Enablence Technologies (TSXV:ENA) ROCE % : 0.00% (As of Sep. 2024)

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What is Enablence Technologies 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. Enablence Technologies's annualized ROCE % for the quarter that ended in Sep. 2024 was 0.00%.

Enablence Technologies ROCE % Historical Data

The historical data trend for Enablence Technologies'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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Enablence Technologies ROCE % Chart

Enablence Technologies Annual Data

Trend

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ROCE %

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Enablence Technologies 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															-	-	-	-	-

Enablence Technologies ROCE % Calculation

Enablence Technologies's annualized ROCE % for the fiscal year that ended in Jun. 2024 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Jun. 2024 )		(A: Jun. 2023 )		(A: Jun. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Jun. 2024 )		(A: Jun. 2023 )		(A: Jun. 2024 )
	=	-14.037	/	( ( (7.932 - 9)	+	(5.662 - 11.283) )	/ 2 )
	=	-14.037	/	( (-1.068	+	-5.621)	/ 2 )
	=	-14.037	/	-3.3445
	=	419.70 %

Enablence Technologies'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 )
	=	-14.364	/	( ( (5.662 - 11.283)	+	(7.863 - 11.142) )	/ 2 )
	=	-14.364	/	( ( -5.621	+	-3.279 )	/ 2 )
	=	-14.364	/	-4.45
	=	0 %

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

Enablence Technologies (TSXV:ENA) 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.

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Enablence Technologies Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Enablence Technologies Inc (TSXV:ENA) » Definitions » ROCE %

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Traded in Other Exchanges

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Address

390 March Road, Suite 119, Ottawa, ON, CAN, K2K 0G7

Website

https://www.enablence.com

Enablence Technologies Inc is a company operating in an integrated optical products business. The company designs manufacture and sells optical components, in the form of planar lightwave circuits on silicon-based chips. Its products are offered in telecommunications, aerospace, and bio-chemical sensing industries. Enablence products serve a world-wide customer base, focused on data centres end markets in which Enablence works with customers that have emerging market uses for its technology, including medical devices, automotive LiDAR and virtual and augmented reality headsets.

Executives

Derek James Burney	Director
Todd Haugen	Senior Officer

Enablence Technologies Headlines

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