Next Vision Stabilized Systems (XTAE:NXSN) ROCE % : 82.85% (As of Mar. 2024)

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What is Next Vision Stabilized Systems 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. Next Vision Stabilized Systems's annualized ROCE % for the quarter that ended in Mar. 2024 was 82.85%.

Next Vision Stabilized Systems ROCE % Historical Data

The historical data trend for Next Vision Stabilized Systems'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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Next Vision Stabilized Systems ROCE % Chart

Next Vision Stabilized Systems Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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49.82

55.72

23.81

25.78

46.40

Next Vision Stabilized Systems Quarterly Data
	Dec19	Jun20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial											34.49	49.26	45.77	65.56	82.85

Next Vision Stabilized Systems ROCE % Calculation

Next Vision Stabilized Systems'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 )
	=	119.548	/	( ( (240.771 - 27.316)	+	(361.503 - 59.634) )	/ 2 )
	=	119.548	/	( (213.455	+	301.869)	/ 2 )
	=	119.548	/	257.662
	=	46.40 %

Next Vision Stabilized Systems's ROCE % of for the quarter that ended in Mar. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	252.396	/	( ( (361.503 - 59.634)	+	(361.57 - 54.156) )	/ 2 )
	=	252.396	/	( ( 301.869	+	307.414 )	/ 2 )
	=	252.396	/	304.6415
	=	82.85 %

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

Next Vision Stabilized Systems (XTAE:NXSN) 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.

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Next Vision Stabilized Systems (XTAE:NXSN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Next Vision Stabilized Systems Ltd (XTAE:NXSN) » Definitions » ROCE %

Comparable Companies

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N/A

Address

Tedahar 17, Ra'anana, Tel Aviv, ISR

Website

https://www.nextvision-sys.com

Next Vision Stabilized Systems Ltd is engaged in the field of micro stabilized gimballed cameras. It offers the widest range of stabilized cameras and accessories for commercial, industrial and security applications. The cameras can be mounted on ground, aerial and maritime platforms, and are the preferred choice where low SWaP2 (Size, Weight, Power and Price) without compromising performance is a key requirement. Its products include Colibri1, Colibri2, Colibri212, Nighthawk1, Nighthawk2, Nighthawk2-V, Nighthawk2-UZ, and Dragoneye2.

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