Adeia (ADEA) ROCE % : 8.35% (As of Mar. 2024)

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What is Adeia 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. Adeia's annualized ROCE % for the quarter that ended in Mar. 2024 was 8.35%.

Adeia ROCE % Historical Data

The historical data trend for Adeia'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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Adeia ROCE % Chart

Adeia Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-5.47

15.09

4.70

9.33

13.93

Adeia Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial															21.63	7.40	16.01	9.72	8.35

Adeia ROCE % Calculation

Adeia'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 )
	=	142.55	/	( ( (1210.526 - 166.712)	+	(1105.556 - 102.038) )	/ 2 )
	=	142.55	/	( (1043.814	+	1003.518)	/ 2 )
	=	142.55	/	1023.666
	=	13.93 %

Adeia's ROCE % of for the quarter that ended in Mar. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	83.056	/	( ( (1105.556 - 102.038)	+	(1079.34 - 92.604) )	/ 2 )
	=	83.056	/	( ( 1003.518	+	986.736 )	/ 2 )
	=	83.056	/	995.127
	=	8.35 %

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

Adeia (NAS:ADEA) 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.

Adeia ROCE % Related Terms

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Adeia (ADEA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Adeia Inc (NAS:ADEA) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

8OZ:Germany

Address

3025 Orchard Parkway, San Jose, CA, USA, 95134

Website

https://www.adeia.com

Adeia Inc is a consumer and entertainment product/solutions licensing company. Its only operating segment being Intellectual Property Licensing (IP). In the IP segment, it primarily license innovations to leading companies in the broader entertainment industry, and those developing new technologies that will help drive this industry forward. It includes Pay-TV, Consumer Electronics, Connected Car, and Media Platform.

Executives

Mark Kokes	officer: Chief Licensing Officer, Media	C/O XPERI HOLDING CORPORATION, 3025 ORCHARD PARKWAY, SAN JOSE CA 95134
Phyllis Turner-brim	director	C/O ADEIA INC., 3025 ORCHARD PARKWAY, SAN JOSE CA 95134
Kevin Tanji	officer: Chief Legal Officer	C/O XPERI HOLDING CORPORATION, 3025 ORCHARD PARKWAY, SAN JOSE CA 95134
Dana Escobar	officer: Chief Licensing Officer, Semi	C/O XPERI HOLDING CORPORATION, 3025 ORCHARD PARKWAY, SAN JOSE CA 95134
Adam Rymer	director	C/O ADEIA INC., 3025 ORCHARD PARKWAY, SAN JOSE CA 95134
Keith A Jones	officer: Chief Financial Officer	4453 N FIRST ST, STE 100, SAN JOSE CA 95134
V Sue Molina	director	C/O DTS, INC., 5220 LAS VIRGENES ROAD, CALABASAS CA 91302
Laura Durr	director	C/O XPERI HOLDING CORPORATION, 3025 ORCHARD PARKWAY, SAN JOSE CA 95134
Raghavendra Rau	director	C/O XPERI HOLDING CORPORATION, 3025 ORCHARD PARKWAY, SAN JOSE CA 95134
Darcy Antonellis	director	3900 DALLAS PKWY, SUITE 500, PLANO TX 75093
Christopher A Seams	director	C/O XPERI HOLDING CORPORATION, 3025 ORCHARD PARKWAY, SAN JOSE CA 95134
David C Habiger	director	C/O XPERI HOLDING CORPORATION, 3025 ORCHARD PARKWAY, SAN JOSE CA 95134
Daniel M Moloney	director	C/O XPERI HOLDING CORPORATION, 3025 ORCHARD PARKWAY, SAN JOSE X1 95134
Mayes Tonia Oconnor	director	C/O XPERI HOLDING CORPORATION, 3025 ORCHARD PARKWAY, SAN JOSE CA 95134
Geir Skaaden	officer: Chief Products & Services Ofc	C/O XPERI HOLDING CORPORATION, 3025 ORCHARD PARKWAY, SAN JOSE CA 95134