Vonex (ASX:VN8) ROCE % : 13.43% (As of Dec. 2024)

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What is Vonex 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. Vonex's annualized ROCE % for the quarter that ended in Dec. 2024 was 13.43%.

Vonex ROCE % Historical Data

The historical data trend for Vonex'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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Vonex ROCE % Chart

Vonex Annual Data

Trend

Dec17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Jun24

ROCE %

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-10.71

-55.97

6.92

-111.23

13.61

Vonex Semi-Annual Data
	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24	Dec24
ROCE %	Get a 7-Day Free Trial										-146.20	-5.35	8.02	10.38	13.43

Vonex ROCE % Calculation

Vonex's annualized ROCE % for the fiscal year that ended in Jun. 2024 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Jun. 2024 )		(A: Jun. 2023 )		(A: Jun. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Jun. 2024 )		(A: Jun. 2023 )		(A: Jun. 2024 )
	=	1.806	/	( ( (36.431 - 34.118)	+	(35.321 - 11.095) )	/ 2 )
	=	1.806	/	( (2.313	+	24.226)	/ 2 )
	=	1.806	/	13.2695
	=	13.61 %

Vonex's ROCE % of for the quarter that ended in Dec. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2024 )		(Q: Jun. 2024 )		(Q: Dec. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2024 )		(Q: Jun. 2024 )		(Q: Dec. 2024 )
	=	1.686	/	( ( (35.321 - 11.095)	+	(33.853 - 32.973) )	/ 2 )
	=	1.686	/	( ( 24.226	+	0.88 )	/ 2 )
	=	1.686	/	12.553
	=	13.43 %

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

Vonex (ASX:VN8) 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.

Vonex ROCE % Related Terms

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Vonex Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Telecommunication Services » Vonex Ltd (ASX:VN8) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

303 Coronation Drive, Level 6, Milton, QLD, AUS, 4064

Website

https://www.vonex.com.au

Vonex Ltd is an Australia-based telecommunications company. The Company also provides a full range of traditional telecommunications products such as mobile and internet. Its wholesale customers, such as internet service providers, can access the core Vonex PBX, call termination services, hardware, mobile , and internet at wholesale rates via a white-label model. Vonex also delivers custom-built software solutions to wholesale customers to facilitate projects of scale. Geographically, the company has operations in Australia and the United States. It generates a vast majority of the revenues from the retail segment within Australia.

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