Vuzix (LTS:0LRL) ROCE % : -97.32% (As of Sep. 2024)

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What is Vuzix 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. Vuzix's annualized ROCE % for the quarter that ended in Sep. 2024 was -97.32%.

Vuzix ROCE % Historical Data

The historical data trend for Vuzix'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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Vuzix ROCE % Chart

Vuzix Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-94.82

-50.96

-41.33

-32.53

-51.19

Vuzix Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
ROCE %	Get a 7-Day Free Trial															-45.82	-83.10	-52.22	-77.89	-97.32

Vuzix ROCE % Calculation

Vuzix's annualized ROCE % for the fiscal year that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2023 )		(A: Dec. 2022 )		(A: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2023 )		(A: Dec. 2022 )		(A: Dec. 2023 )
	=	-50.354	/	( ( (131.072 - 15.277)	+	(86.148 - 5.216) )	/ 2 )
	=	-50.354	/	( (115.795	+	80.932)	/ 2 )
	=	-50.354	/	98.3635
	=	-51.19 %

Vuzix'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: Jun. 2024 )		(Q: Sep. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2024 )		(Q: Jun. 2024 )		(Q: Sep. 2024 )
	=	-36.648	/	( ( (38.234 - 2.587)	+	(41.847 - 2.181) )	/ 2 )
	=	-36.648	/	( ( 35.647	+	39.666 )	/ 2 )
	=	-36.648	/	37.6565
	=	-97.32 %

(1) Note: The EBIT data used here is four times the quarterly (Sep. 2024) EBIT data.

Vuzix (LTS:0LRL) 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.

Vuzix ROCE % Related Terms

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Vuzix Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Vuzix Corp (LTS:0LRL) » Definitions » ROCE %

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VUZI:USA V7XN:Germany V7XN:Germany

Address

25 Hendrix Road, Suite A, West Henrietta, NY, USA, 14586

Website

https://www.vuzix.com

Vuzix Corp is engaged in the design, manufacturing, marketing, and selling of Smart Glasses and Augmented Reality (AR) technologies and products for the enterprise, medical, defense, and consumer markets. Its products include head-mounted (or HMDs or heads-up displays or HUDs) smart personal display and wearable computing devices that offer users a portable high-quality viewing experience, provide solutions for mobility, wearable displays, and augmented reality, as well as OEM waveguide optical components and display engines. Geographically, the company generates a majority of its revenue from the United States and also has a presence in Japan, Netherlands, and other countries.

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