VNE SpA (MIL:VNE) ROCE % : 2.17% (As of Dec. 2022)

View and export this data going back to 2023. Start your Free Trial

What is VNE 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. VNE SpA's annualized ROCE % for the quarter that ended in Dec. 2022 was 2.17%.

VNE SpA ROCE % Historical Data

The historical data trend for VNE 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.

* Premium members only.

VNE SpA ROCE % Chart

VNE SpA Annual Data

Trend

Dec21

Dec22

ROCE %

1.39

2.17

VNE SpA Semi-Annual Data
	Dec21	Dec22
ROCE %	1.39	2.17

VNE SpA ROCE % Calculation

VNE 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 )
	=	0.371	/	( ( (18.611 - 5.987)	+	(30.379 - 8.836) )	/ 2 )
	=	0.371	/	( (12.624	+	21.543)	/ 2 )
	=	0.371	/	17.0835
	=	2.17 %

VNE SpA's ROCE % of for the quarter that ended in Dec. 2022 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2022 )		(Q: Dec. 2021 )		(Q: Dec. 2022 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2022 )		(Q: Dec. 2021 )		(Q: Dec. 2022 )
	=	0.371	/	( ( (18.611 - 5.987)	+	(30.379 - 8.836) )	/ 2 )
	=	0.371	/	( ( 12.624	+	21.543 )	/ 2 )
	=	0.371	/	17.0835
	=	2.17 %

(1) Note: The EBIT data used here is one times the annual (Dec. 2022) EBIT data.

VNE SpA (MIL:VNE) 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.

VNE SpA ROCE % Related Terms

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

VNE SpA (MIL:VNE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » VNE SpA (MIL:VNE) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Via Biagioni, 371 loc. Querceta, Seravezza (Lu), ITA, 55047

Website

https://www.vne.it

VNE SpA produces hardware and software for the management of banknotes, coins and more generally payments and transactions through cash and cashless systems, offering a wide range of customized products and boasting a production of over 7,000 machines a year. It creates, samples and produces all its appliances internally. The company offers consulting and commercial assistance all over the world through a stable and efficient operating network; moreover, it guarantees qualified and immediate maintenance and technical assistance anywhere on every type of machine. The main markets where the company operates internationally are gambling, retail & vending, casino & ticket and wherever there is a need to manage payments or automated transactions.