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Vodafone Group ROCE %

: 4.47% (As of Sep. 2020)
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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. Vodafone Group's annualized ROCE % for the quarter that ended in Sep. 2020 was 4.47%.


Vodafone Group ROCE % Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

* Premium members only.

Vodafone Group Annual Data
Mar11 Mar12 Mar13 Mar14 Mar15 Mar16 Mar17 Mar18 Mar19 Mar20
ROCE % Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.82 3.68 4.97 -0.61 2.83

Vodafone Group Semi-Annual Data
Mar11 Sep11 Mar12 Sep12 Mar13 Sep13 Mar14 Sep14 Mar15 Sep15 Mar16 Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20
ROCE % 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 Premium Member Only Premium Member Only Premium Member Only -4.39 2.99 0.71 4.73 4.47

Vodafone Group ROCE % Calculation

Vodafone Group's annualized ROCE % for the fiscal year that ended in Mar. 2020 is calculated as:

ROCE %=EBIT/( (Capital Employed+Capital Employed)/ count )
(A: Mar. 2020 )  (A: Mar. 2019 )(A: Mar. 2020 )
=EBIT/( ( (Total Assets - Total Current Liabilities)+(Total Assets - Total Current Liabilities) )/ count )
(A: Mar. 2020 )  (A: Mar. 2019 )(A: Mar. 2020 )
=3979.0055248619/( ( (161425.98870056 - 28839.548022599) + (185820.99447514 - 37024.309392265) )/ 2 )
=3979.0055248619/( (132586.44067797+148796.68508287)/ 2 )
=3979.0055248619/140691.56288042
=2.83 %

Vodafone Group's ROCE % of for the quarter that ended in Sep. 2020 is calculated as:

ROCE %=EBIT/( (Capital Employed+Capital Employed)/ count )
(Q: Sep. 2020 )  (Q: Mar. 2020 )(Q: Sep. 2020 )
=EBIT/( ( (Total Assets - Total Current Liabilities)+(Total Assets - Total Current Liabilities) )/ count )
(Q: Sep. 2020 )  (Q: Mar. 2020 )(Q: Sep. 2020 )
=6767.9623085984/( ( (185820.99447514 - 37024.309392265) + (184760.89517079 - 30969.37573616) )/ 2 )
=6767.9623085984/( ( 148796.68508287 + 153791.51943463 )/ 2 )
=6767.9623085984/151294.10225875
=4.47 %

Note: The EBIT data used here is two times the semi-annual (Sep. 2020) EBIT data.

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.


Vodafone Group  (NAS:VOD) 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.


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