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Aevis Victoria (XSWX:AEVS) ROIC % : -2.60% (As of Dec. 2023)


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What is Aevis Victoria ROIC %?

ROIC % measures how well a company generates cash flow relative to the capital it has invested in its business. It is also called ROC %. Aevis Victoria's annualized return on invested capital (ROIC %) for the quarter that ended in Dec. 2023 was -2.60%.

As of today (2024-05-16), Aevis Victoria's WACC % is 1.53%. Aevis Victoria's ROIC % is -1.26% (calculated using TTM income statement data). Aevis Victoria earns returns that do not match up to its cost of capital. It will destroy value as it grows.


Aevis Victoria ROIC % Historical Data

The historical data trend for Aevis Victoria's ROIC % 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.

Aevis Victoria ROIC % Chart

Aevis Victoria Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
ROIC %
Get a 7-Day Free Trial Premium Member Only Premium Member Only -0.97 -2.52 0.47 0.38 -1.25

Aevis Victoria Semi-Annual Data
Jun14 Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23
ROIC % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1.93 0.43 0.30 0.22 -2.60

Competitive Comparison of Aevis Victoria's ROIC %

For the Medical Care Facilities subindustry, Aevis Victoria's ROIC %, along with its competitors' market caps and ROIC % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Aevis Victoria's ROIC % Distribution in the Healthcare Providers & Services Industry

For the Healthcare Providers & Services industry and Healthcare sector, Aevis Victoria's ROIC % distribution charts can be found below:

* The bar in red indicates where Aevis Victoria's ROIC % falls into.



Aevis Victoria ROIC % Calculation

Aevis Victoria's annualized Return on Invested Capital (ROIC %) for the fiscal year that ended in Dec. 2023 is calculated as:

ROIC % (A: Dec. 2023 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (A: Dec. 2022 ) + Invested Capital (A: Dec. 2023 ))/ count )
=-21.646 * ( 1 - 3.9% )/( (1597.936 + 1723.122)/ 2 )
=-20.801806/1660.529
=-1.25 %

where

Invested Capital(A: Dec. 2022 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=1790.726 - 145.95 - ( 75.427 - max(0, 333.716 - 380.556+75.427))
=1597.936

Invested Capital(A: Dec. 2023 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=1855.73 - 148.114 - ( 80.706 - max(0, 370.331 - 354.825+80.706))
=1723.122

Aevis Victoria's annualized Return on Invested Capital (ROIC %) for the quarter that ended in Dec. 2023 is calculated as:

ROIC % (Q: Dec. 2023 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Jun. 2023 ) + Invested Capital (Q: Dec. 2023 ))/ count )
=-46.604 * ( 1 - 7.06% )/( (1613.275 + 1723.122)/ 2 )
=-43.3137576/1668.1985
=-2.60 %

where

Invested Capital(Q: Jun. 2023 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=1778.878 - 110.98 - ( 54.623 - max(0, 236.347 - 335.382+54.623))
=1613.275

Invested Capital(Q: Dec. 2023 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=1855.73 - 148.114 - ( 80.706 - max(0, 370.331 - 354.825+80.706))
=1723.122

Note: The Operating Income data used here is two times the semi-annual (Dec. 2023) 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.


Aevis Victoria  (XSWX:AEVS) ROIC % Explanation

ROIC % measures how well a company generates cash flow relative to the capital it has invested in its business. It is also called ROC %. The reason book values of debt and equity are used is because the book values are the capital the company received when issuing the debt or receiving the equity investments.

There are four key components to this definition. The first is the use of operating income or EBIT rather than net income in the numerator. The second is the tax adjustment to this operating income or EBIT, computed as a hypothetical tax based on an effective or marginal tax rate. The third is the use of book values for invested capital, rather than market values. The final is the timing difference; the capital invested is from the end of the prior year whereas the operating income or EBIT is the current year's number.

Why is ROIC % important?

Because it costs money to raise capital. A firm that generates higher returns on investment than it costs the company to raise the capital needed for that investment is earning excess returns. A firm that expects to continue generating positive excess returns on new investments in the future will see its value increase as growth increases, whereas a firm that earns returns that do not match up to its cost of capital will destroy value as it grows.

As of today, Aevis Victoria's WACC % is 1.53%. Aevis Victoria's ROIC % is -1.26% (calculated using TTM income statement data).


Be Aware

Like ROE % and ROA %, ROIC % is calculated with only 12 months of data. Fluctuations in the company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective.


Aevis Victoria ROIC % Related Terms

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Aevis Victoria (XSWX:AEVS) Business Description

Traded in Other Exchanges
Address
Rue Georges-Jordil 4, Fribourg, CHE, 1700
Aevis Victoria SA is a medical care company with five segments: Hospitals, Hospitality, Real Estate, Others, and Corporate. The Hospitals business segment operates private hospitals and clinics. The Hospitality business segment owns and operates hospitals. The Real Estate segment operates healthcare-related real estate properties. The Others segment provides ambulance services, such as urgent patient transport and hospital transfers. The Corporate segment operates other miscellaneous business activities. It generates the vast majority of its revenue in Switzerland. The company expects a further development in its healthcare, hospitality and real estate businesses.

Aevis Victoria (XSWX:AEVS) Headlines

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