FLIR Systems (BSP:F1LI34) ROCE % : 8.33% (As of Mar. 2021)

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What is FLIR Systems 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. FLIR Systems's annualized ROCE % for the quarter that ended in Mar. 2021 was 8.33%.

FLIR Systems ROCE % Historical Data

The historical data trend for FLIR Systems'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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FLIR Systems ROCE % Chart

FLIR Systems Annual Data

Trend

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

ROCE %

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13.47

12.55

14.32

10.66

12.52

FLIR Systems Quarterly Data
	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21
ROCE %	Get a 7-Day Free Trial															5.00	14.33	13.42	14.95	8.33

FLIR Systems ROCE % Calculation

FLIR Systems's annualized ROCE % for the fiscal year that ended in Dec. 2020 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2020 )		(A: Dec. 2019 )		(A: Dec. 2020 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2020 )		(A: Dec. 2019 )		(A: Dec. 2020 )
	=	1606.402	/	( ( (12878.037 - 1695.384)	+	(16732.355 - 2254.089) )	/ 2 )
	=	1606.402	/	( (11182.653	+	14478.266)	/ 2 )
	=	1606.402	/	12830.4595
	=	12.52 %

FLIR Systems's ROCE % of for the quarter that ended in Mar. 2021 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2021 )		(Q: Dec. 2020 )		(Q: Mar. 2021 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2021 )		(Q: Dec. 2020 )		(Q: Mar. 2021 )
	=	1265.08	/	( ( (16732.355 - 2254.089)	+	(18194.622 - 2302.998) )	/ 2 )
	=	1265.08	/	( ( 14478.266	+	15891.624 )	/ 2 )
	=	1265.08	/	15184.945
	=	8.33 %

(1) Note: The EBIT data used here is four times the quarterly (Mar. 2021) EBIT data.

FLIR Systems (BSP:F1LI34) 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.

FLIR Systems ROCE % Related Terms

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FLIR Systems (BSP:F1LI34) Business Description

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GURUFOCUS.COM » STOCK LIST » Technology » Hardware » FLIR Systems Inc (BSP:F1LI34) » Definitions » ROCE %

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Address

27700 SW Parkway Avenue, Wilsonville, OR, USA, 97070

Website

https://www.flir.com

FLIR Systems Inc designs, develops, markets, and distributes technologies that detect people, objects, and substances. The company's two business units are Industrial Technologies and Defense Technologies segment. The Industrial Technologies segment develops components used to create thermal, industrial, and other imaging systems. The Defense Technologies unit develops imaging and recognition solutions for military, law enforcement, and other government customers. The company operates around the world, with a significant portion of revenue coming from the United States.

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