Vision Marine Technologies (Vision Marine Technologies) ROCE % : -203.26% (As of Feb. 2024)

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What is Vision Marine Technologies 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. Vision Marine Technologies's annualized ROCE % for the quarter that ended in Feb. 2024 was -203.26%.

Vision Marine Technologies ROCE % Historical Data

The historical data trend for Vision Marine Technologies'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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Vision Marine Technologies ROCE % Chart

Vision Marine Technologies Annual Data

Trend

Aug18

Aug19

Aug20

Aug21

Aug22

Aug23

ROCE %

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118.48

-197.21

-78.86

-40.06

-90.27

Vision Marine Technologies Quarterly Data
	Aug18	Feb19	Aug19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
ROCE %	Get a 7-Day Free Trial															-134.88	-69.40	-95.44	22.71	-203.26

Vision Marine Technologies ROCE % Calculation

Vision Marine Technologies's annualized ROCE % for the fiscal year that ended in Aug. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Aug. 2023 )		(A: Aug. 2022 )		(A: Aug. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Aug. 2023 )		(A: Aug. 2022 )		(A: Aug. 2023 )
	=	-15.593	/	( ( (22.528 - 2.225)	+	(17.842 - 3.598) )	/ 2 )
	=	-15.593	/	( (20.303	+	14.244)	/ 2 )
	=	-15.593	/	17.2735
	=	-90.27 %

Vision Marine Technologies's ROCE % of for the quarter that ended in Feb. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Feb. 2024 )		(Q: Nov. 2023 )		(Q: Feb. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Feb. 2024 )		(Q: Nov. 2023 )		(Q: Feb. 2024 )
	=	-24.796	/	( ( (16.696 - 4.38)	+	(15.802 - 3.72) )	/ 2 )
	=	-24.796	/	( ( 12.316	+	12.082 )	/ 2 )
	=	-24.796	/	12.199
	=	-203.26 %

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

Vision Marine Technologies (NAS:VMAR) 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.

Vision Marine Technologies ROCE % Related Terms

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Vision Marine Technologies (Vision Marine Technologies) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Vision Marine Technologies Inc (NAS:VMAR) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

730 Boulevard du Cure-Boivin, Boisbriand, Montreal, QC, CAN, J7G 2A7

Website

https://www.visionmarinetechnologies.com

Vision Marine Technologies Inc is in the business of designing and manufacturing electric outboard powertrain systems, power boats, and related technology and the renting of electric boats. The different models of the powerboats and electric boats manufactured by the company includes, Bruce 22, Fantail 217, Volt 180 and others. The company operates in two reportable business segments; Sale of electric boats and Rental of electric boats. The majority of the revenue for the company is generated from its Rental of electric boats segment. Geographically, the company generates revenue from its business in Canada, USA and other countries. A substantial portion of the overall revenue is generated from its business in USA.