Sigmatron International (FRA:SG3) ROCE % : 8.16% (As of Jan. 2024)

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What is Sigmatron International 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. Sigmatron International's annualized ROCE % for the quarter that ended in Jan. 2024 was 8.16%.

Sigmatron International ROCE % Historical Data

The historical data trend for Sigmatron International'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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Sigmatron International ROCE % Chart

Sigmatron International Annual Data

Trend

Apr14

Apr15

Apr16

Apr17

Apr18

Apr19

Apr20

Apr21

Apr22

Apr23

ROCE %

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3.29

2.81

2.93

19.16

18.28

Sigmatron International 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															14.75	34.08	9.68	9.26	8.16

Sigmatron International ROCE % Calculation

Sigmatron International'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 )
	=	23.338	/	( ( (271.902 - 122.696)	+	(244.988 - 138.906) )	/ 2 )
	=	23.338	/	( (149.206	+	106.082)	/ 2 )
	=	23.338	/	127.644
	=	18.28 %

Sigmatron International'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 )
	=	11.92	/	( ( (233.506 - 86.62)	+	(223.571 - 78.202) )	/ 2 )
	=	11.92	/	( ( 146.886	+	145.369 )	/ 2 )
	=	11.92	/	146.1275
	=	8.16 %

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

Sigmatron International (FRA:SG3) 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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Sigmatron International (FRA:SG3) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Sigmatron International Inc (FRA:SG3) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

SGMA:USA

Address

2201 Landmeier Road, Elk Grove Village, IL, USA, 60007

Website

https://www.sigmatronintl.com

Sigmatron International Inc is an independent provider of electronic manufacturing services (EMS). It provides printed circuit board assemblies and completely assembled electronic products. In addition, it also provides automatic and manual assembly and testing of products; material sourcing and procurement; manufacturing and test engineering support; warehousing and distribution services. The company primarily serves the industrial electronics, consumer electronics, and medical sciences industries. It has two reportable segments as an independent provider of electronic manufacturing services ("EMS") and as a provider of products to pet technology ("Pet Tech"). Geographically, it derives a majority of its revenue from Mexico and also has a presence in China and Vietnam.

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