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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. ViewBix's annualized ROCE % for the quarter that ended in Sep. 2024 was -16.44%.
The historical data trend for ViewBix'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.
ViewBix Annual Data | |||||||||||||||||||||
Trend | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | |||||||||||
ROCE % | Get a 7-Day Free Trial | - | - | 8.12 | 7.37 | -26.30 |
ViewBix Quarterly Data | ||||||||||||||||||||
Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | Mar24 | Jun24 | Sep24 | |
ROCE % | Get a 7-Day Free Trial | -21.72 | -93.93 | -17.92 | -121.32 | -16.44 |
ViewBix'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 ) | |||||
= | -7.716 | / | ( ( (63.695 - 28.522) | + | (43.282 - 19.773) ) | / 2 ) | |
= | -7.716 | / | ( (35.173 | + | 23.509) | / 2 ) | |
= | -7.716 | / | 29.341 | ||||
= | -26.30 % |
ViewBix's ROCE % of for the quarter that ended in Sep. 2024 is calculated as:
ROCE % | = | EBIT (1) | / | ( (Capital Employed | + | Capital Employed) | / count ) |
(Q: Sep. 2024 ) | (Q: Jun. 2024 ) | (Q: Sep. 2024 ) | |||||
= | EBIT | / | ( ( (Total Assets - Total Current Liabilities) | + | (Total Assets - Total Current Liabilities) ) | / count ) | |
(Q: Sep. 2024 ) | (Q: Jun. 2024 ) | (Q: Sep. 2024 ) | |||||
= | -2.332 | / | ( ( (30.008 - 15.502) | + | (30.801 - 16.931) ) | / 2 ) | |
= | -2.332 | / | ( ( 14.506 | + | 13.87 ) | / 2 ) | |
= | -2.332 | / | 14.188 | ||||
= | -16.44 % |
(1) Note: The EBIT data used here is four times the quarterly (Sep. 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.
ViewBix (OTCPK:VBIX) 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 ViewBix's ROCE % provided by GuruFocus.com. Please click on the following links to see related term pages.
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