Silynxcom (Silynxcom) ROCE % : -54.10% (As of Dec. 2023)

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What is Silynxcom 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. Silynxcom's annualized ROCE % for the quarter that ended in Dec. 2023 was -54.10%.

Silynxcom ROCE % Historical Data

The historical data trend for Silynxcom'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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Silynxcom ROCE % Chart

Silynxcom Annual Data

Trend

Dec21

Dec22

Dec23

ROCE %

564.78

-169.05

Silynxcom Semi-Annual Data
	Dec21	Jun22	Dec22	Jun23	Dec23
ROCE %	-	-	153.35	-377.12	-54.10

Silynxcom ROCE % Calculation

Silynxcom'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 )
	=	-2.797	/	( ( (5.807 - 4.808)	+	(6.166 - 3.856) )	/ 2 )
	=	-2.797	/	( (0.999	+	2.31)	/ 2 )
	=	-2.797	/	1.6545
	=	-169.05 %

Silynxcom'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 )
	=	-1.012	/	( ( (4.541 - 3.11)	+	(6.166 - 3.856) )	/ 2 )
	=	-1.012	/	( ( 1.431	+	2.31 )	/ 2 )
	=	-1.012	/	1.8705
	=	-54.10 %

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

Silynxcom (AMEX:SYNX) 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.

Silynxcom ROCE % Related Terms

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Silynxcom (Silynxcom) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Silynxcom Ltd (AMEX:SYNX) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

19 Yad Ha’Harutzim Street, Netanya, ISR, 4250519

Website

https://www.silynxcom.com

Silynxcom Ltd is engaged in developing, manufacturing, marketing and selling ruggedized Personal Headset Devices as well as other communications accessories, all of which have been battlefield-tested and combat-proven. It specializes in developing the In-Ear Headset device, a subsegment of the Personal Headset Device market. The In-Ear Headset device is used in both in training and operations by the military, law enforcement, and disaster recovery industry professionals. It also develops, market and sell push-to-talk devices, communication controllers, and communication device cables and connectors.

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