Vianet Group (LSE:VNET) ROCE % : 1.59% (As of Sep. 2023)

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What is Vianet 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. Vianet Group's annualized ROCE % for the quarter that ended in Sep. 2023 was 1.59%.

Vianet Group ROCE % Historical Data

The historical data trend for Vianet 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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Vianet Group ROCE % Chart

Vianet Group Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

ROCE %

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9.70

8.85

-9.54

-0.13

2.44

Vianet Group Semi-Annual Data
	Mar14	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
ROCE %	Get a 7-Day Free Trial															-1.86	1.63	-0.01	4.93	1.59

Vianet Group ROCE % Calculation

Vianet Group's annualized ROCE % for the fiscal year that ended in Mar. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Mar. 2023 )		(A: Mar. 2022 )		(A: Mar. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Mar. 2023 )		(A: Mar. 2022 )		(A: Mar. 2023 )
	=	0.688	/	( ( (33.326 - 5.318)	+	(32.776 - 4.343) )	/ 2 )
	=	0.688	/	( (28.008	+	28.433)	/ 2 )
	=	0.688	/	28.2205
	=	2.44 %

Vianet Group'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: Mar. 2023 )		(Q: Sep. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2023 )		(Q: Mar. 2023 )		(Q: Sep. 2023 )
	=	0.47	/	( ( (32.776 - 4.343)	+	(33.733 - 3.148) )	/ 2 )
	=	0.47	/	( ( 28.433	+	30.585 )	/ 2 )
	=	0.47	/	29.509
	=	1.59 %

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

Vianet Group (LSE:VNET) 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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Vianet Group (LSE:VNET) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Vianet Group PLC (LSE:VNET) » Definitions » ROCE %

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Address

One Surtees Way, Surtees Business Park, Stockton on Tees, GBR, TS18 3HR

Website

http://www.vianetplc.com

Vianet Group PLC is a provider of actionable management information and business insight created by combining data from the smart Internet of Things solutions and external information sources. Smart Zones include Data insight and actionable data services as well as design, product development, sale and rental of fluid monitoring equipment. The business of the group is divided into two divisions: Smart Machines and Smart Zones. It generates maximum revenue from the Smart Zones segment. Geographically, it derives maximum of the revenue from the United Kingdom and has a presence in the Rest of Europe and the United States/Canada.