VOXX International (FRA:VOX) ROCE % : 3.23% (As of Nov. 2023)

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What is VOXX International 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. VOXX International's annualized ROCE % for the quarter that ended in Nov. 2023 was 3.23%.

VOXX International ROCE % Historical Data

The historical data trend for VOXX International'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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VOXX International ROCE % Chart

VOXX International Annual Data

Trend

Feb14

Feb15

Feb16

Feb17

Feb18

Feb19

Feb20

Feb21

Feb22

Feb23

ROCE %

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-12.90

-9.89

7.51

-6.12

-7.24

VOXX International Quarterly Data
	Feb19	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23
ROCE %	Get a 7-Day Free Trial															3.90	-11.42	-12.78	-11.41	3.23

VOXX International ROCE % Calculation

VOXX International's annualized ROCE % for the fiscal year that ended in Feb. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Feb. 2023 )		(A: Feb. 2022 )		(A: Feb. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Feb. 2023 )		(A: Feb. 2022 )		(A: Feb. 2023 )
	=	-24.571	/	( ( (516.851 - 179.738)	+	(485.167 - 143.263) )	/ 2 )
	=	-24.571	/	( (337.113	+	341.904)	/ 2 )
	=	-24.571	/	339.5085
	=	-7.24 %

VOXX International's ROCE % of for the quarter that ended in Nov. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Nov. 2023 )		(Q: Aug. 2023 )		(Q: Nov. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Nov. 2023 )		(Q: Aug. 2023 )		(Q: Nov. 2023 )
	=	10.244	/	( ( (452.097 - 138.944)	+	(460.511 - 140.149) )	/ 2 )
	=	10.244	/	( ( 313.153	+	320.362 )	/ 2 )
	=	10.244	/	316.7575
	=	3.23 %

(1) Note: The EBIT data used here is four times the quarterly (Nov. 2023) EBIT data.

VOXX International (FRA:VOX) 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.

VOXX International ROCE % Related Terms

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VOXX International (FRA:VOX) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » VOXX International Corp (FRA:VOX) » Definitions » ROCE %

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VOXX:USA VOX:Germany

Address

2351 J. Lawson Boulevard, Orlando, FL, USA, 32824

Website

https://www.voxxintl.com

VOXX International Corp manufacturer and distributor in the Automotive Electronics, Consumer Electronics, and Biometrics industries. The consumer electronic products primarily consist of finished goods sold to retail and commercial customers, consisting of premium audio and other consumer electronic products. Automotive products, some of which are manufactured by the Company, are sold both to OEM and aftermarket customers. Biometric products, primarily consisting of finished goods, are sold to retail and commercial customers.