Veolia Environnement (XTER:VVD) ROCE % : 7.62% (As of Jun. 2024)

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What is Veolia Environnement 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. Veolia Environnement's annualized ROCE % for the quarter that ended in Jun. 2024 was 7.62%.

Veolia Environnement ROCE % Historical Data

The historical data trend for Veolia Environnement'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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Veolia Environnement ROCE % Chart

Veolia Environnement Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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7.52

3.54

4.86

5.86

6.33

Veolia Environnement Semi-Annual Data
	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
ROCE %	Get a 7-Day Free Trial															5.25	5.27	6.61	6.12	7.62

Veolia Environnement ROCE % Calculation

Veolia Environnement'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 )
	=	2743	/	( ( (73304 - 29204)	+	(72566 - 30014) )	/ 2 )
	=	2743	/	( (44100	+	42552)	/ 2 )
	=	2743	/	43326
	=	6.33 %

Veolia Environnement's ROCE % of for the quarter that ended in Jun. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jun. 2024 )		(Q: Dec. 2023 )		(Q: Jun. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jun. 2024 )		(Q: Dec. 2023 )		(Q: Jun. 2024 )
	=	3186	/	( ( (72566 - 30014)	+	(71447 - 30419) )	/ 2 )
	=	3186	/	( ( 42552	+	41028 )	/ 2 )
	=	3186	/	41790
	=	7.62 %

(1) Note: The EBIT data used here is two times the semi-annual (Jun. 2024) EBIT data.

Veolia Environnement (XTER:VVD) 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.

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Veolia Environnement Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Waste Management » Veolia Environnement SA (XTER:VVD) » Definitions » ROCE %

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VEOEY:USA VEOEF:USA VIE:Mexico VIEp:UK 0NY8:UK VIE:France VIE:Austria

Address

30, rue Madeleine Vionnet, Aubervilliers, FRA, 93300

Website

https://www.veolia.com

Veolia is the largest water company globally and a leading player in France. It is also involved in waste management with significant exposure to France, the United Kingdom, Germany, the United States, and Australia. The third pillar of the group is energy services, giving the group significant exposure to Central Europe. Veolia started to refocus its activities in 2011, leading to the exit of almost half of its countries and its transport activity The integration of most activities of the historical rival Suez in 2022 drove an EBITDA increase of nearly 40%.

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