MTI Wireless Edge (LSE:MWE) ROCE % : 13.69% (As of Jun. 2023)

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What is MTI Wireless Edge 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. MTI Wireless Edge's annualized ROCE % for the quarter that ended in Jun. 2023 was 13.69%.

MTI Wireless Edge ROCE % Historical Data

The historical data trend for MTI Wireless Edge'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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MTI Wireless Edge ROCE % Chart

MTI Wireless Edge Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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15.24

16.72

15.68

16.24

16.32

MTI Wireless Edge Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Dec23
ROCE %	Get a 7-Day Free Trial															19.03	12.84	15.76	13.69	-

MTI Wireless Edge ROCE % Calculation

MTI Wireless Edge'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 )
	=	4.094	/	( ( (33.215 - 8.074)	+	(35.315 - 10.299) )	/ 2 )
	=	4.094	/	( (25.141	+	25.016)	/ 2 )
	=	4.094	/	25.0785
	=	16.32 %

MTI Wireless Edge's ROCE % of for the quarter that ended in Jun. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jun. 2023 )		(Q: Mar. 2023 )		(Q: Jun. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jun. 2023 )		(Q: Mar. 2023 )		(Q: Jun. 2023 )
	=	3.356	/	( ( (33.781 - 7.92)	+	(30.521 - 7.35) )	/ 2 )
	=	3.356	/	( ( 25.861	+	23.171 )	/ 2 )
	=	3.356	/	24.516
	=	13.69 %

(1) Note: The EBIT data used here is four times the quarterly (Jun. 2023) EBIT data.

MTI Wireless Edge (LSE:MWE) 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.

MTI Wireless Edge ROCE % Related Terms

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MTI Wireless Edge (LSE:MWE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » MTI Wireless Edge Ltd (LSE:MWE) » Definitions » ROCE %

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M7O:Germany

Address

11 Hamelacha Street, Afek Industrial Park, Rosh-Ha'Ayin, ISR, 4809121

Website

https://www.mtiwirelessedge.com

MTI Wireless Edge Ltd is an Israel-based company engaged in three segments; the antennas segment includes the development, design, manufacture, and marketing of antennas for the military and civilian sectors, Water solutions segment is a provider of remote control solutions for water and irrigation applications based on Motorola's IRRInet state of the art control, monitoring and communication technologies, and Distribution and Consultation segment provides consulting representation, and marketing services to foreign companies in the field of RF (radio frequency) and Microwave, including engineering services in the field of aerostat systems and system engineering services, and development, manufacture, and integration of communication systems and monitoring and control systems.