There Are Reasons To Feel Uneasy About Intel's (NASDAQ:INTC) Returns On Capital
Return on Capital Employed = Earnings Before Interest and Tax (EBIT) ÷ (Total Assets - Current Liabilities) 0.0029 = US$509m ÷ (US$206b - US$32b) (Based on the trailing twelve months to June 2024). Thus, Intel has an ROCE of 0.3%. Ultimately, that's a low return and it under-performs the Semiconductor industry average of 9.0%.