SCKT (Socket Mobile) ROCE % : -19.73% (As of Sep. 2024)

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What is Socket Mobile 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. Socket Mobile's annualized ROCE % for the quarter that ended in Sep. 2024 was -19.73%.

Socket Mobile ROCE % Historical Data

The historical data trend for Socket Mobile'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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Socket Mobile ROCE % Chart

Socket Mobile Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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4.34

-25.40

17.46

-2.04

-13.61

Socket Mobile Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
ROCE %	Get a 7-Day Free Trial															-25.56	-8.72	-8.80	-9.89	-19.73

Socket Mobile ROCE % Calculation

Socket Mobile'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 )
	=	-3.121	/	( ( (28.598 - 4.972)	+	(28.741 - 6.5) )	/ 2 )
	=	-3.121	/	( (23.626	+	22.241)	/ 2 )
	=	-3.121	/	22.9335
	=	-13.61 %

Socket Mobile's ROCE % of for the quarter that ended in Sep. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2024 )		(Q: Jun. 2024 )		(Q: Sep. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2024 )		(Q: Jun. 2024 )		(Q: Sep. 2024 )
	=	-4.124	/	( ( (28.044 - 6.643)	+	(27.721 - 7.32) )	/ 2 )
	=	-4.124	/	( ( 21.401	+	20.401 )	/ 2 )
	=	-4.124	/	20.901
	=	-19.73 %

(1) Note: The EBIT data used here is four times the quarterly (Sep. 2024) EBIT data.

Socket Mobile (NAS:SCKT) 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.

Socket Mobile ROCE % Related Terms

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Socket Mobile Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Socket Mobile Inc (NAS:SCKT) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

40675 Encyclopedia Circle, Fremont, CA, USA, 94538

Website

https://www.socketmobile.com

Socket Mobile Inc is a producer of data capture products. The company's products are integrated into mobile applications used in mobile point of sale (mPOS), commercial services (field workers), asset tracking, manufacturing process and quality control, transportation and logistics (goods tracking and movement), event management (ticketing, entry, access control, and identification), medical and education. The company offers barcode scanning products for both one-dimensional, including imager and laser, and two-dimensional barcode scanning in standard and durable cases. The company's geographical segments are the Americas, Europe, Asia Pacific, and Africa, out of which the majority of the revenue is generated from the United States.

Executives

Charlie Bass	director	40675 ENCYCLOPEDIA CIR., FREMONT CA 94538
Parnell William L. Jr	director	40675 ENCYCLOPEDIA CIR, FREMONT CA 94538
Kevin J Mills	director, officer: President and CEO	40675 ENCYCLOPEDIA CIR., FREMONT CA 94538
Giacomo Marini	director	40675 ENCYCLOPEDIA CIR., FREMONT CA 94538
Laura Weinstein	director	40675 ENCYCLOPEDIA CIRCLE, FREMONT CA 94538
Leonard L Ott	officer: Chief Technical Officer	37400 CENTRAL COURT, NEWARK CA 94560
David A. Holmes	officer: Chief Business Officer	39700 EUREKA DRIVE, NEWARK CA 94560
Lynn Zhao	officer: Vice President and Controller	39700 EUREKA DRIVE, NEWARK CA 94560
David W Dunlap	officer: CFO	37400 CENTRAL COURT, NEWARK CA 94560
Ivan Lazarev	director	40675 ENCYCLOPEDIA CIR, FREMONT CA 94538
Nelson C Chan	director	C/O SYNAPTICS INCORPORATED, 1251 MCKAY DRIVE, SAN JOSE CA 95131
Brenton Earl Macdonald	director	39700 EUREKA DRIVE, NEWARK CA 94560
James Lopez	officer: VP Marketing & Business Dev.	39700 EUREKA DRIVE, NEWARK CA 94560
Erik L. Fidel	director	39700 EUREKA DRIVE, NEWARK CA 94560
Kevin R Jost	director	10370 RICHMOND AVENUE, SUITE 600, HOUSTON TX 77042