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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. Frequency Electronics's annualized ROCE % for the quarter that ended in Jan. 2024 was 1.31%.
The historical data trend for Frequency Electronics'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.
Frequency Electronics Annual Data | |||||||||||||||||||||
Trend | Apr14 | Apr15 | Apr16 | Apr17 | Apr18 | Apr19 | Apr20 | Apr21 | Apr22 | Apr23 | |||||||||||
ROCE % | Get a 7-Day Free Trial | -3.00 | -14.71 | 0.78 | -12.19 | -9.57 |
Frequency Electronics Quarterly Data | ||||||||||||||||||||
Apr19 | Jul19 | Oct19 | Jan20 | Apr20 | Jul20 | Oct20 | Jan21 | Apr21 | Jul21 | Oct21 | Jan22 | Apr22 | Jul22 | Oct22 | Jan23 | Apr23 | Jul23 | Oct23 | Jan24 | |
ROCE % | Get a 7-Day Free Trial | -2.28 | 3.30 | 17.28 | 6.73 | 1.31 |
Frequency Electronics's annualized ROCE % for the fiscal year that ended in Apr. 2023 is calculated as:
ROCE % | = | EBIT | / | ( (Capital Employed | + | Capital Employed) | / count ) |
(A: Apr. 2023 ) | (A: Apr. 2022 ) | (A: Apr. 2023 ) | |||||
= | EBIT | / | ( ( (Total Assets - Total Current Liabilities) | + | (Total Assets - Total Current Liabilities) ) | / count ) | |
(A: Apr. 2023 ) | (A: Apr. 2022 ) | (A: Apr. 2023 ) | |||||
= | -5.271 | / | ( ( (84.76 - 21.861) | + | (74.496 - 27.281) ) | / 2 ) | |
= | -5.271 | / | ( (62.899 | + | 47.215) | / 2 ) | |
= | -5.271 | / | 55.057 | ||||
= | -9.57 % |
Frequency Electronics's ROCE % of for the quarter that ended in Jan. 2024 is calculated as:
ROCE % | = | EBIT (1) | / | ( (Capital Employed | + | Capital Employed) | / count ) |
(Q: Jan. 2024 ) | (Q: Oct. 2023 ) | (Q: Jan. 2024 ) | |||||
= | EBIT | / | ( ( (Total Assets - Total Current Liabilities) | + | (Total Assets - Total Current Liabilities) ) | / count ) | |
(Q: Jan. 2024 ) | (Q: Oct. 2023 ) | (Q: Jan. 2024 ) | |||||
= | 0.652 | / | ( ( (74.729 - 24.979) | + | (77.744 - 28.024) ) | / 2 ) | |
= | 0.652 | / | ( ( 49.75 | + | 49.72 ) | / 2 ) | |
= | 0.652 | / | 49.735 | ||||
= | 1.31 % |
(1) Note: The EBIT data used here is four times the quarterly (Jan. 2024) EBIT data.
* 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.
Frequency Electronics (NAS:FEIM) 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.
Thank you for viewing the detailed overview of Frequency Electronics's ROCE % provided by GuruFocus.com. Please click on the following links to see related term pages.
Russell M Sarachek | director | 4718 FOXHALL CRESCENTS NW, WASHINGTON DC 20007 |
Edenbrook Long Only Value Fund, Lp | director, 10 percent owner | EDENBROOK CAPITAL, LLC, 116 RADIO CIRCLE, SUITE 202, MT. KISCO NY 10549 |
Steven E Strang | officer: President, FEI-Zyfer, Inc. | C/O FREQUENCY ELECTRONICS, INC., 55 CHARLES LINDBERGH BLVD, MITCHEL FIELD NY 11553 |
Thomas Mcclelland | officer: Vice President, Comml Products | C/O FREQUENCY ELECTRONICS INC, 55 CHARLES LINDBERGH BLVD, MITCHEL FIELD NY 11553 |
Stanton D Sloane | director | COMTECH TELECOMMUNICATIONS CORP., 68 SOUTH SERVICE RD., SUITE 230, MELVILLE NY 11747 |
John Patrick Caulfield | officer: VP of Manufacturing | C/O FREQUENCY ELECTRONICS, 55 CHARLES LINDBERGH BLVD., MITCHEL FIELD NY 11533 |
Edenbrook Capital, Llc | director, 10 percent owner | 116 RADIO CIRCLE, SUITE 202, MT. KISCO NY 10549 |
Martin B Bloch | director, officer: President | FREQUENCY ELECTRONICS INC, 55 CHARLES LINDBERGH BLVD, MITCHEL FIELD NY 11553 |
Robert Schwartz | director | 11552 PROSPEROUS DRIVE, ODESSA FL 33556 |
Jonathan Brolin | director, 10 percent owner | 2 DEPOT PLAZA, 4TH FLOOR, BEDFORD HILLS NY 10507 |
Privet Fund Lp | 10 percent owner, other: See Explanation of Responses | 3280 PEACHTREE ROAD NE, SUITE 2670, Atlanta GA 30305 |
Oleandro Mancini | officer: Vice President, Bus. Develop | C/O FREQUENCY ELECTRONICS INC, 55 CHARLES LINDBERGH BLVD, MITCHEL FIELD NY 11553 |
Lance W Lord | director | 1110 TRUMPETERS COURT, MONUMENT CO 80132 |
Steven Lawrence Bernstein | officer: Chief Financial Officer | C/O FREQUENCY ELECTRONICS INC., 55 CHARLES LINDBERGH BLVD., MITCHEL FIELD NY 11553 |
Ryan Levenson | 10 percent owner, other: See Explanation of Responses | 2396 DELLWOOD DRIVE, ATLANTA GA 30305 |
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