Syntec Optics Holdings (Syntec Optics Holdings) ROCE % : 15.65% (As of Jun. 2023)

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What is Syntec Optics 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. Syntec Optics Holdings's annualized ROCE % for the quarter that ended in Jun. 2023 was 15.65%.

Syntec Optics Holdings ROCE % Historical Data

The historical data trend for Syntec Optics 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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Syntec Optics Holdings ROCE % Chart

Syntec Optics Holdings Annual Data

Trend

Dec21

Dec22

ROCE %

22.65

-1.76

Syntec Optics Holdings Semi-Annual Data
	Dec21	Jun22	Dec22	Jun23
ROCE %	-	-0.85	-2.86	15.65

Syntec Optics Holdings ROCE % Calculation

Syntec Optics Holdings's annualized ROCE % for the fiscal year that ended in Dec. 2022 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2022 )		(A: Dec. 2021 )		(A: Dec. 2022 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2022 )		(A: Dec. 2021 )		(A: Dec. 2022 )
	=	-0.253	/	( ( (27.311 - 11.544)	+	(22.456 - 9.447) )	/ 2 )
	=	-0.253	/	( (15.767	+	13.009)	/ 2 )
	=	-0.253	/	14.388
	=	-1.76 %

Syntec Optics Holdings's ROCE % of for the quarter that ended in Jun. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jun. 2023 )		(Q: Dec. 2022 )		(Q: Jun. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jun. 2023 )		(Q: Dec. 2022 )		(Q: Jun. 2023 )
	=	2.022	/	( ( (22.456 - 9.447)	+	(23.351 - 10.523) )	/ 2 )
	=	2.022	/	( ( 13.009	+	12.828 )	/ 2 )
	=	2.022	/	12.9185
	=	15.65 %

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

Syntec Optics Holdings (NAS:OPTX) 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.

Syntec Optics Holdings ROCE % Related Terms

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Syntec Optics Holdings (Syntec Optics Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Syntec Optics Holdings Inc (NAS:OPTX) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

515 Lee Road, Rochester, NY, USA, 14606

Website

https://www.syntecoptics.com

Syntec Optics Holdings Inc is vertically integrated from design and component manufacturing for lens system assembly to imaging module integration for system solutions. Making its tools, molding, and nano machining allows close interaction and recut ability, enabling special techniques to hold tolerances to sub-micron levels. Syntec Optics has steadily developed a variety of other complementary manufacturing techniques to provide a wide suite of horizontal capabilities including thin film deposition coatings, glass molding, polymer molding, tool-making, mechanical manufacturing, and nano machining.

Executives

Brent David Rosenthal	director	C/O WR HUFF ASSET MANAGEMENT, 67 PARK PLACE, MORRISTOWN NJ 07960
Albert Manzone	director	C/O MERISANT, AVENUE JEAN-JACQUES ROUSSEAU 7, NEUCHATEL V8 CH-2000
Walter A. Bishop	director	813 REGENT DRIVE, WESTBURY NY 11590
Goldman Sachs & Co. Llc	10 percent owner	200 WEST STREET, NEW YORK NY 10282
Goldman Sachs Group Inc	10 percent owner	200 WEST STREET, NEW YORK NY 10282
Jeffrey A Altman	10 percent owner	640 FIFTH AVENUE, 20TH FLOOR, NEW YORK NY 10019
Owl Creek Asset Management, L.p.	10 percent owner	640 FIFTH AVENUE, 20TH FLOOR, NEW YORK NY 10019
Polar Asset Management Partners Inc.	10 percent owner	16 YORK STREET SUITE 2900, TORONTO A6 M5J 0E6
James M. Jenkins	director	1600 BAUSCH & LOMB PLACE, ROCHESTER NY 14604
Kent R Weldon	director	C/O THOMAS H. LEE PARTNERS, L.P., 100 FEDERAL STREET, 35TH FLOOR, BOSTON MA 02110
Brian F. Hughes	director	124 COLONIAL RIDGE DRIVE, HADDONFIELD NJ 08033
Mark D Norman	director	C/O ZIPCAR, INC., 25 FIRST STREET, 4TH FLOOR, CAMBRIDGE MA 02141
Skylar Jacobs	officer: Chief Operating Officer	1 IRVING TERRACE, CAMBRIDGE MA 02138
Nelson Robert O Ii	officer: CFO and Secretary	29 HIDDEN ROAD, WESTON MA 02493
Alok Kapoor	director, 10 percent owner, officer: Chairman and CEO	157 BEAVER, WESTON MA 02493

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