Vittia (BSP:VITT3) ROCE % : 15.16% (As of Dec. 2023)

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What is Vittia 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. Vittia's annualized ROCE % for the quarter that ended in Dec. 2023 was 15.16%.

Vittia ROCE % Historical Data

The historical data trend for Vittia'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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Vittia ROCE % Chart

Vittia Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

ROCE %

38.65

20.53

31.82

20.45

Vittia Quarterly Data
	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial									7.28	12.05	-10.75	51.75	15.16

Vittia ROCE % Calculation

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

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2023 )		(A: Dec. 2022 )		(A: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2023 )		(A: Dec. 2022 )		(A: Dec. 2023 )
	=	134.26	/	( ( (958.471 - 293.204)	+	(925.757 - 277.657) )	/ 2 )
	=	134.26	/	( (665.267	+	648.1)	/ 2 )
	=	134.26	/	656.6835
	=	20.45 %

Vittia'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: Sep. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	102.312	/	( ( (916.569 - 214.644)	+	(925.757 - 277.657) )	/ 2 )
	=	102.312	/	( ( 701.925	+	648.1 )	/ 2 )
	=	102.312	/	675.0125
	=	15.16 %

(1) Note: The EBIT data used here is four times the quarterly (Dec. 2023) EBIT data.

Vittia (BSP:VITT3) 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.

Vittia ROCE % Related Terms

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Vittia (BSP:VITT3) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Agriculture » Vittia SA (BSP:VITT3) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Avenue Marginal Left, 2,000 Via Anhanguera Km 383, Sao Joaquim da Barra, SP, BRA, 14,600-000

Website

https://www.vittia.com.br

Vittia SA is a Brazilian biotech company (biopesticides and inoculants) that offers special plant nutrition with solutions for several agricultural crops. It engages in the production of high-tech inputs for agriculture and has several products in the Inoculants, Adjuvants, Acaricides, Soil Conditioners, Biological Pesticides (Macro and microorganisms), Foliar Fertilizer lines, Organomineral Fertilizers, Granulated Micronutrients for Soil and Salts for Agriculture and Livestock.

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