Oxford Instruments (CHIX:OXIGL) ROCE % : 15.80% (As of Sep. 2024)

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What is Oxford Instruments 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. Oxford Instruments's annualized ROCE % for the quarter that ended in Sep. 2024 was 15.80%.

Oxford Instruments ROCE % Historical Data

The historical data trend for Oxford Instruments'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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Oxford Instruments ROCE % Chart

Oxford Instruments Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

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15.42

19.79

15.61

20.65

18.55

Oxford Instruments Semi-Annual Data
	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23	Mar24	Sep24
ROCE %	Get a 7-Day Free Trial															15.52	26.19	15.94	21.40	15.80

Oxford Instruments ROCE % Calculation

Oxford Instruments's annualized ROCE % for the fiscal year that ended in Mar. 2024 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Mar. 2024 )		(A: Mar. 2023 )		(A: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Mar. 2024 )		(A: Mar. 2023 )		(A: Mar. 2024 )
	=	73	/	( ( (572 - 193.1)	+	(606.3 - 198.2) )	/ 2 )
	=	73	/	( (378.9	+	408.1)	/ 2 )
	=	73	/	393.5
	=	18.55 %

Oxford Instruments's ROCE % of for the quarter that ended in Sep. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2024 )		(Q: Mar. 2024 )		(Q: Sep. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2024 )		(Q: Mar. 2024 )		(Q: Sep. 2024 )
	=	65.4	/	( ( (606.3 - 198.2)	+	(592.4 - 172.9) )	/ 2 )
	=	65.4	/	( ( 408.1	+	419.5 )	/ 2 )
	=	65.4	/	413.8
	=	15.80 %

(1) Note: The EBIT data used here is two times the semi-annual (Sep. 2024) EBIT data.

Oxford Instruments (CHIX:OXIGl) 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.

Oxford Instruments ROCE % Related Terms

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Oxford Instruments Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Oxford Instruments PLC (CHIX:OXIGl) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

OXINF:USA OXIG:UK OX3:Germany OX3:Germany

Address

Tubney Woods, Abingdon, Oxfordshire, GBR, OX13 5QX

Website

https://www.oxinst.com

Oxford Instruments PLC is engaged in researching, developing, manufacturing, renting, selling, and servicing high-technology tools and systems. The company's operating segment includes Materials and Characterisation; Research and Discovery and Service and Healthcare. It generates maximum revenue from the Materials and Characterisation segment. The Materials and Characterisation segment focuses on applied R&D and commercial customers, enabling the fabrication and characterization of materials and devices down to the atomic scale. Geographically, it derives a majority of its revenue from Asia and also has a presence in Europe, North America, and the Rest of the World.

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