Bel Fuse (STU:BF2A) ROCE % : 17.91% (As of Mar. 2024)

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What is Bel Fuse 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. Bel Fuse's annualized ROCE % for the quarter that ended in Mar. 2024 was 17.91%.

Bel Fuse ROCE % Historical Data

The historical data trend for Bel Fuse'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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Bel Fuse ROCE % Chart

Bel Fuse Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-0.52

4.32

8.34

15.63

19.19

Bel Fuse 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															18.06	25.77	22.57	12.23	17.91

Bel Fuse ROCE % Calculation

Bel Fuse'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 )
	=	79	/	( ( (529.08 - 128.671)	+	(524.186 - 101.428) )	/ 2 )
	=	79	/	( (400.409	+	422.758)	/ 2 )
	=	79	/	411.5835
	=	19.19 %

Bel Fuse'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 )
	=	76.492	/	( ( (524.186 - 101.428)	+	(510.91 - 79.581) )	/ 2 )
	=	76.492	/	( ( 422.758	+	431.329 )	/ 2 )
	=	76.492	/	427.0435
	=	17.91 %

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

Bel Fuse (STU:BF2A) 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.

Bel Fuse ROCE % Related Terms

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Bel Fuse (STU:BF2A) Business Description

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GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Bel Fuse Inc (STU:BF2A) » Definitions » ROCE %

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BELFB:USA BELFA:USA BF2B:Germany BF2A:Germany BF2B:Germany

Address

206 Van Vorst Street, Jersey City, NJ, USA, 07302

Website

https://www.belfuse.com

Bel Fuse Inc designs and manufactures electronic components that protect and connect electronic circuits. Its product portfolio is divided into three categories: magnetic solutions, power solutions & protection, and connectivity solutions. These products are used for the computer, networking, telecommunications, transportation and defense/aerospace, automotive, medical, and consumer electronics industries. Its geographical segments are the United States, Macao, United Kingdom, Slovakia, Germany, Switzerland, and All other foreign countries. Majority of the revenue is derived from United States.

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