GURUFOCUS.COM » STOCK LIST » USA » NAS » VOXX International Corp (NAS:VOXX) » Definitions » ROIC %
Switch to:

VOXX International ROIC %

: -6.14% (As of May. 2022)
View and export this data going back to 1987. Start your Free Trial

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.


VOXX International ROIC % Historical Data

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.

* Premium members only.

VOXX International Annual Data
Trend Feb13 Feb14 Feb15 Feb16 Feb17 Feb18 Feb19 Feb20 Feb21 Feb22
ROIC %
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -1.01 -2.50 -5.65 5.72 3.27

VOXX International Quarterly Data
Aug17 Nov17 Feb18 May18 Aug18 Nov18 Feb19 May19 Aug19 Nov19 Feb20 May20 Aug20 Nov20 Feb21 May21 Aug21 Nov21 Feb22 May22
ROIC % Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.27 -0.35 8.65 1.33 -6.14

Competitive Comparison

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.

   

VOXX International ROIC % Distribution

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 ROIC % Calculation

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

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.


VOXX International  (NAS:VOXX) ROIC % Explanation

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).


Be Aware

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.


VOXX International ROIC % Related Terms

Thank you for viewing the detailed overview of VOXX International's ROIC % provided by GuruFocus.com. Please click on the following links to see related term pages.


VOXX International Business Description

VOXX International logo
Traded in Other Exchanges
Address
2351 J. Lawson Boulevard, Orlando, FL, USA, 32824
VOXX International Corp is a manufacturer and supplier of consumer electronic products in the automotive, premium audio, and accessory industries. The company markets its products under the Audiovox brand name and other brand names and licensed brands. The company operates in three segments: Automotive Electronics, Consumer Electronics, and Biometrics. The company's product portfolio comprises rear-seat entertainment devices, satellite radio products, automotive security, digital TV tuners, mobile antennas, location-based services, high-end loudspeakers, digital living network alliance compatible devices, wireless and Bluetooth speakers, 360 Fly Action Cameras, reception and digital consumer products.
Executives
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

VOXX International Headlines

Other Sources

Get WordPress Plugins for easy affiliate links on Stock Tickers and Guru Names | Earn affiliate commissions by embedding GuruFocus Charts
GuruFocus Affiliate Program: Earn up to $400 per referral. ( Learn More)