Vonex (ASX:VN8) ROCE %

: 8.02% (As of Dec. 2023)

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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. 2023 was 8.02%.

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 Annual Data

Trend

Dec17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

ROCE %

-65.08

-10.71

-55.97

6.92

-111.23

Vonex Semi-Annual Data
	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
ROCE %								0.01	8.31	-146.20	-5.35	8.02

Vonex ROCE % Calculation

Vonex's annualized ROCE % for the fiscal year that ended in Jun. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Jun. 2023 )		(A: Jun. 2022 )		(A: Jun. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Jun. 2023 )		(A: Jun. 2022 )		(A: Jun. 2023 )
	=	-21.1	/	( ( (48.065 - 12.439)	+	(36.431 - 34.118) )	/ 2 )
	=	-21.1	/	( (35.626	+	2.313)	/ 2 )
	=	-21.1	/	18.9695
	=	-111.23 %

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

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2023 )		(Q: Jun. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Jun. 2023 )		(Q: Dec. 2023 )
	=	1.08	/	( ( (36.431 - 34.118)	+	(36.691 - 12.074) )	/ 2 )
	=	1.08	/	( ( 2.313	+	24.617 )	/ 2 )
	=	1.08	/	13.465
	=	8.02 %

(1) Note: The EBIT data used here is two times the semi-annual (Dec. 2023) 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 (ASX:VN8) 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. It is organized into three operating segments. The retail segment is engaged in the sale of hardware and telecommunication services including the provision of data, internet, voice (including IP voice), and other services; the Wholesale segment is engaged in offering wholesale white-label hosted PBX services under license for Internet Service Providers, Telco's and Cloud Vendors; and Corporate segment is engaged in managing the corporate affairs of the group, and special development projects such as the Oper8tor App. 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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