VIGO Photonics (WAR:VGO) ROCE % : 6.45% (As of Dec. 2023)

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What is VIGO Photonics 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. VIGO Photonics's annualized ROCE % for the quarter that ended in Dec. 2023 was 6.45%.

VIGO Photonics ROCE % Historical Data

The historical data trend for VIGO Photonics'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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VIGO Photonics ROCE % Chart

VIGO Photonics Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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15.05

13.94

13.77

4.41

5.38

VIGO Photonics Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial															7.42	7.44	8.33	4.28	6.45

VIGO Photonics ROCE % Calculation

VIGO Photonics'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 )
	=	13.409	/	( ( (253.997 - 33.596)	+	(322.27 - 43.922) )	/ 2 )
	=	13.409	/	( (220.401	+	278.348)	/ 2 )
	=	13.409	/	249.3745
	=	5.38 %

VIGO Photonics's ROCE % of for the quarter that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	16.38	/	( ( (267.258 - 37.912)	+	(322.27 - 43.922) )	/ 2 )
	=	16.38	/	( ( 229.346	+	278.348 )	/ 2 )
	=	16.38	/	253.847
	=	6.45 %

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

VIGO Photonics (WAR:VGO) 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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VIGO Photonics (WAR:VGO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » VIGO Photonics SA (WAR:VGO) » Definitions » ROCE %

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Address

129/133 Poznanska Street, Ozarow Mazowiecki, POL, 05-850

Website

https://www.vigophotonics.com

VIGO Photonics SA is a manufacturer of uncooled infrared photon detectors. The detectors are used in the fields of Industry, Defense and Security, Environmental Protection, Healthcare, Transport, and Research & Development. The company's products include MCT Detectors, InAs detectors, InAsSb detectors, and Dedicated electronics.

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