Market Cap : 235.3 M | Enterprise Value : 240.61 M | PE Ratio : At Loss | PB Ratio : 0.63 |
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ROIC % measures how well a company generates cash flow relative to the capital it has invested in its business. It is also called ROC %. VOXX International's annualized return on invested capital (ROIC %) for the quarter that ended in May. 2022 was -6.14%.
As of today (2022-08-15), VOXX International's WACC % is 10.36%. VOXX International's ROIC % is 1.24% (calculated using TTM income statement data). VOXX International earns returns that do not match up to its cost of capital. It will destroy value as it grows.
The historical data trend for VOXX International's ROIC % 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.
For the Consumer Electronics subindustry, VOXX International's ROIC %, along with its competitors' market caps and ROIC % data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
For the Hardware industry and Technology sector, VOXX International's ROIC % distribution charts can be found below:
* The bar in red indicates where VOXX International's ROIC % falls into.
VOXX International's annualized Return on Invested Capital (ROIC %) for the fiscal year that ended in Feb. 2022 is calculated as:
ROIC % (A: Feb. 2022 ) | ||||||
= | NOPAT | / | Average Invested Capital | |||
= | Operating Income * ( 1 - Tax Rate % ) | / | ( (Invested Capital (A: Feb. 2021 ) | + | Invested Capital (A: Feb. 2022 )) | / count ) |
= | 11.476 * ( 1 - -6.29% ) | / | ( (367.579 | + | 378.721) | / 2 ) |
= | 12.1978404 | / | 373.15 | |||
= | 3.27 % |
where
Invested Capital | (A: Feb. 2021 ) | |||||||||||
= | Total Assets | - | Accounts Payable & Accrued Expense | - | Excess Cash | |||||||
= | Total Assets | - | Accounts Payable & Accrued Expense | - | ( Cash, Cash Equivalents, Marketable Securities | - | max(0, Total Current Liabilities | - | Total Current Assets | + | Cash, Cash Equivalents, Marketable Securities | )) |
= | 550.818 | - | 123.835 | - | ( 59.404 | - | max(0, 146.796 | - | 319.339 | + | 59.404 | )) |
= | 367.579 |
Invested Capital | (A: Feb. 2022 ) | |||||||||||
= | Total Assets | - | Accounts Payable & Accrued Expense | - | Excess Cash | |||||||
= | Total Assets | - | Accounts Payable & Accrued Expense | - | ( Cash, Cash Equivalents, Marketable Securities | - | max(0, Total Current Liabilities | - | Total Current Assets | + | Cash, Cash Equivalents, Marketable Securities | )) |
= | 586.664 | - | 180.155 | - | ( 27.788 | - | max(0, 204.016 | - | 330.772 | + | 27.788 | )) |
= | 378.721 |
VOXX International's annualized Return on Invested Capital (ROIC %) for the quarter that ended in May. 2022 is calculated as:
ROIC % (Q: May. 2022 ) | ||||||
= | NOPAT | / | Average Invested Capital | |||
= | Operating Income * ( 1 - Tax Rate % ) | / | ( (Invested Capital (Q: Feb. 2022 ) | + | Invested Capital (Q: May. 2022 )) | / count ) |
= | -26.26 * ( 1 - 12.22% ) | / | ( (378.721 | + | 371.925) | / 2 ) |
= | -23.051028 | / | 375.323 | |||
= | -6.14 % |
where
Invested Capital | (Q: Feb. 2022 ) | |||||||||||
= | Total Assets | - | Accounts Payable & Accrued Expense | - | Excess Cash | |||||||
= | Total Assets | - | Accounts Payable & Accrued Expense | - | ( Cash, Cash Equivalents, Marketable Securities | - | max(0, Total Current Liabilities | - | Total Current Assets | + | Cash, Cash Equivalents, Marketable Securities | )) |
= | 586.664 | - | 180.155 | - | ( 27.788 | - | max(0, 204.016 | - | 330.772 | + | 27.788 | )) |
= | 378.721 |
Invested Capital | (Q: May. 2022 ) | |||||||||||
= | Total Assets | - | Accounts Payable & Accrued Expense | - | Excess Cash | |||||||
= | Total Assets | - | Accounts Payable & Accrued Expense | - | ( Cash, Cash Equivalents, Marketable Securities | - | max(0, Total Current Liabilities | - | Total Current Assets | + | Cash, Cash Equivalents, Marketable Securities | )) |
= | 541.097 | - | 163.439 | - | ( 5.733 | - | max(0, 168.157 | - | 290.133 | + | 5.733 | )) |
= | 371.925 |
Note: The Operating Income data used here is four times the quarterly (May. 2022) data.
* 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.
ROIC % measures how well a company generates cash flow relative to the capital it has invested in its business. It is also called ROC %. The reason book values of debt and equity are used is because the book values are the capital the company received when issuing the debt or receiving the equity investments.
There are four key components to this definition. The first is the use of operating income or EBIT rather than net income in the numerator. The second is the tax adjustment to this operating income or EBIT, computed as a hypothetical tax based on an effective or marginal tax rate. The third is the use of book values for invested capital, rather than market values. The final is the timing difference; the capital invested is from the end of the prior year whereas the operating income or EBIT is the current year's number.
Why is ROIC % important?
Because it costs money to raise capital. A firm that generates higher returns on investment than it costs the company to raise the capital needed for that investment is earning excess returns. A firm that expects to continue generating positive excess returns on new investments in the future will see its value increase as growth increases, whereas a firm that earns returns that do not match up to its cost of capital will destroy value as it grows.
As of today, VOXX International's WACC % is 10.36%. VOXX International's ROIC % is 1.24% (calculated using TTM income statement data).
Like ROE % and ROA %, ROIC % is calculated with only 12 months of data. Fluctuations in the company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective.
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Kahli Beat | 10 percent owner | AVALON GROUP INTERNATIONAL, LLC 3801 AVALON PARK EAST BLVD., STE 400 ORLANDO FL 32828 |
Kahli Holding Ag | 10 percent owner | RIESBACHSTRASSE 57 ZURICH V8 8008 |
Mas Edward David | officer: President Voxx Automotive Corp | C/O VOXX INTERNATIONAL CORPORATION 180 MARCUS BOULEVARD HAUPPAUGE NY 11788 |
Adamovich John Jr | director | 180 MARCUS BLVD C/O VOXX INTERNATIONAL CORPORATION HAUPPAUGE NY 11788 |
Bernardo Oscar Leonard | officer: COO Klipsch Group Inc. | C/O VOXX INTERNATIONAL CORPORATION 180 MARCUS BLVD HAUPPAUGE NY 11788 |
Geise Ian Sebastian | officer: President Voxx Accessories | C/O VOXX INTERNATIONAL CORPORATION 180 MARCUS BLVD HAUPPAUGE NY 11788 |
Gibson Denise W. | director | 140 SCHOOL STREET LIBERTYVILLE IL 60048 |
Geis Ludwig | officer: CEO VOXX Hirschmann Corp | STUTTGARTER STRASSE 45 - 51 NECKARTENZLINGEN 2M 72654 |
Glasgow Stan | director | C/O VOXX INTERNATIONAL CORPORATION 180 MARCUS BLVD. HAUPPAUGE NY 11788 |
Kelley David P | officer: Pres of Global Com for Klipsch | 180 MARCUS BOULEVARD C/O AUDIOVOX CORPORATION HAUPPAUGE X1 11788 |
Farrar Frederick L | officer: EVP/CFO for KGI | C/O WINDROSE MEDICAL PROPERTIES TRUST 3502 WOODVIEW TRACE #210 INDIANAPOLIS IN 46268 |
Klipsch Michael F | officer: Pres. Global Operations of KGI | 180 MARCUS BOULEVARD C/O AUDIOVOX CORPORATION HAUPPAUGE X1 11788 |
Jacobs Paul | officer: President & CEO of KGI | 180 MARCUS BOULEVARD C/O AUDIOVOX CORPORATION HAUPPAUGE X1 11788 |
Shalam Ari | director | C/O AUDIOVOX CORP 150 MARCUS BLVD HAUPPAUGE NY 11788 |
Klipsch Fred S | director |
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