Vitura Health (ASX:VIT) ROCE % : 11.99% (As of Dec. 2024)

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What is Vitura Health 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. Vitura Health's annualized ROCE % for the quarter that ended in Dec. 2024 was 11.99%.

Vitura Health ROCE % Historical Data

The historical data trend for Vitura Health'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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Vitura Health ROCE % Chart

Vitura Health Annual Data

Trend

Jun19

Jun20

Jun21

Jun22

Jun23

Jun24

ROCE %

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-24.04

-31.20

50.71

60.79

13.37

Vitura Health Semi-Annual Data
	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24	Dec24
ROCE %	Get a 7-Day Free Trial						71.49	52.00	23.18	2.67	11.99

Vitura Health ROCE % Calculation

Vitura Health's annualized ROCE % for the fiscal year that ended in Jun. 2024 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Jun. 2024 )		(A: Jun. 2023 )		(A: Jun. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Jun. 2024 )		(A: Jun. 2023 )		(A: Jun. 2024 )
	=	5.612	/	( ( (46.896 - 10.87)	+	(71.283 - 23.359) )	/ 2 )
	=	5.612	/	( (36.026	+	47.924)	/ 2 )
	=	5.612	/	41.975
	=	13.37 %

Vitura Health's ROCE % of for the quarter that ended in Dec. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2024 )		(Q: Jun. 2024 )		(Q: Dec. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2024 )		(Q: Jun. 2024 )		(Q: Dec. 2024 )
	=	6.088	/	( ( (71.283 - 23.359)	+	(70.792 - 17.166) )	/ 2 )
	=	6.088	/	( ( 47.924	+	53.626 )	/ 2 )
	=	6.088	/	50.775
	=	11.99 %

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

Vitura Health (ASX:VIT) 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.

Vitura Health ROCE % Related Terms

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Vitura Health Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Vitura Health Ltd (ASX:VIT) » Definitions » ROCE %

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1CE0:Germany

Address

299 Toorak Road, Suite 8, Level 3, South Yarra, VIC, AUS, 3141

Website

https://www.vitura.com.au

Vitura Health Ltd is focused on creating medicinal cannabis products and digital health solutions that connect and strengthen the ecosystem between patients, prescribers, pharmacists, and suppliers. The company has two business segments namely, Sales and distribution (involving the sale and distribution of medical products including medicinal cannabis, psychedelic drugs, and smoking cessation products) and Clinics and services (involving the operation of medicinal cannabis clinics and the provision of related services). The company generates the majority of its revenue from the Sales and distribution segment. Geographically the company generates the majority of its revenue from Australia.

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