FormFactor (FRA:FMF) ROCE % : 0.42% (As of Mar. 2024)

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What is FormFactor 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. FormFactor's annualized ROCE % for the quarter that ended in Mar. 2024 was 0.42%.

FormFactor ROCE % Historical Data

The historical data trend for FormFactor'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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FormFactor ROCE % Chart

FormFactor Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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8.06

10.90

12.21

6.98

9.65

FormFactor Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial															0.04	-0.58	1.21	36.66	0.42

FormFactor ROCE % Calculation

FormFactor'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 )
	=	82.244	/	( ( (951.767 - 141.286)	+	(1014.93 - 120.214) )	/ 2 )
	=	82.244	/	( (810.481	+	894.716)	/ 2 )
	=	82.244	/	852.5985
	=	9.65 %

FormFactor's ROCE % of for the quarter that ended in Mar. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	3.796	/	( ( (1014.93 - 120.214)	+	(1030.214 - 120.113) )	/ 2 )
	=	3.796	/	( ( 894.716	+	910.101 )	/ 2 )
	=	3.796	/	902.4085
	=	0.42 %

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

FormFactor (FRA:FMF) 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.

FormFactor ROCE % Related Terms

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FormFactor (FRA:FMF) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » FormFactor Inc (FRA:FMF) » Definitions » ROCE %

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FORM:USA

Address

7005 Southfront Road, Livermore, CA, USA, 94551

Website

https://www.formfactor.com

FormFactor Inc designs, develops, manufactures, sells, and supports semiconductor probe card products. The company operates in two reportable segments namely Probe Cards Segment and the Systems Segment. Sales of probe cards and analytical probes are included in the Probe Cards Segment, while sales of probe stations and thermal sub-systems are included in the Systems Segment. Probe cards generate the maximum revenue from its operations. It offers multiple product lines which include analytical probes, probe stations, thermal sub-systems, and related services.