Vow ASA (FRA:213) ROCE % : -26.25% (As of Dec. 2023)

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What is Vow ASA 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. Vow ASA's annualized ROCE % for the quarter that ended in Dec. 2023 was -26.25%.

Vow ASA ROCE % Historical Data

The historical data trend for Vow ASA'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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Vow ASA ROCE % Chart

Vow ASA Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-1.39

8.52

52.69

4.90

-13.15

Vow ASA Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
ROCE %	Get a 7-Day Free Trial															77.56	9.78	0.05	1.83	-26.25

Vow ASA ROCE % Calculation

Vow ASA'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 )
	=	-9.796	/	( ( (138.77 - 62.745)	+	(133.438 - 60.473) )	/ 2 )
	=	-9.796	/	( (76.025	+	72.965)	/ 2 )
	=	-9.796	/	74.495
	=	-13.15 %

Vow ASA'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: Jun. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Jun. 2023 )		(Q: Dec. 2023 )
	=	-21.122	/	( ( (137.239 - 49.26)	+	(133.438 - 60.473) )	/ 2 )
	=	-21.122	/	( ( 87.979	+	72.965 )	/ 2 )
	=	-21.122	/	80.472
	=	-26.25 %

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

Vow ASA (FRA:213) 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.

Vow ASA ROCE % Related Terms

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Vow ASA (FRA:213) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Vow ASA (FRA:213) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

SSHPF:USA SSHIPo:Sweden VOW:Norway 0QTW:UK 213:Germany

Address

Lysaker Torg 12, Lysaker, NOR, 1366

Website

https://www.vowasa.com

Vow ASA designs, engineers, and provide solutions for waste management and wastewater purification to markets globaly. The company offers solutions such as wastewater purification, food and industrial waste processing, production of renewable materials and products, molecules, and fuels from organic waste and biomass, valorization of non-recyclable plastic and polymers, and sterilization of food and electrified high-temperature processing of minerals. Its solutions convert biomass and waste into valuable resources and generate clean energy for marine applications and land-based industries. The company's operating segment includes Projects; Aftersales and Landbased. It generates maximum revenue from the Projects segment and Geographically from Europe.

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