eMagin (STU:EMGA) ROCE % : -66.51% (As of Jun. 2023)

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What is eMagin 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. eMagin's annualized ROCE % for the quarter that ended in Jun. 2023 was -66.51%.

eMagin ROCE % Historical Data

The historical data trend for eMagin'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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eMagin ROCE % Chart

eMagin Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

ROCE %

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-67.08

-29.06

-40.31

-11.86

-0.26

eMagin Quarterly Data
	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23
ROCE %	Get a 7-Day Free Trial															-10.07	-0.68	7.02	-14.40	-66.51

eMagin ROCE % Calculation

eMagin'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 )
	=	-0.132	/	( ( (45.461 - 7.909)	+	(69.013 - 6.571) )	/ 2 )
	=	-0.132	/	( (37.552	+	62.442)	/ 2 )
	=	-0.132	/	49.997
	=	-0.26 %

eMagin'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: Mar. 2023 )		(Q: Jun. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jun. 2023 )		(Q: Mar. 2023 )		(Q: Jun. 2023 )
	=	-40.3	/	( ( (68.235 - 5.385)	+	(67.547 - 9.221) )	/ 2 )
	=	-40.3	/	( ( 62.85	+	58.326 )	/ 2 )
	=	-40.3	/	60.588
	=	-66.51 %

(1) Note: The EBIT data used here is four times the quarterly (Jun. 2023) EBIT data.

eMagin (STU:EMGA) 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.

eMagin ROCE % Related Terms

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eMagin Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » eMagin Corp (STU:EMGA) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

700 South Drive, Suite 201, Hopewell Junction, NY, USA, 12533

Website

https://www.emagin.com

eMagin Corp designs, develop, manufactures, and markets organic light-emitting diode, or OLED miniature displays, OLED-on-silicon microdisplays, virtual imaging products that utilize OLED micro displays, and related products. The company's OLED displays are used in a variety of products, including military aviation helmets, military weapons sights and targeting systems, night vision & thermal imaging devices, training and simulation, visualization for ocular surgery, mobile ultrasound, and augmented reality applications.

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