Spectra Systems (LSE:SPSY) ROCE % : 33.96% (As of Jun. 2023)

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What is Spectra Systems 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. Spectra Systems's annualized ROCE % for the quarter that ended in Jun. 2023 was 33.96%.

Spectra Systems ROCE % Historical Data

The historical data trend for Spectra Systems'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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Spectra Systems ROCE % Chart

Spectra Systems Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

ROCE %

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15.57

15.51

18.00

20.09

24.14

Spectra Systems Semi-Annual Data
	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
ROCE %	Get a 7-Day Free Trial															20.80	20.90	22.98	23.96	33.96

Spectra Systems ROCE % Calculation

Spectra Systems's annualized ROCE % for the fiscal year that ended in Dec. 2022 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2022 )		(A: Dec. 2021 )		(A: Dec. 2022 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2022 )		(A: Dec. 2021 )		(A: Dec. 2022 )
	=	5.741	/	( ( (24.93 - 2.807)	+	(31.212 - 5.78) )	/ 2 )
	=	5.741	/	( (22.123	+	25.432)	/ 2 )
	=	5.741	/	23.7775
	=	24.14 %

Spectra Systems'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: Dec. 2022 )		(Q: Jun. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jun. 2023 )		(Q: Dec. 2022 )		(Q: Jun. 2023 )
	=	8.468	/	( ( (31.212 - 5.78)	+	(29.561 - 5.116) )	/ 2 )
	=	8.468	/	( ( 25.432	+	24.445 )	/ 2 )
	=	8.468	/	24.9385
	=	33.96 %

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

Spectra Systems (LSE:SPSY) 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.

Spectra Systems ROCE % Related Terms

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Spectra Systems (LSE:SPSY) Business Description

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GURUFOCUS.COM » STOCK LIST » Technology » Software » Spectra Systems Corp (LSE:SPSY) » Definitions » ROCE %

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SPSC:UK

Address

40 Westminster Street, 2nd Floor, Providence, RI, USA, 02903

Website

https://www.spsy.com

Spectra Systems Corp invents, develops, manufactures, and markets technology-based products used to authenticate and process banknotes and also offers secure software products for gaming. The company has divided its business into Authentication Systems, Banknote cleaning technology, and Secure transactions.

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