Wolfspeed (Wolfspeed) ROCE % : -3.74% (As of Dec. 2023)

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What is Wolfspeed 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. Wolfspeed's annualized ROCE % for the quarter that ended in Dec. 2023 was -3.74%.

Wolfspeed ROCE % Historical Data

The historical data trend for Wolfspeed'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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Wolfspeed ROCE % Chart

Wolfspeed Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

ROCE %

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-3.92

-6.22

-9.93

-8.00

-6.03

Wolfspeed 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															-6.14	-6.98	-7.19	-3.94	-3.74

Wolfspeed ROCE % Calculation

Wolfspeed's annualized ROCE % for the fiscal year that ended in Jun. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Jun. 2023 )		(A: Jun. 2022 )		(A: Jun. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Jun. 2023 )		(A: Jun. 2022 )		(A: Jun. 2023 )
	=	-285.9	/	( ( (3917.5 - 388.5)	+	(6586.7 - 627.9) )	/ 2 )
	=	-285.9	/	( (3529	+	5958.8)	/ 2 )
	=	-285.9	/	4743.9
	=	-6.03 %

Wolfspeed'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 )
	=	-246.4	/	( ( (7312.8 - 749.3)	+	(7290.2 - 671.2) )	/ 2 )
	=	-246.4	/	( ( 6563.5	+	6619 )	/ 2 )
	=	-246.4	/	6591.25
	=	-3.74 %

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

Wolfspeed (NYSE:WOLF) 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.

Wolfspeed ROCE % Related Terms

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Wolfspeed (Wolfspeed) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Wolfspeed Inc (NYSE:WOLF) » Definitions » ROCE %

Comparable Companies

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CR6A:Germany

Address

4600 Silicon Drive, Durham, NC, USA, 27703

Website

https://www.wolfspeed.com

Wolfspeed Inc is involved in the manufacturing of wide bandgap semiconductors. It is focused on silicon carbide and gallium nitride materials and devices for power and radio-frequency (RF) applications. The company serves applications such as transportation, power supplies, inverters, and wireless systems. Geographically, it derives a majority of revenue from Europe and also has a presence in the United States; China; Japan; South Korea, and other countries.

Executives

Neill Reynolds	officer: Executive Vice President & CFO	4600 SILICON DR, DURHAM NC 27703
Le Duy Loan T	director	C/O NATIONAL INSTRUMENTS, 11500 MOPAC BLDG B, AUSTIN TX 78759
Gregg A Lowe	director, officer: PRESIDENT, CEO AND DIRECTOR	400 W CESAR CHAVEZ STREET, AUSTIN TX 78701
John B Replogle	director	C/O SEALY CORPORATION, ONE OFFICE PARKWAY, TRINITY NC 27370
Stacy J Smith	director	2200 MISSION COLLEGE BLVD., RNB-4-151, SANTA CLARA CA 95054
Glenda Dorchak	director	C/O MELLANOX TECHNOLOGIES, INC., 350 OAKMEAD PARKWAY, SUITE 100, SUNNYVALE CA 94085
Clyde Hosein	director	C/O INTEGRATED DEVICE TECHNOLOGY, INC., 6024 SILVER CREEK VALLEY ROAD, SAN JOSE CA 95138
Marvin Riley	director	5605 CARNEGIE BLVD., STE. 500, CHARLOTTE NC 28209
Thomas H Werner	director	3939 NORTH FIRST STREET, SAN JOSE CA 95134
Anne Clem Whitaker	director	109 BRIERY BRANCH COURT, MORRISVILLE NC 27560
John C Hodge	director	C/O SILICON IMAGE, INC., 1060 E. ARQUES AVE., SUNNYVALE CA 94085
David Todd Emerson	officer: EVP, GM LED	4600 SILICON DRIVE, DURHAM NC 27703
Michael E Mcdevitt	officer: INTER. CHIEF FINANCIAL OFFICER	713 WALCOTT WAY, CARY NC 27519
Daniel J Castillo	officer: EVP Cree & President-Lighting	2645 SILVER CRESCENT DRIVE, CHARLOTTE NC 28273
Darren R Jackson	director	C/O BEST BUY INC, 7075 FLYING CLOUD DR, EDEN PRAIRIE MN 55344