Virtuoso OptoElectronics (BOM:543597) ROCE % : 21.32% (As of Sep. 2023)

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What is Virtuoso OptoElectronics 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. Virtuoso OptoElectronics's annualized ROCE % for the quarter that ended in Sep. 2023 was 21.32%.

Virtuoso OptoElectronics ROCE % Historical Data

The historical data trend for Virtuoso OptoElectronics'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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Virtuoso OptoElectronics ROCE % Chart

Virtuoso OptoElectronics Annual Data

Trend

Mar20

Mar21

Mar22

Mar23

ROCE %

20.31

29.55

29.40

24.62

Virtuoso OptoElectronics Semi-Annual Data
	Mar20	Mar21	Mar22	Sep22	Mar23	Sep23
ROCE %	Get a 7-Day Free Trial			-	-	33.38	19.26	21.32

Virtuoso OptoElectronics ROCE % Calculation

Virtuoso OptoElectronics's annualized ROCE % for the fiscal year that ended in Mar. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Mar. 2023 )		(A: Mar. 2022 )		(A: Mar. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Mar. 2023 )		(A: Mar. 2022 )		(A: Mar. 2023 )
	=	233.364	/	( ( (1255.551 - 737.875)	+	(2764.976 - 1386.789) )	/ 2 )
	=	233.364	/	( (517.676	+	1378.187)	/ 2 )
	=	233.364	/	947.9315
	=	24.62 %

Virtuoso OptoElectronics's ROCE % of for the quarter that ended in Sep. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2023 )		(Q: Mar. 2023 )		(Q: Sep. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2023 )		(Q: Mar. 2023 )		(Q: Sep. 2023 )
	=	311.104	/	( ( (2764.976 - 1386.789)	+	(3106.568 - 1566.131) )	/ 2 )
	=	311.104	/	( ( 1378.187	+	1540.437 )	/ 2 )
	=	311.104	/	1459.312
	=	21.32 %

(1) Note: The EBIT data used here is two times the semi-annual (Sep. 2023) EBIT data.

Virtuoso OptoElectronics (BOM:543597) 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.

Virtuoso OptoElectronics ROCE % Related Terms

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Virtuoso OptoElectronics (BOM:543597) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Virtuoso OptoElectronics Ltd (BOM:543597) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

Plot No. 7 M.I.D.C, Satpur, Nasik, MH, IND, 422007

Website

https://www.voepl.com

Virtuoso OptoElectronics Ltd is engaged in the manufacturing of consumer durable goods, assembles a wide array of products and provide end-to-end product solutions. The company's product portfolio of consumer goods includes Split Air Conditioners; Water Heaters; LED Lighting products; and other miscellaneous products such as injection moulding components for air conditioners.

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