VIVHY (Vivendi SE) ROC % : -3.96% (As of Dec. 2024)

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What is Vivendi SE ROC %?

ROC % measures how well a company generates cash flow relative to the capital it has invested in its business. It is also called ROIC %. Vivendi SE's annualized return on capital (ROC %) for the quarter that ended in Dec. 2024 was -3.96%.

As of today (2025-03-13), Vivendi SE's WACC % is 3.22%. Vivendi SE's ROC % is -0.56% (calculated using TTM income statement data). Vivendi SE earns returns that do not match up to its cost of capital. It will destroy value as it grows.

Vivendi SE ROC % Historical Data

The historical data trend for Vivendi SE's ROC % 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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Vivendi SE ROC % Chart

Vivendi SE Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

ROC %

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0.68

2.80

2.74

-0.66

Vivendi SE Semi-Annual Data
	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24	Dec24
ROC %	Get a 7-Day Free Trial															1.95	1.93	0.64	1.56	-3.96

Vivendi SE ROC % Calculation

Vivendi SE's annualized Return on Capital (ROC %) for the fiscal year that ended in Dec. 2024 is calculated as:

	ROC % (A: Dec. 2024 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (A: Dec. 2023 )	+	Invested Capital (A: Dec. 2024 ))	/ count )
=	-142.408 * ( 1 - -1.67% )	/	( (34908.396	+	8868.063)	/ 2 )
=	-144.7862136	/	21888.2295
=	-0.66 %

where

	Invested Capital		(A: Dec. 2023 )
=	Total Assets	-	Accounts Payable & Accrued Expense	-	Excess Cash
=	Total Assets	-	Accounts Payable & Accrued Expense	-	( Cash, Cash Equivalents, Marketable Securities	-	max(0, Total Current Liabilities	-	Total Current Assets	+	Cash, Cash Equivalents, Marketable Securities	))
=	41713.195	-	10608.506	-	( 2393.675	-	max(0, 16034.896	-	12231.189	+	2393.675	))
=	34908.396

	Invested Capital		(A: Dec. 2024 )
=	Total Assets	-	Accounts Payable & Accrued Expense	-	Excess Cash
=	Total Assets	-	Accounts Payable & Accrued Expense	-	( Cash, Cash Equivalents, Marketable Securities	-	max(0, Total Current Liabilities	-	Total Current Assets	+	Cash, Cash Equivalents, Marketable Securities	))
=	8302.618	-	242.932	-	( 112.042	-	max(0, 1058.639	-	250.262	+	112.042	))
=	8868.063

Vivendi SE's annualized Return on Capital (ROC %) for the quarter that ended in Dec. 2024 is calculated as:

	ROC % (Q: Dec. 2024 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Jun. 2024 )	+	Invested Capital (Q: Dec. 2024 ))	/ count )
=	-1212.566 * ( 1 - 26.56% )	/	( (36102.26	+	8868.063)	/ 2 )
=	-890.5084704	/	22485.1615
=	-3.96 %

where

	Invested Capital		(Q: Jun. 2024 )
=	Total Assets	-	Accounts Payable & Accrued Expense	-	Excess Cash
=	Total Assets	-	Accounts Payable & Accrued Expense	-	( Cash, Cash Equivalents, Marketable Securities	-	max(0, Total Current Liabilities	-	Total Current Assets	+	Cash, Cash Equivalents, Marketable Securities	))
=	42143.165	-	10007.535	-	( 1229.279	-	max(0, 14336.921	-	10370.291	+	1229.279	))
=	36102.26

	Invested Capital		(Q: Dec. 2024 )
=	Total Assets	-	Accounts Payable & Accrued Expense	-	Excess Cash
=	Total Assets	-	Accounts Payable & Accrued Expense	-	( Cash, Cash Equivalents, Marketable Securities	-	max(0, Total Current Liabilities	-	Total Current Assets	+	Cash, Cash Equivalents, Marketable Securities	))
=	8302.618	-	242.932	-	( 112.042	-	max(0, 1058.639	-	250.262	+	112.042	))
=	8868.063

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

Vivendi SE (OTCPK:VIVHY) ROC % Explanation

ROC % measures how well a company generates cash flow relative to the capital it has invested in its business. It is also called ROIC %. The reason book values of debt and equity are used is because the book values are the capital the company received when issuing the debt or receiving the equity investments.

There are four key components to this definition. The first is the use of operating income or EBIT rather than net income in the numerator. The second is the tax adjustment to this operating income or EBIT, computed as a hypothetical tax based on an effective or marginal tax rate. The third is the use of book values for invested capital, rather than market values. The final is the timing difference; the capital invested is from the end of the prior year whereas the operating income or EBIT is the current year's number.

Why is ROC % important?

Because it costs money to raise capital. A firm that generates higher returns on investment than it costs the company to raise the capital needed for that investment is earning excess returns. A firm that expects to continue generating positive excess returns on new investments in the future will see its value increase as growth increases, whereas a firm that earns returns that do not match up to its cost of capital will destroy value as it grows.

As of today, Vivendi SE's WACC % is 3.22%. Vivendi SE's ROC % is -0.56% (calculated using TTM income statement data). Vivendi SE earns returns that do not match up to its cost of capital. It will destroy value as it grows.

Be Aware

Like ROE % and ROA %, ROC % is calculated with only 12 months of data. Fluctuations in the company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective.

Vivendi SE ROC % Related Terms

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Vivendi SE Business Description

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Address

42, Avenue de Friedland, Cedex 08, Paris, FRA, 75380

Website

https://www.vivendi.com

Vivendi SE is an integrated content, media and communications group. The company operates businesses throughout the media value chain, from talent discovery to the creation, production and distribution of content. The company now operates segments as Canal+ Group, Lagardere, Havas, Prisma Media, Gameloft, Vivendi Village, New Initiatives, Generosity and Solidarity Corporate. It derives maximum revenue from Canal+ Group. The company operates geographically in France, Rest of Europe , Americas, Africa and Asia/Oceania, out of which Africa derives key revenue.