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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. Analog Devices's annualized ROCE % for the quarter that ended in Jul. 2024 was 4.47%.
The historical data trend for Analog Devices'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.
Analog Devices Annual Data | |||||||||||||||||||||
Trend | Oct14 | Oct15 | Oct16 | Oct17 | Oct18 | Oct19 | Oct20 | Oct21 | Oct22 | Oct23 | |||||||||||
ROCE % | Get a 7-Day Free Trial | 8.73 | 7.53 | 4.35 | 6.77 | 8.29 |
Analog Devices Quarterly Data | ||||||||||||||||||||
Oct19 | Jan20 | Apr20 | Jul20 | Oct20 | Jan21 | Apr21 | Jul21 | Oct21 | Jan22 | Apr22 | Jul22 | Oct22 | Jan23 | Apr23 | Jul23 | Oct23 | Jan24 | Apr24 | Jul24 | |
ROCE % | Get a 7-Day Free Trial | 8.09 | 5.59 | 5.19 | 3.53 | 4.47 |
Analog Devices's annualized ROCE % for the fiscal year that ended in Oct. 2023 is calculated as:
ROCE % | = | EBIT | / | ( (Capital Employed | + | Capital Employed) | / count ) |
(A: Oct. 2023 ) | (A: Oct. 2022 ) | (A: Oct. 2023 ) | |||||
= | EBIT | / | ( ( (Total Assets - Total Current Liabilities) | + | (Total Assets - Total Current Liabilities) ) | / count ) | |
(A: Oct. 2023 ) | (A: Oct. 2022 ) | (A: Oct. 2023 ) | |||||
= | 3872.644 | / | ( ( (50302.35 - 2442.655) | + | (48794.478 - 3200.971) ) | / 2 ) | |
= | 3872.644 | / | ( (47859.695 | + | 45593.507) | / 2 ) | |
= | 3872.644 | / | 46726.601 | ||||
= | 8.29 % |
Analog Devices's ROCE % of for the quarter that ended in Jul. 2024 is calculated as:
ROCE % | = | EBIT (1) | / | ( (Capital Employed | + | Capital Employed) | / count ) |
(Q: Jul. 2024 ) | (Q: Apr. 2024 ) | (Q: Jul. 2024 ) | |||||
= | EBIT | / | ( ( (Total Assets - Total Current Liabilities) | + | (Total Assets - Total Current Liabilities) ) | / count ) | |
(Q: Jul. 2024 ) | (Q: Apr. 2024 ) | (Q: Jul. 2024 ) | |||||
= | 2032.68 | / | ( ( (48861.866 - 3297.322) | + | (48618.374 - 3226.629) ) | / 2 ) | |
= | 2032.68 | / | ( ( 45564.544 | + | 45391.745 ) | / 2 ) | |
= | 2032.68 | / | 45478.1445 | ||||
= | 4.47 % |
(1) Note: The EBIT data used here is four times the quarterly (Jul. 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.
Analog Devices (NAS:ADI) 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 Analog Devices's ROCE % provided by GuruFocus.com. Please click on the following links to see related term pages.
Vincent Roche | officer: V.P., WORLDWIDE SALES | |
Edward H. Frank | director | C/O FUSION-IO, INC., 2855 E. COTTONWOOD PARKWAY, SUITE 100, SALT LAKE CITY UT 84121 |
Gregory M Bryant | officer: Executive Vice President | 2200 MISSION COLLEGE BLVD, SANTA CLARA CA 95054 |
James Champy | director | C/O PEROT SYSTEMS CORP, 2300 WEST PLANO PKWY, PLANO TX 75075 |
Michael Sondel | officer: CAO (principal acct. officer) | ONE TECHNOLOGY WAY, NORWOOD MA 02062 |
Vivek Jain | officer: SVP, Global Operations | 120 SAN GABRIEL DRIVE, SUNNYVALE CA 94086 |
James Michael Mollica | officer: Interim CFO | C/O ANALOG DEVICES, INC., ONE ANALOG WAY, WILMINGTON MA 01887 |
Prashanth Mahendra-rajah | officer: SVP, Finance & CFO | C/O WABCO HOLDINGS INC., ONE CENTENNIAL AVENUE, PISCATAWAY NJ 08855 |
Kenton J Sicchitano | director | ONE TECHNOLOGY WAY, C/O ANALOG DEVICES, INC., NORWOOD MA 02062 |
Stephen M Jennings | director | LTX CORPORATION, UNIVERSITY AVE, WESTWOOD MA 02090 |
Tunc Doluca | director | |
Ray Stata | director, officer: CHAIRMAN | |
Andre' Andonian | director | ONE ANALOG WAY, WILMINGTON MA 01887 |
Bruce R Evans | director | C/O SUMMIT PARTNERS, 222 BERKELEY STREET, 18TH FLOOR, BOSTON MA 02116 |
Mercedes Johnson | director | MICRON TECHNOLOGY, INC, 8000 S FEDERAL WAY, MS 1-557, BOISE ID 83716 |
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