Smith Micro Software (STU:SS9) ROCE % : -29.86% (As of Dec. 2023)

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What is Smith Micro Software 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. Smith Micro Software's annualized ROCE % for the quarter that ended in Dec. 2023 was -29.86%.

Smith Micro Software ROCE % Historical Data

The historical data trend for Smith Micro Software'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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Smith Micro Software ROCE % Chart

Smith Micro Software Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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26.82

5.62

-21.90

-29.07

-21.91

Smith Micro Software Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial															-25.94	-34.30	-18.48	-18.73	-29.86

Smith Micro Software ROCE % Calculation

Smith Micro Software'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 )
	=	-16.4	/	( ( (97.78 - 19.57)	+	(78.474 - 7.008) )	/ 2 )
	=	-16.4	/	( (78.21	+	71.466)	/ 2 )
	=	-16.4	/	74.838
	=	-21.91 %

Smith Micro Software'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: Sep. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	-21.88	/	( ( (86.497 - 11.412)	+	(78.474 - 7.008) )	/ 2 )
	=	-21.88	/	( ( 75.085	+	71.466 )	/ 2 )
	=	-21.88	/	73.2755
	=	-29.86 %

(1) Note: The EBIT data used here is four times the quarterly (Dec. 2023) EBIT data.

Smith Micro Software (STU:SS9) 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.

Smith Micro Software ROCE % Related Terms

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Smith Micro Software (STU:SS9) Business Description

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GURUFOCUS.COM » STOCK LIST » Technology » Software » Smith Micro Software Inc (STU:SS9) » Definitions » ROCE %

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SMSI:USA

Address

5800 Corporate Drive, Pittsburgh, PA, USA, 15237

Website

https://www.smithmicro.com

Smith Micro Software Inc is a provider of software solutions. It develops and markets wireless solutions for wireless service providers, mobile device and chipset manufacturers, and enterprise businesses. It offers multi-platform, modular solutions such as SafePath; CommSuite; and ViewSpot. The company's only reportable segment is Wireless. Its Wireless segment sells primarily to large wireless carriers, cable operators, and OEMs.

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