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Vuzix (VUZI) ROA % : -281.99% (As of Jun. 2024)


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What is Vuzix ROA %?

ROA % is calculated as Net Income divided by its average Total Assets over a certain period of time. Vuzix's annualized Net Income for the quarter that ended in Jun. 2024 was $-162.45 Mil. Vuzix's average Total Assets over the quarter that ended in Jun. 2024 was $57.61 Mil. Therefore, Vuzix's annualized ROA % for the quarter that ended in Jun. 2024 was -281.99%.

The historical rank and industry rank for Vuzix's ROA % or its related term are showing as below:

VUZI' s ROA % Range Over the Past 10 Years
Min: -244   Med: -75.23   Max: -29.17
Current: -98.72

During the past 13 years, Vuzix's highest ROA % was -29.17%. The lowest was -244.00%. And the median was -75.23%.

VUZI's ROA % is ranked worse than
98.17% of 2462 companies
in the Hardware industry
Industry Median: 2.395 vs VUZI: -98.72

Vuzix ROA % Historical Data

The historical data trend for Vuzix's ROA % 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.

* Premium members only.

Vuzix ROA % Chart

Vuzix Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
ROA %
Get a 7-Day Free Trial Premium Member Only Premium Member Only -83.28 -44.37 -40.19 -29.17 -46.17

Vuzix Quarterly Data
Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24
ROA % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -31.05 -41.53 -84.99 -49.28 -281.99

Competitive Comparison of Vuzix's ROA %

For the Consumer Electronics subindustry, Vuzix's ROA %, along with its competitors' market caps and ROA % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Vuzix's ROA % Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Vuzix's ROA % distribution charts can be found below:

* The bar in red indicates where Vuzix's ROA % falls into.



Vuzix ROA % Calculation

Vuzix's annualized ROA % for the fiscal year that ended in Dec. 2023 is calculated as:

ROA %=Net Income (A: Dec. 2023 )/( (Total Assets (A: Dec. 2022 )+Total Assets (A: Dec. 2023 ))/ count )
=-50.149/( (131.072+86.148)/ 2 )
=-50.149/108.61
=-46.17 %

Vuzix's annualized ROA % for the quarter that ended in Jun. 2024 is calculated as:

ROA %=Net Income (Q: Jun. 2024 )/( (Total Assets (Q: Mar. 2024 )+Total Assets (Q: Jun. 2024 ))/ count )
=-162.448/( (76.982+38.234)/ 2 )
=-162.448/57.608
=-281.99 %

* 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.

In the calculation of annual ROA %, the net income of the last fiscal year and the average total assets over the fiscal year are used. In calculating the quarterly data, the Net Income data used here is four times the quarterly (Jun. 2024) net income data. ROA % is displayed in the 30-year financial page.


Vuzix  (NAS:VUZI) ROA % Explanation

ROA % measures the rate of return on the total assets (shareholder equity plus liabilities). It measures a firm's efficiency at generating profits from shareholders' equity plus its liabilities. ROA % shows how well a company uses what it has to generate earnings. ROA %s can vary drastically across industries. Therefore, ROA % should not be used to compare companies in different industries. For retailers, a ROA % of higher than 5% is expected. For example, Wal-Mart (WMT) has a ROA % of about 8% as of 2012. For banks, ROA % is close to their interest spread. A bank’s ROA % is typically well under 2%.

Similar to ROE, ROA % is affected by profit margins and asset turnover. This can be seen from the Du Pont Formula:

ROA %(Q: Jun. 2024 )
=Net Income/Total Assets
=-162.448/57.608
=(Net Income / Revenue)*(Revenue / Total Assets)
=(-162.448 / 4.372)*(4.372 / 57.608)
=Net Margin %*Asset Turnover
=-3715.65 %*0.0759
=-281.99 %

Note: The Net Income data used here is four times the quarterly (Jun. 2024) net income data. The Revenue data used here is four times the quarterly (Jun. 2024) revenue data.

* 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.


Be Aware

Like ROE, ROA % is calculated with only 12 months data. Fluctuations in the company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective. ROA % can be affected by events such as stock buyback or issuance, and by goodwill, a company's tax rate and its interest payment. ROA % may not reflect the true earning power of the assets. A more accurate measurement is ROC % (ROC).

Many analysts argue the higher return the better. Buffett states that really high ROA % may indicate vulnerability in the durability of the competitive advantage.

E.g. Raising $43b to take on KO is impossible, but $1.7b to take on Moody's is. Although Moody's ROA % and underlying economics is far superior to Coca Cola, the durability is far weaker because of lower entry cost.


Vuzix ROA % Related Terms

Thank you for viewing the detailed overview of Vuzix's ROA % provided by GuruFocus.com. Please click on the following links to see related term pages.


Vuzix Business Description

Traded in Other Exchanges
Address
25 Hendrix Road, Suite A, West Henrietta, NY, USA, 14586
Vuzix Corp is engaged in the design, manufacturing, marketing, and selling of Smart Glasses and Augmented Reality (AR) technologies and products for the enterprise, medical, defense, and consumer markets. Its products include head-mounted (or HMDs or heads-up displays or HUDs) smart personal display and wearable computing devices that offer users a portable high-quality viewing experience, provide solutions for mobility, wearable displays, and augmented reality, as well as OEM waveguide optical components and display engines. Geographically, the company generates a majority of its revenue from the United States and also has a presence in Japan, Netherlands, and other countries.
Executives
Timothy Heydenreich Harned director 71 MAUGUS AVENUE, WELLESLEY MA 02481
Paul J Travers director, officer: President and CEO 75 TOWN CENTRE DR, ROCHESTER NY 14623
Kay Edward William Jr. director 55 MITCHELL ROAD, PITTSFORD NY 14534
Peter Hamilton Jameson officer: Chief Operating Officer 5 CHIPMUNK TRL, PITTSFORD NY 14534
Raj Rajgopal director C/O VIRTUSA CORPORATION, 2000 WEST PARK DRIVE, WESTBOROUGH MA 01581
Grant Russell director, officer: CFO and Executive VP VUZIX CORPORATION, 75 TOWN CENTRE DR, ROCHESTER NY 14623
Emily Nagle Green director CASELLA WASTE SYSTEMS, 25 GREENS HILL LANE, RUTLAND VT 05701
Azita Arvani director 1522 LOMA DRIVE, HERMOSA BEACH CA 90254
Intel Corp 10 percent owner 2200 MISSION COLLEGE BLVD, RNB-4-151, SANTA CLARA CA 95054
Alexander Ruckdaeschel director 123 EAST 83RD STREET, APT 3-B, NEW YORK NY 10028
Paul A Boris director, officer: Chief Operating Officer 2561 VERONICA DRIVE, CHESTER SPRINGS PA 19425
William Lee director 75 TOWN CENTRE DR, C/O VUZIX CORPORATION, ROCHESTER NY 14623
Michael Dennis Scott director 1211 21ST STREET, HERMOSA BEACH CA 90254
Michael Edwards Mccrackan officer: Vice President of Operations 38 TURNING LEAF DRIVE, PITTSFORD NY 14534
Cecin Jose A Jr director C/O MOBILE SATELLITE VENTURES LP, 10802 PARKRIDGE BLVD, RESTON VA 20191