Analog Devices (FRA:ANL) ROCE % : 5.11% (As of Jan. 2024)

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What is Analog Devices 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. Analog Devices's annualized ROCE % for the quarter that ended in Jan. 2024 was 5.11%.

Analog Devices ROCE % Historical Data

The historical data trend for Analog Devices'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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Analog Devices ROCE % Chart

Analog Devices Annual Data

Trend

Oct14

Oct15

Oct16

Oct17

Oct18

Oct19

Oct20

Oct21

Oct22

Oct23

ROCE %

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8.90

7.30

4.36

7.34

7.99

Analog Devices 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															9.06	9.64	8.05	5.72	5.11

Analog Devices ROCE % Calculation

Analog Devices's annualized ROCE % for the fiscal year that ended in Oct. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Oct. 2023 )		(A: Oct. 2022 )		(A: Oct. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Oct. 2023 )		(A: Oct. 2022 )		(A: Oct. 2023 )
	=	3667.394	/	( ( (51056.885 - 2479.295)	+	(46208.371 - 3031.32) )	/ 2 )
	=	3667.394	/	( (48577.59	+	43177.051)	/ 2 )
	=	3667.394	/	45877.3205
	=	7.99 %

Analog Devices'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 )
	=	2168.532	/	( ( (46208.371 - 3031.32)	+	(44420.61 - 2683.65) )	/ 2 )
	=	2168.532	/	( ( 43177.051	+	41736.96 )	/ 2 )
	=	2168.532	/	42457.0055
	=	5.11 %

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

Analog Devices (FRA:ANL) 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.

Analog Devices ROCE % Related Terms

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Analog Devices (FRA:ANL) Business Description

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GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Analog Devices Inc (FRA:ANL) » Definitions » ROCE %

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ADI:USA A1DI34:Brazil ADI:Argentina

Address

One Analog Way, Wilmington, MA, USA, 01887

Website

https://www.analog.com

Analog Devices is a leading analog, mixed signal, and digital signal processing chipmaker. The firm has a significant market share lead in converter chips, which are used to translate analog signals to digital and vice versa. The company serves tens of thousands of customers, and more than half of its chip sales are made to industrial and automotive end markets. Analog Devices' chips are also incorporated into wireless infrastructure equipment.

Analog Devices (FRA:ANL) Headlines

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