CyanConnode Holdings (LSE:CYAN) ROCE % : -29.94% (As of Sep. 2023)

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What is CyanConnode Holdings 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. CyanConnode Holdings's annualized ROCE % for the quarter that ended in Sep. 2023 was -29.94%.

CyanConnode Holdings ROCE % Historical Data

The historical data trend for CyanConnode Holdings'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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CyanConnode Holdings ROCE % Chart

CyanConnode Holdings Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Mar20

Mar21

Mar22

Mar23

ROCE %

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-42.57

-30.19

-10.06

-23.92

CyanConnode Holdings Semi-Annual Data
	Jun13	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
ROCE %	Get a 7-Day Free Trial															-26.81	3.33	-40.85	-14.43	-29.94

CyanConnode Holdings ROCE % Calculation

CyanConnode Holdings's annualized ROCE % for the fiscal year that ended in Mar. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Mar. 2023 )		(A: Mar. 2022 )		(A: Mar. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Mar. 2023 )		(A: Mar. 2022 )		(A: Mar. 2023 )
	=	-3.312	/	( ( (16.792 - 4.452)	+	(20.446 - 5.088) )	/ 2 )
	=	-3.312	/	( (12.34	+	15.358)	/ 2 )
	=	-3.312	/	13.849
	=	-23.92 %

CyanConnode Holdings's ROCE % of for the quarter that ended in Sep. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2023 )		(Q: Mar. 2023 )		(Q: Sep. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2023 )		(Q: Mar. 2023 )		(Q: Sep. 2023 )
	=	-4.338	/	( ( (20.446 - 5.088)	+	(19.808 - 6.187) )	/ 2 )
	=	-4.338	/	( ( 15.358	+	13.621 )	/ 2 )
	=	-4.338	/	14.4895
	=	-29.94 %

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

CyanConnode Holdings (LSE:CYAN) 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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CyanConnode Holdings (LSE:CYAN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » CyanConnode Holdings PLC (LSE:CYAN) » Definitions » ROCE %

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N/A

Address

Milton Road, Merlin Place, Cambridge, GBR, CB4 0DP

Website

https://www.cyanconnode.com

CyanConnode Holdings PLC designs and develops wireless monitoring and control products for smart metering, lighting, and the Internet of Things applications. The company provides customers with long-range, low-power, end-to-end networking solutions and high-performance applications that help them enhance service delivery, improve business efficiency, and save energy. The company offers a range of solutions including Narrowband RF mesh, Ultimesh, Panmesh, and Omnimesh. The company has operations in Europe, Asia, and Rest of World.