Viavi Solutions (FRA:UNS1) ROCE % : 6.65% (As of Dec. 2023)

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What is Viavi Solutions 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. Viavi Solutions's annualized ROCE % for the quarter that ended in Dec. 2023 was 6.65%.

Viavi Solutions ROCE % Historical Data

The historical data trend for Viavi Solutions'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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Viavi Solutions ROCE % Chart

Viavi Solutions Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

ROCE %

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4.98

8.20

10.00

6.78

5.68

Viavi Solutions 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															-0.87	3.64	6.86	6.65	-2.07

Viavi Solutions ROCE % Calculation

Viavi Solutions's annualized ROCE % for the fiscal year that ended in Jun. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Jun. 2023 )		(A: Jun. 2022 )		(A: Jun. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Jun. 2023 )		(A: Jun. 2022 )		(A: Jun. 2023 )
	=	78.732	/	( ( (1729.193 - 349.358)	+	(1708.012 - 317.051) )	/ 2 )
	=	78.732	/	( (1379.835	+	1390.961)	/ 2 )
	=	78.732	/	1385.398
	=	5.68 %

Viavi Solutions's ROCE % of for the quarter that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	93.532	/	( ( (1688.568 - 291.313)	+	(1702.135 - 286.196) )	/ 2 )
	=	93.532	/	( ( 1397.255	+	1415.939 )	/ 2 )
	=	93.532	/	1406.597
	=	6.65 %

(1) Note: The EBIT data used here is four times the quarterly (Dec. 2023) EBIT data.

Viavi Solutions (FRA:UNS1) 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.

Viavi Solutions ROCE % Related Terms

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Viavi Solutions (FRA:UNS1) Business Description

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GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Viavi Solutions Inc (FRA:UNS1) » Definitions » ROCE %

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VIAV:USA

Address

1445 South Spectrum Boulevard, Suite 102, Chandler, AZ, USA, 85286

Website

https://www.viavisolutions.com

Viavi Solutions Inc. is a global provider of network test, monitoring and assurance solutions to communications service providers, enterprises, network equipment manufacturers, civil government, military and avionics customers. The company also offers high-performance thin-film optical coatings, providing light management solutions to anti-counterfeiting, 3D sensing, electronics, automotive, defense and instrumentation markets. Its operating segments include Network Enablement, Service Enablement, and Optical Security and Performance Products. Geographically, it derives a majority of revenue from the United States.

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