Ethernity Networks (STU:82N) ROCE % : -73.72% (As of Dec. 2023)

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What is Ethernity Networks 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. Ethernity Networks's annualized ROCE % for the quarter that ended in Dec. 2023 was -73.72%.

Ethernity Networks ROCE % Historical Data

The historical data trend for Ethernity Networks'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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Ethernity Networks ROCE % Chart

Ethernity Networks Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-32.39

-56.61

-74.51

-66.99

-80.80

Ethernity Networks Semi-Annual Data
	Dec14	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
ROCE %	Get a 7-Day Free Trial													-76.86	-49.49	-85.99	-88.15	-73.72

Ethernity Networks ROCE % Calculation

Ethernity Networks'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 )
	=	-5.577	/	( ( (11.571 - 3.939)	+	(8.873 - 2.7) )	/ 2 )
	=	-5.577	/	( (7.632	+	6.173)	/ 2 )
	=	-5.577	/	6.9025
	=	-80.80 %

Ethernity Networks'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 )
	=	-4.806	/	( ( (10.742 - 3.876)	+	(8.873 - 2.7) )	/ 2 )
	=	-4.806	/	( ( 6.866	+	6.173 )	/ 2 )
	=	-4.806	/	6.5195
	=	-73.72 %

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

Ethernity Networks (STU:82N) 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.

Ethernity Networks ROCE % Related Terms

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Ethernity Networks Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Ethernity Networks Ltd (STU:82N) » Definitions » ROCE %

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Traded in Other Exchanges

ENETF:USA ENET:UK

Address

1 Golan Street, Corner HaNegev, Beit Golan, 3rd Floor, Airport City, ISR, 7019900

Website

https://www.ethernitynet.com

Ethernity Networks Ltd technology solutions provider that develops and delivers data processing technology and solutions used in high-end Carrier Ethernet applications across the telecom, mobile, security, and data center markets. The company's only operating segment is the development and delivery of high-end network processing technology. Geographically, it derives a majority of its revenue from the United States and also has a presence in Asia, Europe, Israel, and the United States. Its product categories include ENET Network Appliances, PON Devices ACE-NIC SmartNICs, ENET Flow Processors, and FPGA Boards.

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