Viskase (Viskase) ROCE % : 6.76% (As of Sep. 2023)

View and export this data going back to . Start your Free Trial

What is Viskase 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. Viskase's annualized ROCE % for the quarter that ended in Sep. 2023 was 6.76%.

Viskase ROCE % Historical Data

The historical data trend for Viskase'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.

* Premium members only.

Viskase ROCE % Chart

Viskase Annual Data

Trend

Dec09

Dec10

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

ROCE %

Get a 7-Day Free Trial

8.06

6.64

7.34

7.77

-0.65

Viskase Quarterly Data
	Sep14	Dec14	Mar15	Jun15	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Sep22	Sep23
ROCE %	Get a 7-Day Free Trial															3.01	-4.30	-0.30	-1.02	6.76

Viskase ROCE % Calculation

Viskase's annualized ROCE % for the fiscal year that ended in Dec. 2018 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2018 )		(A: Dec. 2017 )		(A: Dec. 2018 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2018 )		(A: Dec. 2017 )		(A: Dec. 2018 )
	=	-2.718	/	( ( (482.136 - 79.256)	+	(508.243 - 78.458) )	/ 2 )
	=	-2.718	/	( (402.88	+	429.785)	/ 2 )
	=	-2.718	/	416.3325
	=	-0.65 %

Viskase's ROCE % of for the quarter that ended in Sep. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2023 )		(Q: Sep. 2022 )		(Q: Sep. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2023 )		(Q: Sep. 2022 )		(Q: Sep. 2023 )
	=	23.296	/	( ( (0 - 0)	+	(455.788 - 111.304) )	/ 1 )
	=	23.296	/	( ( 0	+	344.484 )	/ 1 )
	=	23.296	/	344.484
	=	6.76 %

(1) Note: The EBIT data used here is four times the quarterly (Sep. 2023) EBIT data.

Viskase (OTCPK:VKSC) 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.

Viskase ROCE % Related Terms

Thank you for viewing the detailed overview of Viskase's ROCE % provided by GuruFocus.com. Please click on the following links to see related term pages.

Viskase (Viskase) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Packaging & Containers » Viskase Companies Inc (OTCPK:VKSC) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

333 East Butterfield Road, Suite 400, Lombard, IL, USA, 60148-5679

Website

https://www.viskase.com

Viskase Companies Inc together with its subsidiaries manufactures and distributes non-edible cellulosic food casings used to prepare and package processed meat products. It offers cellulose, fibrous, polyamide casings, and film under the brand NOJAX, VISCOAT, MOKE MASTER, COLOR MASTER, POLYJAX, and others. The company's geographical segments are located in North America, South America, Europe, and Asia. The majority of its revenue is derived from North America.

Viskase (Viskase) Headlines

From GuruFocus

Viskase Companies, Inc. - Special Call Transcript

By GuruFocus Research • 02-15-2024