Vonovia SE (WBO:VNA) ROCE % : -16.33% (As of Dec. 2023)

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What is Vonovia SE 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. Vonovia SE's annualized ROCE % for the quarter that ended in Dec. 2023 was -16.33%.

Vonovia SE ROCE % Historical Data

The historical data trend for Vonovia SE'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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Vonovia SE ROCE % Chart

Vonovia SE Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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7.22

9.64

7.60

-0.02

-9.16

Vonovia SE Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial															-14.79	-12.73	-11.01	3.25	-16.33

Vonovia SE ROCE % Calculation

Vonovia SE'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 )
	=	-8369.6	/	( ( (101389.6 - 5475.9)	+	(91995.9 - 5138.9) )	/ 2 )
	=	-8369.6	/	( (95913.7	+	86857)	/ 2 )
	=	-8369.6	/	91385.35
	=	-9.16 %

Vonovia SE'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 )
	=	-14463.6	/	( ( (95602.2 - 5311.3)	+	(91995.9 - 5138.9) )	/ 2 )
	=	-14463.6	/	( ( 90290.9	+	86857 )	/ 2 )
	=	-14463.6	/	88573.95
	=	-16.33 %

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

Vonovia SE (WBO:VNA) 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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Vonovia SE (WBO:VNA) Business Description

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GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Vonovia SE (WBO:VNA) » Definitions » ROCE %

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VONOY:USA VNNVF:USA VNA:Mexico VNA:Italy VNAd:UK 0QFT:UK VNA:Germany

Address

Universitatsstrasse 133, Bochum, DEU, 44803

Website

https://www.vonovia.de

Vonovia SE is a residential real estate company based out of Germany. Vonovia owns and manages a multitude of residential units in many German cities and regions. The company makes long-term investments in the maintenance, modernization, and senior-friendly conversion of its properties. In addition to conducting property management, it handles financing, service, and coordination tasks. Furthermore, it is responsible for the control and monitoring systems as well as risk management. Operations are split into three units: rental, extension, and sales. Outside of extension and rental services, Vonovia's sales activities include managing its portfolio and real estate sales from any of its subportfolios.

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