacobs | director | 101 OAKS ROAD, MILLINGTON NJ 07946 |
Robert B Hammond | officer: Co-Chief Technology Officer | C/O RESONANT INC., 175 CREMONA DRIVE, SUITE 200, GOLETA CA 93117 |
Park City Capital, Llc | director | 12400 COIT ROAD, SUITE 800, DALLAS TX 75251 |
Longboard Capital Advisors, Llc | 10 percent owner | 9665 WILSHIRE BLVD., SUITE 430, BEVERLY HILLS CA 90212 |
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