Knowles (Knowles) ROCE % : 5.19% (As of Dec. 2023)

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What is Knowles 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. Knowles's annualized ROCE % for the quarter that ended in Dec. 2023 was 5.19%.

Knowles ROCE % Historical Data

The historical data trend for Knowles'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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Knowles ROCE % Chart

Knowles Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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5.61

1.99

8.14

-31.24

4.40

Knowles Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial															-69.25	-1.23	6.81	8.25	5.19

Knowles ROCE % Calculation

Knowles'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 )
	=	52.4	/	( ( (1183.9 - 99.1)	+	(1462.8 - 164.6) )	/ 2 )
	=	52.4	/	( (1084.8	+	1298.2)	/ 2 )
	=	52.4	/	1191.5
	=	4.40 %

Knowles's ROCE % of for the quarter that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	61.6	/	( ( (1182.2 - 107)	+	(1462.8 - 164.6) )	/ 2 )
	=	61.6	/	( ( 1075.2	+	1298.2 )	/ 2 )
	=	61.6	/	1186.7
	=	5.19 %

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

Knowles (NYSE:KN) 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.

Knowles ROCE % Related Terms

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Knowles (Knowles) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Knowles Corp (NYSE:KN) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

1K3:Germany

Address

1151 Maplewood Drive, Itasca, IL, USA, 60143

Website

https://www.knowles.com

Knowles Corp is engaged in the manufacturing of micro-acoustic microphones and balanced armature speakers, audio solutions, high-performance capacitors, and radio frequency filtering products. It operates in three segments; the Precision Devices segment specializes in the design and delivery of high-performance capacitor products and RF solutions, Medtech & Specialty Audio segment designs and manufactures microphones and balanced armature speakers used in applications and the Consumer MEMS Microphones segment designs and manufactures micro-electro-mechanical systems microphones and audio solutions used in applications. The majority of its revenue comes from the Consumer MEMS Microphones segment.

Executives

Raymond D. Cabrera	officer: Senior VP, HR & CAO	KNOWLES CORPORATION, 1151 MAPLEWOOD DRIVE, ITASCA IL 60143
Erania Brackett	director	C/O DENTSPLY SIRONA INC, 13320 BALLANTYNE CORPORATE PLACE, CHARLOTTE NC 28277
Daniel J Crowley	director	870 WINTER STREET, WALTHAM MA 02451
Jeffrey Niew	director, officer: President & CEO	KNOWLES CORPORATION, 1151 MAPLEWOOD DRIVE, ITASCA IL 60143
Cheryl L Shavers	director	400 COLLINS ROAD NE, M/S 124-323, CEDAR RAPIDS IA 52498
John S. Anderson	officer: Senior VP & CFO	KNOWLES CORPORATION, 1151 MAPLEWOOD DRIVE, ITASCA IL 60143
Daniel J. Giesecke	officer: Senior VP & COO	KNOWLES CORPORATION, 1151 MAPLEWOOD DRIVE, ITASCA IL 60143
Bastarrica Air A. Jr.	officer: Vice President & Controller	1151 MAPLEWOOD DR, ITASCA IL 60143-2071
Donald Macleod	director
Michael S Wishart	director	SPANSION INC., 915 DEGUIGNE DRIVE, SUNNYVALE CA 94085-3836
Ronald Steven Jankov	director	3875 FREEDOM CIRCLE, SUITE 900, SANTA CLARA CA 95054
Didier Hirsch	director	5301 STEVENS CREEK BOULEVARD, SANTA CLARA CA 95051
Christian Scherp	officer: Co-President, MCE	KNOWLES CORPORATION, 1151 MAPLEWOOD DRIVE, ITASCA IL 60143
Ye Jane Li	director	200 FLYNN ROAD, CAMARILLO CA 93012-8790
Michael S. Polacek	officer: President, Intelligent Audio	KNOWLES CORPORATION, 1151 MAPLEWOOD DRIVE, ITASCA IL 60143