Universal Electronics (STU:UE1) ROCE % : -12.36% (As of Mar. 2024)

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What is Universal Electronics 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. Universal Electronics's annualized ROCE % for the quarter that ended in Mar. 2024 was -12.36%.

Universal Electronics ROCE % Historical Data

The historical data trend for Universal Electronics'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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Universal Electronics ROCE % Chart

Universal Electronics Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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5.40

11.35

7.74

5.17

-13.12

Universal Electronics 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															-16.08	-16.25	-20.16	-4.63	-12.36

Universal Electronics ROCE % Calculation

Universal Electronics'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 )
	=	-29.537	/	( ( (475.93 - 204.351)	+	(326.335 - 147.773) )	/ 2 )
	=	-29.537	/	( (271.579	+	178.562)	/ 2 )
	=	-29.537	/	225.0705
	=	-13.12 %

Universal Electronics'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 )
	=	-21.504	/	( ( (326.335 - 147.773)	+	(297.106 - 127.573) )	/ 2 )
	=	-21.504	/	( ( 178.562	+	169.533 )	/ 2 )
	=	-21.504	/	174.0475
	=	-12.36 %

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

Universal Electronics (STU:UE1) 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.

Universal Electronics ROCE % Related Terms

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Universal Electronics (STU:UE1) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Universal Electronics Inc (STU:UE1) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

UEIC:USA UE1:Germany

Address

15147 N. Scottsdale Road, Suite H300, Scottsdale, AZ, USA, 85254-2494

Website

https://www.uei.com

Universal Electronics Inc is a United States-based company that is principally engaged in developing and manufacturing a series of electronic products, including wireless control products, audio-video accessories, intelligent wireless automation components, and software. The company focuses on the subscription broadcast, consumer electronics and residential security markets, with customers consisting of subscription broadcasters, original equipment manufacturer, private-label brands, retailers, pro-security dealers, and companies in the computing industry. The company has a global presence and generates most of its total revenue from the United States.

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