OCC (Optical Cable) ROCE % : -15.77% (As of Jul. 2024)

View and export this data going back to 1996. Start your Free Trial

What is Optical Cable 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. Optical Cable's annualized ROCE % for the quarter that ended in Jul. 2024 was -15.77%.

Optical Cable ROCE % Historical Data

The historical data trend for Optical Cable'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.

* Premium members only.

Optical Cable ROCE % Chart

Optical Cable Annual Data

Trend

Oct14

Oct15

Oct16

Oct17

Oct18

Oct19

Oct20

Oct21

Oct22

Oct23

ROCE %

Get a 7-Day Free Trial

-16.48

-19.49

23.47

1.38

9.73

Optical Cable Quarterly Data
	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24	Apr24	Jul24
ROCE %	Get a 7-Day Free Trial															4.42	-10.65	-12.82	-15.80	-15.77

Optical Cable ROCE % Calculation

Optical Cable's annualized ROCE % for the fiscal year that ended in Oct. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Oct. 2023 )		(A: Oct. 2022 )		(A: Oct. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Oct. 2023 )		(A: Oct. 2022 )		(A: Oct. 2023 )
	=	3.365	/	( ( (40.558 - 7.483)	+	(43.879 - 7.768) )	/ 2 )
	=	3.365	/	( (33.075	+	36.111)	/ 2 )
	=	3.365	/	34.593
	=	9.73 %

Optical Cable's ROCE % of for the quarter that ended in Jul. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jul. 2024 )		(Q: Apr. 2024 )		(Q: Jul. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jul. 2024 )		(Q: Apr. 2024 )		(Q: Jul. 2024 )
	=	-4.996	/	( ( (39.885 - 7.134)	+	(37.599 - 6.976) )	/ 2 )
	=	-4.996	/	( ( 32.751	+	30.623 )	/ 2 )
	=	-4.996	/	31.687
	=	-15.77 %

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

Optical Cable (NAS:OCC) 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.

Optical Cable ROCE % Related Terms

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

Optical Cable Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Optical Cable Corp (NAS:OCC) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

5290 Concourse Drive, Roanoke, VA, USA, 24019

Website

https://www.occfiber.com

Optical Cable Corp manufactures tight-buffered fiber optic & copper data communication cables, data communication connectivity solutions for enterprise markets, and customized solutions for specialty use & harsh environments. Its products and services include designs and customized products for specialty applications and harsh environments, cabling, connectors, patch cords, assemblies, racks, cabinets, datacom enclosures, patch panels, faceplates, and multi-media boxes. The company supplies its products and services to industries such as the military, industrial, mining, petrochemical, broadcast, oil & gas, and others.

Executives

Randall H Frazier	director
Wilkin Neil D Jr	director, officer: President and CFO
Williamson John B Iii	director	PO BOX 13007, ROANOKE VA 24030
Nygren John A Jr	director	567 SEAFORD LANE, MATHEWS VA 23109
Craig H Weber	director
William Russell Reynolds	officer: SR VP OF SALES	106 DISTANT VIEW DRIVE, ASHEVILLE NC 28803
Tracy G Smith	officer: Chief Financial Officer
Luke J Huybrechts	director, officer: SVP Sales
Charles W Carson	officer: SVP Marketing & Strategy
Ted W Leonard	officer: VP Sales - USA
John M Holland	director