OPXXW (Optex Systems Holdings) ROCE % : 33.39% (As of Jun. 2024)

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What is Optex Systems Holdings 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. Optex Systems Holdings's annualized ROCE % for the quarter that ended in Jun. 2024 was 33.39%.

Optex Systems Holdings ROCE % Historical Data

The historical data trend for Optex Systems Holdings'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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Optex Systems Holdings ROCE % Chart

Optex Systems Holdings Annual Data

Trend

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

ROCE %

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37.70

16.03

11.92

9.68

16.73

Optex Systems Holdings Quarterly Data
	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
ROCE %	Get a 7-Day Free Trial															18.16	38.80	12.40	29.64	33.39

Optex Systems Holdings ROCE % Calculation

Optex Systems Holdings's annualized ROCE % for the fiscal year that ended in Sep. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Sep. 2023 )		(A: Sep. 2022 )		(A: Sep. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Sep. 2023 )		(A: Sep. 2022 )		(A: Sep. 2023 )
	=	2.787	/	( ( (18.537 - 3.368)	+	(22.219 - 4.077) )	/ 2 )
	=	2.787	/	( (15.169	+	18.142)	/ 2 )
	=	2.787	/	16.6555
	=	16.73 %

Optex Systems Holdings'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: Mar. 2024 )		(Q: Jun. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jun. 2024 )		(Q: Mar. 2024 )		(Q: Jun. 2024 )
	=	6.46	/	( ( (23.798 - 4.726)	+	(24.862 - 5.237) )	/ 2 )
	=	6.46	/	( ( 19.072	+	19.625 )	/ 2 )
	=	6.46	/	19.3485
	=	33.39 %

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

Optex Systems Holdings (OTCPK:OPXXW) 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.

Optex Systems Holdings ROCE % Related Terms

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Optex Systems Holdings Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Aerospace & Defense » Optex Systems Holdings Inc (OTCPK:OPXXW) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

OPXS:USA X62:Germany

Address

1420 Presidential Drive, Richardson, TX, USA, 75081-2439

Website

https://www.optexsys.com/optex-homepage

Optex Systems Holdings Inc manufactures optical sighting systems and assemblies for the U.S. Department of Defense, foreign military applications, and commercial markets. Its products are installed on a variety of United States military land vehicles, such as the Abrams and Bradley fighting vehicles, and light armored and security vehicles, and have been selected for installation on the Stryker family of vehicles. The company's operating segment includes Optex Richardson and Applied Optics Center Dallas. It generates maximum revenue from the Applied Optics Center Dallas segment. Some of its products include M17 Day/Thermal Periscope; DDAN / M36 Sights; Laser Protected Periscopes; Muzzle Reference Sensor and others.