Veste Estilo (BSP:VSTE) ROCE % : 4.39% (As of Dec. 2023)

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What is Veste Estilo 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. Veste Estilo's annualized ROCE % for the quarter that ended in Dec. 2023 was 4.39%.

Veste Estilo ROCE % Historical Data

The historical data trend for Veste Estilo'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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Veste Estilo ROCE % Chart

Veste Estilo Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-3.13

-50.26

-46.18

18.63

0.69

Veste Estilo Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial															78.33	2.24	-5.70	1.80	4.39

Veste Estilo ROCE % Calculation

Veste Estilo'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 )
	=	8.883	/	( ( (1591.681 - 375.533)	+	(1652.876 - 309.62) )	/ 2 )
	=	8.883	/	( (1216.148	+	1343.256)	/ 2 )
	=	8.883	/	1279.702
	=	0.69 %

Veste Estilo'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 )
	=	58.456	/	( ( (1684.477 - 367.362)	+	(1652.876 - 309.62) )	/ 2 )
	=	58.456	/	( ( 1317.115	+	1343.256 )	/ 2 )
	=	58.456	/	1330.1855
	=	4.39 %

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

Veste Estilo (BSP:VSTE) 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.

Veste Estilo ROCE % Related Terms

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Veste Estilo (BSP:VSTE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Veste SA Estilo (BSP:VSTE) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Rua Othão, 405, Sao Paulo, SP, BRA, 05313-020

Website

https://www.veste.com

Veste SA Estilo is engaged in apparel industry retailers and high-end accessories in Brazil. The Company's main objectives are: development, exploration of the industry, trade, import and export of clothing and clothing accessories and trading in decorative, hygiene and cosmetic objects, among others. It produces clothes, accessories, footwear, and articles for the home, always in line with contemporary lifestyle, bringing joy, elegance, and well-being to customers under its brands Le Lis, Dudalina, john john, Stew, and Individual. The company focuses on designing, developing, manufacturing, and trading apparel and accessories for women and men.

Veste Estilo (BSP:VSTE) Headlines

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