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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. Singing Machine Co's annualized ROCE % for the quarter that ended in Dec. 2023 was -122.09%.
The historical data trend for Singing Machine Co'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.
Singing Machine Co Annual Data | |||||||||||||||||||||
Trend | Mar14 | Mar15 | Mar16 | Mar17 | Mar18 | Mar19 | Mar20 | Mar21 | Mar22 | Mar23 | |||||||||||
ROCE % | Get a 7-Day Free Trial | 12.50 | -41.72 | 36.16 | 8.51 | -29.56 |
Singing Machine Co 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 | -68.54 | -47.60 | -96.16 | 5.17 | -122.09 |
Singing Machine Co'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 ) | |||||
= | -3.129 | / | ( ( (22.666 - 12.022) | + | (16.649 - 6.126) ) | / 2 ) | |
= | -3.129 | / | ( (10.644 | + | 10.523) | / 2 ) | |
= | -3.129 | / | 10.5835 | ||||
= | -29.56 % |
Singing Machine Co'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 ) | |||||
= | -15.276 | / | ( ( (32.583 - 19.065) | + | (27.715 - 16.209) ) | / 2 ) | |
= | -15.276 | / | ( ( 13.518 | + | 11.506 ) | / 2 ) | |
= | -15.276 | / | 12.512 | ||||
= | -122.09 % |
(1) Note: The EBIT data used here is four times the quarterly (Dec. 2023) EBIT data.
* 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.
Singing Machine Co (NAS:MICS) 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.
Thank you for viewing the detailed overview of Singing Machine Co's ROCE % provided by GuruFocus.com. Please click on the following links to see related term pages.
Jay B Foreman | director | 6301 NW 5TH WAY,, SUITE 2900, FORT LAUDERDALE FL 33309 |
Stingray Group Inc. | 10 percent owner | 730 WELLINGTON STREET, MONTREAL A8 H3C 1T4 |
Ault Milton C Iii | 10 percent owner | 11411 SOUTHERN HIGHLANDS PARKWAY, SUITE 240, LAS VEGAS NV 89141 |
Bitnile Holdings, Inc. | 10 percent owner | 11411 SOUTHERN HIGHLANDS PARKWAY, SUITE 240, LAS VEGAS NV 89141 |
Henry Carl Nisser | director | 100 PARK AVENUE, SUITE 1658A, NEW YORK NY 10017 |
James Michael Turner | director | 1800 HICKORY RIDGE DRIVE, WAXHAW NC 28173 |
Kenneth S Cragun | director | 3775 CHIPPEWA CIRCLE, CORONA CA 92881 |
Mathieu Peloquin | director | 730 WELLINGTON STREET, MONTREAL A8 H3C 1T4 |
Eric Boyko | 10 percent owner | 730 WELLINGTON STREET, MONTREAL A8 H3C 1T4 |
Bernardo Melo | officer: VP Sales | 6601 LYONS ROAD, BUILDING A 7, COCONUT CREEK FL 33073 |
Joseph Kling | director | 5846 NW 24TH AVENUE (UNIT #203), BOCA RATON FL 33496 |
Lau Sak Hong Aka Philip Lau | director | SHING DAO INDUSTRIAL BUILDING SECURITIES, 232 ABERDEEN MAIN ROAD 5TH FLO K3 00000 |
Gary Kevin Atkinson | officer: Secretary | 1266 S MILITARY TRAIL, APT 5314, DEERFIELD BEACH FL 33442 |
Carol Lau | director | THE SINGING MACHINE COMPANY INC, 6601 LYONS ROAD BUILDING A 7, COCONUT CREEK FL 33073 |
Anton Handal | officer: CEO | 425 TYRONE STREET, EL CAJON CA 92020 |
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