New Look Vision Group (TSX:BCI) ROCE % : 7.53% (As of Mar. 2021)

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What is New Look Vision Group 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. New Look Vision Group's annualized ROCE % for the quarter that ended in Mar. 2021 was 7.53%.

New Look Vision Group ROCE % Historical Data

The historical data trend for New Look Vision Group'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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New Look Vision Group ROCE % Chart

New Look Vision Group Annual Data

Trend

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

ROCE %

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12.72

8.68

9.29

10.92

7.86

New Look Vision Group Quarterly Data
	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21
ROCE %	Get a 7-Day Free Trial															3.08	-8.77	18.82	13.39	7.53

New Look Vision Group ROCE % Calculation

New Look Vision Group's annualized ROCE % for the fiscal year that ended in Dec. 2020 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2020 )		(A: Dec. 2019 )		(A: Dec. 2020 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2020 )		(A: Dec. 2019 )		(A: Dec. 2020 )
	=	34.228	/	( ( (386.304 - 59.817)	+	(633.482 - 88.832) )	/ 2 )
	=	34.228	/	( (326.487	+	544.65)	/ 2 )
	=	34.228	/	435.5685
	=	7.86 %

New Look Vision Group's ROCE % of for the quarter that ended in Mar. 2021 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2021 )		(Q: Dec. 2020 )		(Q: Mar. 2021 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2021 )		(Q: Dec. 2020 )		(Q: Mar. 2021 )
	=	41.056	/	( ( (633.482 - 88.832)	+	(635.413 - 89.983) )	/ 2 )
	=	41.056	/	( ( 544.65	+	545.43 )	/ 2 )
	=	41.056	/	545.04
	=	7.53 %

(1) Note: The EBIT data used here is four times the quarterly (Mar. 2021) EBIT data.

New Look Vision Group (TSX:BCI) 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.

New Look Vision Group ROCE % Related Terms

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New Look Vision Group (TSX:BCI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » New Look Vision Group Inc (TSX:BCI) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

1 Place Ville-Marie, Suite 3670, Montreal, QC, CAN, H3B 3P2

Website

http://www.newlookvision.ca

New Look Vision Group Inc is an operator of retail stores in Canada. Its main business is that of eye care products and services which function under four main banners: New Look Eyewear, Greiche and Scaff, Vogue Optical, and Iris The Visual Group.

New Look Vision Group (TSX:BCI) Headlines

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