Fiscal 2014
MSC Investoren GmbH, in October 2013 in the EM
EMEA region
Seamless Technologies, Inc., in July 2013 in the TS
Americas region
Nisko Semiconductors Ltd., in July 2013 in the EM
EMEA region
Fiscal 2013
RTI Holdings, in April 2013 in the EM Asia Region
Divestiture
in March 2013 of a small business in the EM Americas region
TSSLink,
Inc., in January 2013 in the TS Americas region
Universal
Semiconductor, Inc., in January 2013 in the EM Americas region
Genilogix,
in November 2012 in the TS Americas region
Divestiture in December
2012 of a small business in the TS Asia region
Brightstar Partners,
Inc., in November 2012 in the TS Americas region
Magirus AG, in
October 2012 in the TS EMEA region
Tekdata Interconnections,
Limited, in October 2012 in the EM EMEA region
Internix, Inc., in
August 2012 in the EM Asia region
C.R.G. Electronics, Ltd., in
August 2012 in the EM EMEA region
Pepperweed Consulting, in August
2012 in the TS Americas region
ROWC, ROCE and WC Velocity
The following table presents the calculation for ROWC, ROCE and WC velocity.
| Q2 FY14 | Q2 FY13 | ||||||||||||
| Sales | $ | 7,421,854 | $ | 6,699,465 | |||||||||
| Sales, annualized | (a) | $ | 29,687,416 | $ | 26,797,859 | ||||||||
| Adjusted operating income (1) | $ | 263,208 | $ | 228,489 | |||||||||
| Adjusted annualized operating income | (b) | $ | 1,052,832 | $ | 913,956 | ||||||||
| Adjusted effective tax rate (2) | 28.2 | % | 27.5 | % | |||||||||
| Adjusted annualized operating income, after tax | (c) | $ | 756,355 | $ | 662,801 | ||||||||
| Average monthly working capital | |||||||||||||
| Accounts receivable | $ | 5,036,079 | $ | 4,662,211 | |||||||||
| Inventory | $ | 2,632,361 | $ | 2,362,990 | |||||||||
| Accounts payable | $ | (3,289,709 | ) | $ | (3,037,915 | ) | |||||||
| Average working capital | (d) | $ | 4,378,731 | $ | 3,987,286 | ||||||||
| Average monthly total capital | (e) | $ | 5,912,624 | $ | 5,405,464 | ||||||||
| ROWC = (b) / (d) | 24.0 | % | 22.9 | % | |||||||||
| WC Velocity = (a) / (d) | 6.8 | 6.7 | |||||||||||
| ROCE = (c) / (e) | 12.8 | % | 12.3 | % | |||||||||
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(1) See reconciliation to GAAP amounts in the preceding tables in this Non-GAAP Financial |
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Information section. |
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(2) Adjusted effective tax rate for each quarterly period in a fiscal year is based upon the currently |
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anticipated annual effective tax rate, excluding the tax effect of the items described above in the |
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reconciliation to GAAP amounts in this Non-GAAP Financial Information Section. |
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