Judges Scientific (FRA:IUF) ROCE % : 25.43% (As of Dec. 2023)

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What is Judges Scientific 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. Judges Scientific's annualized ROCE % for the quarter that ended in Dec. 2023 was 25.43%.

Judges Scientific ROCE % Historical Data

The historical data trend for Judges Scientific'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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Judges Scientific ROCE % Chart

Judges Scientific Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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31.17

18.44

26.36

22.89

15.78

Judges Scientific Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
ROCE %	Get a 7-Day Free Trial															27.87	10.96	26.88	2.89	25.43

Judges Scientific ROCE % Calculation

Judges Scientific'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 )
	=	24.144	/	( ( (216.166 - 82.557)	+	(212.999 - 40.627) )	/ 2 )
	=	24.144	/	( (133.609	+	172.372)	/ 2 )
	=	24.144	/	152.9905
	=	15.78 %

Judges Scientific'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 )
	=	43.876	/	( ( (217.931 - 45.218)	+	(212.999 - 40.627) )	/ 2 )
	=	43.876	/	( ( 172.713	+	172.372 )	/ 2 )
	=	43.876	/	172.5425
	=	25.43 %

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

Judges Scientific (FRA:IUF) 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.

Judges Scientific ROCE % Related Terms

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Judges Scientific (FRA:IUF) Business Description

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GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Judges Scientific PLC (FRA:IUF) » Definitions » ROCE %

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JDG:UK IUF:Germany

Address

52c Borough High Street, London, GBR, SE1 1XN

Website

https://www.judges.uk.com

Judges Scientific PLC is engaged in the designing, manufacturing, and sale of scientific instruments. The company operates two main operating segments: Materials Sciences and Vacuum. The firm specializes in the acquisition and development of a portfolio of scientific instrument businesses. The company has operational footprints across the United Kingdom, the Rest of Europe, North America, and the Rest of the world.

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