Windar Photonics (LSE:WPHO) ROCE % : -39.71% (As of Jun. 2023)

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What is Windar Photonics 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. Windar Photonics's annualized ROCE % for the quarter that ended in Jun. 2023 was -39.71%.

Windar Photonics ROCE % Historical Data

The historical data trend for Windar Photonics'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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Windar Photonics ROCE % Chart

Windar Photonics Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

ROCE %

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-23.51

-123.35

-92.83

-77.22

-77.02

Windar Photonics Semi-Annual Data
	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
ROCE %	Get a 7-Day Free Trial															-104.57	-64.35	-562.04	-60.79	-39.71

Windar Photonics ROCE % Calculation

Windar Photonics's annualized ROCE % for the fiscal year that ended in Dec. 2022 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2022 )		(A: Dec. 2021 )		(A: Dec. 2022 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2022 )		(A: Dec. 2021 )		(A: Dec. 2022 )
	=	-0.997	/	( ( (2.897 - 2.232)	+	(3.731 - 1.807) )	/ 2 )
	=	-0.997	/	( (0.665	+	1.924)	/ 2 )
	=	-0.997	/	1.2945
	=	-77.02 %

Windar Photonics's ROCE % of for the quarter that ended in Jun. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jun. 2023 )		(Q: Dec. 2022 )		(Q: Jun. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jun. 2023 )		(Q: Dec. 2022 )		(Q: Jun. 2023 )
	=	-0.686	/	( ( (3.731 - 1.807)	+	(3.251 - 1.72) )	/ 2 )
	=	-0.686	/	( ( 1.924	+	1.531 )	/ 2 )
	=	-0.686	/	1.7275
	=	-39.71 %

(1) Note: The EBIT data used here is two times the semi-annual (Jun. 2023) EBIT data.

Windar Photonics (LSE:WPHO) 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.

Windar Photonics ROCE % Related Terms

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Windar Photonics (LSE:WPHO) Business Description

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GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Windar Photonics PLC (LSE:WPHO) » Definitions » ROCE %

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7WP:Germany

Address

3 More London Riverside, London, GBR, SE1 2AQ

Website

https://www.windarphotonics.com

Windar Photonics PLC is a technology group. The company develops and sells cost-efficient light detection and ranging sensors and associated products for use on electricity-generating wind turbines. The company's key products are the WindEye and WindVision Sensors. It currently operates in four geographical markets: Europe, America, China, and Asia. It generates the majority of its revenue fro China.

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