CVS Group (LSE:CVSG) ROCE % : 11.04% (As of Dec. 2023)

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What is CVS Group 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. CVS Group's annualized ROCE % for the quarter that ended in Dec. 2023 was 11.04%.

CVS Group ROCE % Historical Data

The historical data trend for CVS Group'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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CVS Group ROCE % Chart

CVS Group Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

ROCE %

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5.40

5.30

10.61

10.56

13.87

CVS Group 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															13.23	7.95	14.72	13.32	11.04

CVS Group ROCE % Calculation

CVS Group'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 )
	=	61.3	/	( ( (518.2 - 101.4)	+	(572.3 - 105.1) )	/ 2 )
	=	61.3	/	( (416.8	+	467.2)	/ 2 )
	=	61.3	/	442
	=	13.87 %

CVS Group'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 )
	=	56.4	/	( ( (572.3 - 105.1)	+	(660.8 - 106) )	/ 2 )
	=	56.4	/	( ( 467.2	+	554.8 )	/ 2 )
	=	56.4	/	511
	=	11.04 %

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

CVS Group (LSE:CVSG) 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.

CVS Group ROCE % Related Terms

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CVS Group (LSE:CVSG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Personal Services » CVS Group PLC (LSE:CVSG) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

CVSG.GB:UK 4C9:Germany

Address

Owen Road, CVS House, Diss, Norfolk, GBR, IP22 4ER

Website

https://www.cvsukltd.co.uk

CVS Group PLC is a veterinary service provider in the United Kingdom. The group operates through four business divisions; Veterinary Practices, Laboratories, Crematoria, and Online Retail Business. The veterinary practice segment generates majority of the revenues. The company facilitates its veterinary services through its diagnostics, laboratory reports, along pet cremation services. It also offers retail pharmacy through Animed Direct. Geographically, it generates the majority of the revenue from the United Kingdom and also operates in the Netherlands and Ireland.

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