Theon International (FRA:W8C) ROCE % : 34.11% (As of Jun. 2024)

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What is Theon International 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. Theon International's annualized ROCE % for the quarter that ended in Jun. 2024 was 34.11%.

Theon International ROCE % Historical Data

The historical data trend for Theon International'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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Theon International ROCE % Chart

Theon International Annual Data

Trend

Dec20

Dec21

ROCE %

46.63

75.60

Theon International Semi-Annual Data
	Dec20	Jun21	Dec21	Jun22	Jun23	Jun24
ROCE %	Get a 7-Day Free Trial			69.25	79.00	48.49	41.73	34.11

Theon International ROCE % Calculation

Theon International's annualized ROCE % for the fiscal year that ended in Dec. 2021 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2021 )		(A: Dec. 2020 )		(A: Dec. 2021 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2021 )		(A: Dec. 2020 )		(A: Dec. 2021 )
	=	24.814	/	( ( (45.146 - 22.242)	+	(71.936 - 29.194) )	/ 2 )
	=	24.814	/	( (22.904	+	42.742)	/ 2 )
	=	24.814	/	32.823
	=	75.60 %

Theon International's ROCE % of for the quarter that ended in Jun. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jun. 2024 )		(Q: Jun. 2023 )		(Q: Jun. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jun. 2024 )		(Q: Jun. 2023 )		(Q: Jun. 2024 )
	=	77.18	/	( ( (0 - 0)	+	(322.968 - 96.73) )	/ 1 )
	=	77.18	/	( ( 0	+	226.238 )	/ 1 )
	=	77.18	/	226.238
	=	34.11 %

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

Theon International (FRA:W8C) 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.

Theon International ROCE % Related Terms

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Theon International Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Aerospace & Defense » Theon International PLC (FRA:W8C) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

THEON:Netherlands

Address

57, Ioannou Metaxa Street, Koropi, GRC, GR-19441

Website

http://www.theon.com

Theon International PLC is engaged in providing Night Vision and Thermal Imaging Systems for military and security applications. The main product lines of the company include Night Vision Monoculars and Binoculars, Family of Night Vision Sights, Clip-on Night Sights, Night Driver's Viewers, Digital day and night cameras and upgrade kits for armoured vehicles, Thermal Stand-alone and Clip-on uncooled Sights and Vehicle and Platform based Thermal imaging systems.

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