FLIR Systems (FLIR Systems) ROCE % : 7.97% (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 7.97%.

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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14.42

12.66

13.25

10.39

11.28

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															4.59	13.92	13.16	15.31	7.97

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 )
	=	312.244	/	( ( (3137.541 - 413.055)	+	(3252.348 - 438.138) )	/ 2 )
	=	312.244	/	( (2724.486	+	2814.21)	/ 2 )
	=	312.244	/	2769.348
	=	11.28 %

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 )
	=	224.5	/	( ( (3252.348 - 438.138)	+	(3228.802 - 408.688) )	/ 2 )
	=	224.5	/	( ( 2814.21	+	2820.114 )	/ 2 )
	=	224.5	/	2817.162
	=	7.97 %

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

FLIR Systems (NAS:FLIR) 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 (FLIR Systems) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

N/A

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.

Executives

John D Carter	director	17575 LITTLE RIVER DRIVE, BEND OR 97707
James J Cannon	officer: President and CEO	1000 STANLEY DRIVE, NEW BRITAIN CT 06053
Sonia Galindo	officer: Sr VP, General Counsel and Sec	C/O ROSETTA STONE, 1621 NORTH KENT STREET, SUITE 1200, ARLINGTON VA 22209
Travis Barton Johnson	officer: VP, Controller & CAO	41789 IVY GLEN COURT, ASHBURN VA 20148
Paula M. Cooney	officer: SVP and CHRO	1200 WILLOW LAKE BLVD., P.O. BOX 64683, ST. PAUL MN 55110
William Wright Crouch	director	27700 SW PARKWAY AVENUE WILSONVILLE OR 97070
Carol P Lowe	officer: Exec VP, Finance and CFO	4311 BEULAH CHURCH ROAD, WEDDINGTON NC 28104
Steven E Wynne	director	27700 SW PARKWAY AVENUE, WILSONVILLE OR 97070
Angus L Macdonald	director	27700 SW PARKWAY AVENUE WILSONVILLE OR 97070
Earl R Lewis	director	C/O NXSTAGE MEDICAL INC. (NXTM), 439 SOUTH UNION STREET, 5TH FLOOR, LAWRENCE MA 01843
Jeffrey Frank	officer: Sr VP, Global Product Strategy	27700 SW PARKWAY AVE WILSONVILLE OR 97070
Wood John W Jr	director	C/O ANALOGIC, 8 CENTENNIAL DRIVE, PEABODY MA 01960
Cathy A Stauffer	director
Robert S Tyrer	director	EDO CORP 60 EAST 42ND STR 42ND FL NEW YORK NY 10165
Michael T Smith	director	190 NW SPANISH RIVER BOULEVARD, SUITE 101, BOCA RATON FL 33431