National Vision Holdings (FRA:7NV) ROCE % : 5.50% (As of Mar. 2024)

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What is National Vision Holdings 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. National Vision Holdings's annualized ROCE % for the quarter that ended in Mar. 2024 was 5.50%.

National Vision Holdings ROCE % Historical Data

The historical data trend for National Vision Holdings'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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National Vision Holdings ROCE % Chart

National Vision Holdings Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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4.02

4.43

9.18

3.25

-2.51

National Vision Holdings Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial															5.94	1.75	1.30	-20.70	5.50

National Vision Holdings ROCE % Calculation

National Vision Holdings'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 )
	=	-43.489	/	( ( (2162.936 - 324.985)	+	(1992.193 - 364.691) )	/ 2 )
	=	-43.489	/	( (1837.951	+	1627.502)	/ 2 )
	=	-43.489	/	1732.7265
	=	-2.51 %

National Vision Holdings's ROCE % of for the quarter that ended in Mar. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	89.828	/	( ( (1992.193 - 364.691)	+	(1982.939 - 345.006) )	/ 2 )
	=	89.828	/	( ( 1627.502	+	1637.933 )	/ 2 )
	=	89.828	/	1632.7175
	=	5.50 %

(1) Note: The EBIT data used here is four times the quarterly (Mar. 2024) EBIT data.

National Vision Holdings (FRA:7NV) 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.

National Vision Holdings ROCE % Related Terms

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National Vision Holdings (FRA:7NV) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » National Vision Holdings Inc (FRA:7NV) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

EYE:USA

Address

2435 Commerce Avenue, Building 2200, Duluth, GA, USA, 30096

Website

https://www.nationalvision.com

National Vision Holdings Inc is an optical retailer in the U.S. Its product portfolio includes eyeglasses and sunglasses, contact lenses, accessories, and other products. The company has two operating segments; Owned and Host segment includes company-owned brands America's Best and Eyeglass World, In America's Best stores, vision care services are provided by optometrists or by independent professional corporations and Host operating consist of Military and Fred Meyer which provide eye exams by independent optometrists, and the Legacy segment manages the operations of, and supplies inventory and lab processing services to Legacy retail Vision Centers. It earns a majority of its revenue from the Owned and Host segment.

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