Vantea Smart SpA (MIL:VNT) ROCE % : 6.96% (As of Jun. 2023)

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What is Vantea Smart SpA 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. Vantea Smart SpA's annualized ROCE % for the quarter that ended in Jun. 2023 was 6.96%.

Vantea Smart SpA ROCE % Historical Data

The historical data trend for Vantea Smart SpA'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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Vantea Smart SpA ROCE % Chart

Vantea Smart SpA Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

ROCE %

29.88

13.30

8.05

8.84

Vantea Smart SpA Semi-Annual Data
	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
ROCE %	Get a 7-Day Free Trial			12.53	12.45	4.04	6.96	1.54

Vantea Smart SpA ROCE % Calculation

Vantea Smart SpA'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 )
	=	2.197	/	( ( (36.169 - 10)	+	(38.413 - 10.001) )	/ 2 )
	=	2.197	/	( (26.169	+	28.412)	/ 2 )
	=	2.197	/	27.2905
	=	8.05 %

Vantea Smart SpA'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 )
	=	1.85	/	( ( (38.413 - 10.001)	+	(36.181 - 11.441) )	/ 2 )
	=	1.85	/	( ( 28.412	+	24.74 )	/ 2 )
	=	1.85	/	26.576
	=	6.96 %

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

Vantea Smart SpA (MIL:VNT) 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.

Vantea Smart SpA ROCE % Related Terms

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Vantea Smart SpA (MIL:VNT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Vantea Smart SpA (MIL:VNT) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Via Tiburtina 1231, Rome, ITA, 00131

Website

https://www.vantea.com

Vantea Smart SpA is an Information Technology company that operates mainly in the Cybersecurity sector. It also offers consultancy in the field of System Integration and Software Development and Project development and Product development activities.