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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. Vaso's annualized ROCE % for the quarter that ended in Mar. 2024 was -10.54%.
The historical data trend for Vaso'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.
Vaso Annual Data | |||||||||||||||||||||
Trend | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | |||||||||||
ROCE % | Get a 7-Day Free Trial | 3.96 | 5.28 | 32.78 | 21.45 | 11.54 |
Vaso 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 | 3.30 | 19.01 | 11.26 | 10.40 | -10.54 |
Vaso'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 ) | |||||
= | 4.955 | / | ( ( (71.645 - 31.506) | + | (75.757 - 30.04) ) | / 2 ) | |
= | 4.955 | / | ( (40.139 | + | 45.717) | / 2 ) | |
= | 4.955 | / | 42.928 | ||||
= | 11.54 % |
Vaso'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 ) | |||||
= | -4.632 | / | ( ( (75.757 - 30.04) | + | (69.444 - 27.275) ) | / 2 ) | |
= | -4.632 | / | ( ( 45.717 | + | 42.169 ) | / 2 ) | |
= | -4.632 | / | 43.943 | ||||
= | -10.54 % |
(1) Note: The EBIT data used here is four times the quarterly (Mar. 2024) EBIT data.
* 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.
Vaso (OTCPK:VASO) 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.
Thank you for viewing the detailed overview of Vaso's ROCE % provided by GuruFocus.com. Please click on the following links to see related term pages.
Leon Dembo | director | 137 COMMERCIAL STREET, SUITE 200, PLAINVIEW NY 11803 |
Janey Moen | director | 137 COMMERCIAL STREET, SUITE 200, PLAINVIEW NY 11803 |
Jun Ma | director | C/O VASOMEDICAL, INC., 180 LINDEN AVENUE, WESTBURY NY 11590 |
Edgar Rios | director | 1650 TYSONS BOULEVARD, SUITE 900, MCLEAN VA 22102 |
Michael Beecher | officer: Chief Financial Officer | C/O DIRECT INSITE CORP, 80 ORVILLE DRIVE, BOHEMIA NY 11716 |
Joshua Markowitz | director | 3131 PRINCETON PIKE, BLDG. 3D, SUITE 200, LAWRENCEVILLE NJ 08648 |
Jonathan P Newton | officer: Vice Pres Finance & Controller | 152 RICHMOND AVENUE, AMITYVILLE NY 11701 |
Peter C Castle | director | C/O NETWOLVES CORP, 4002 EISENHOWER BLVD, TEMPA FL 33634 |
David H Lieberman | director | 3061 INDUSTRY DR, LANCASTER PA 17603 |
Behnam Movaseghi | director | C/O KERNS MANUFACTURING CORPORATION, 37-14 29TH STREET, LONG ISLAND CITY NY 11101 |
Nelson Randall Hill | officer: Senior Vice President | 3880 EAST COUNTY HIGHWAY 30A, UNIT 201, SANTA ROSA BEACH FL 24159 |
William Edward Dempsey | director | 52 PARK AVENUE, SANDYMOUNT L2 DUBLIN 4 |
David Tarachand Singh | officer: Chief Financial Officer | C/O VASOMEDICAL, INC., 180 LINDEN AVENUE, WESTBURY NY 11590 |
Joseph Giacalone | director | |
Derek Enlander | director | 88C UNION AVENUE, CENTER MORICHES NY 11934 |
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