Omni-Lite Industries Canada (TSXV:OML) ROCE % : 2.20% (As of Sep. 2024)

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What is Omni-Lite Industries Canada 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. Omni-Lite Industries Canada's annualized ROCE % for the quarter that ended in Sep. 2024 was 2.20%.

Omni-Lite Industries Canada ROCE % Historical Data

The historical data trend for Omni-Lite Industries Canada'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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Omni-Lite Industries Canada ROCE % Chart

Omni-Lite Industries Canada Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-10.07

-7.20

-10.39

4.57

Omni-Lite Industries Canada 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															6.05	8.06	16.33	10.48	2.20

Omni-Lite Industries Canada ROCE % Calculation

Omni-Lite Industries Canada'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 )
	=	1.16	/	( ( (27.256 - 2.265)	+	(28.455 - 2.668) )	/ 2 )
	=	1.16	/	( (24.991	+	25.787)	/ 2 )
	=	1.16	/	25.389
	=	4.57 %

Omni-Lite Industries Canada'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 )
	=	0.704	/	( ( (30.91 - 2.763)	+	(38.484 - 2.532) )	/ 2 )
	=	0.704	/	( ( 28.147	+	35.952 )	/ 2 )
	=	0.704	/	32.0495
	=	2.20 %

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

Omni-Lite Industries Canada (TSXV:OML) 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.

Omni-Lite Industries Canada ROCE % Related Terms

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Omni-Lite Industries Canada Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Omni-Lite Industries Canada Inc (TSXV:OML) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

OLNCF:USA

Address

17210 Edwards Road, Cerritos, CA, USA, 90703

Website

https://www.omni-lite.com

Omni-Lite Industries Canada Inc is a developer and manufacturer of precision components, with the use of advanced composite materials and cold forging techniques, for mission-critical applications. The company's products have applications in various sectors including aerospace, military, specialty automotive, and sports and recreational industries. Its geographical areas of operations are in the United States and Canada of which key revenue is generated from the United States.

Executives

Roger Dent	Director
Michael Kenneth Walker	Senior Officer
Boeckh Investments Inc.	10% Security Holder

Omni-Lite Industries Canada Headlines

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