Indie Semiconductor (STU:48H) ROCE % : -20.14% (As of Mar. 2024)

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What is Indie Semiconductor 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. Indie Semiconductor's annualized ROCE % for the quarter that ended in Mar. 2024 was -20.14%.

Indie Semiconductor ROCE % Historical Data

The historical data trend for Indie Semiconductor'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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Indie Semiconductor ROCE % Chart

Indie Semiconductor Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

ROCE %

-66.37

-11.09

-20.35

Indie Semiconductor Quarterly Data
	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial											-54.77	-6.50	-9.59	-8.54	-20.14

Indie Semiconductor ROCE % Calculation

Indie Semiconductor'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 )
	=	-115.277	/	( ( (569.563 - 60.381)	+	(750.909 - 127.348) )	/ 2 )
	=	-115.277	/	( (509.182	+	623.561)	/ 2 )
	=	-115.277	/	566.3715
	=	-20.35 %

Indie Semiconductor'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 )
	=	-123.192	/	( ( (750.909 - 127.348)	+	(739.356 - 139.533) )	/ 2 )
	=	-123.192	/	( ( 623.561	+	599.823 )	/ 2 )
	=	-123.192	/	611.692
	=	-20.14 %

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

Indie Semiconductor (STU:48H) 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.

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Indie Semiconductor (STU:48H) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Indie Semiconductor Inc (STU:48H) » Definitions » ROCE %

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Traded in Other Exchanges

INDI:USA 48H:Germany

Address

32 Journey, Aliso Viejo, CA, USA, 92656

Website

https://www.indiesemi.com

Indie Semiconductor Inc is empowering the Autotech revolution with next-generation automotive semiconductors and software platforms. It focuses on edge sensors for Advanced Driver Assistance Systems including LiDAR, connected car, user experience, and electrification applications. These technologies represent the core underpinnings of both electric and autonomous vehicles, while the advanced user interfaces transform the in-cabin experience to mirror and seamlessly connect to the mobile platforms.

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