Vantage Towers AG (HAM:VTWR) ROCE % : 5.79% (As of Mar. 2023)

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What is Vantage Towers AG 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. Vantage Towers AG's annualized ROCE % for the quarter that ended in Mar. 2023 was 5.79%.

Vantage Towers AG ROCE % Historical Data

The historical data trend for Vantage Towers AG'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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Vantage Towers AG ROCE % Chart

Vantage Towers AG Annual Data

Trend

Mar21

Mar22

Mar23

ROCE %

2.68

5.42

6.03

Vantage Towers AG Semi-Annual Data
	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23
ROCE %	Get a 7-Day Free Trial			3.51	5.27	5.72	5.68	5.79

Vantage Towers AG ROCE % Calculation

Vantage Towers AG's annualized ROCE % for the fiscal year that ended in Mar. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Mar. 2023 )		(A: Mar. 2022 )		(A: Mar. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Mar. 2023 )		(A: Mar. 2022 )		(A: Mar. 2023 )
	=	540.7	/	( ( (10721.6 - 733.8)	+	(11035.8 - 3098.6) )	/ 2 )
	=	540.7	/	( (9987.8	+	7937.2)	/ 2 )
	=	540.7	/	8962.5
	=	6.03 %

Vantage Towers AG's ROCE % of for the quarter that ended in Mar. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2023 )		(Q: Sep. 2022 )		(Q: Mar. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2023 )		(Q: Sep. 2022 )		(Q: Mar. 2023 )
	=	516.6	/	( ( (10723.8 - 822.5)	+	(11035.8 - 3098.6) )	/ 2 )
	=	516.6	/	( ( 9901.3	+	7937.2 )	/ 2 )
	=	516.6	/	8919.25
	=	5.79 %

(1) Note: The EBIT data used here is two times the semi-annual (Mar. 2023) EBIT data.

Vantage Towers AG (HAM:VTWR) 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.

Vantage Towers AG ROCE % Related Terms

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Vantage Towers AG (HAM:VTWR) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Vantage Towers AG (HAM:VTWR) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

VTAGY:USA

Address

Prinzenallee 11-13, Dusseldorf, NW, DEU, 40549

Website

https://www.vantagetowers.com

Vantage is the tower arm of Vodafone, spun off in 2021. Vantage fully owns 45,000 towers in Germany, Spain, Greece, and other European countries. Vantage also owns stakes in Inwit (22,000 towers, Vantage owns 33% stake), the Italian tower operator resulting from the merger of Vodafone and Telecom Italia's towers in the region, and Cornerstone (14,000 towers, 50% stake) a tower joint venture in the U.K. with Telefonica.

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