Vital Innovations Holdings (HKSE:06133) ROCE % : -3.17% (As of Jun. 2023)

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What is Vital Innovations Holdings 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. Vital Innovations Holdings's annualized ROCE % for the quarter that ended in Jun. 2023 was -3.17%.

Vital Innovations Holdings ROCE % Historical Data

The historical data trend for Vital Innovations Holdings'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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Vital Innovations Holdings ROCE % Chart

Vital Innovations Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-0.64

-16.40

-3.68

-2.99

-3.73

Vital Innovations Holdings Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
ROCE %	Get a 7-Day Free Trial															-4.10	-3.08	-3.02	-3.17	-4.33

Vital Innovations Holdings ROCE % Calculation

Vital Innovations Holdings's annualized ROCE % for the fiscal year that ended in Dec. 2022 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2022 )		(A: Dec. 2021 )		(A: Dec. 2022 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2022 )		(A: Dec. 2021 )		(A: Dec. 2022 )
	=	-18.68	/	( ( (784.345 - 118.865)	+	(692.822 - 106.929) )	/ 2 )
	=	-18.68	/	( (665.48	+	585.893)	/ 2 )
	=	-18.68	/	625.6865
	=	-2.99 %

Vital Innovations Holdings's ROCE % of for the quarter that ended in Jun. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jun. 2023 )		(Q: Dec. 2022 )		(Q: Jun. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jun. 2023 )		(Q: Dec. 2022 )		(Q: Jun. 2023 )
	=	-18.234	/	( ( (692.822 - 106.929)	+	(683.202 - 119.438) )	/ 2 )
	=	-18.234	/	( ( 585.893	+	563.764 )	/ 2 )
	=	-18.234	/	574.8285
	=	-3.17 %

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

Vital Innovations Holdings (HKSE:06133) 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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Vital Innovations Holdings (HKSE:06133) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Vital Innovations Holdings Ltd (HKSE:06133) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

No. 55 Jiachuang Second Road, Zone B, 7th Floor, Zhongguancun Science Park, OTPO-Merchatronics Industrial Park, Tongzhou District, Beijing, CHN, 101111

Website

http://www.vitalinno.com

Vital Innovations Holdings Ltd is an investment holding company. It operates in two segments: Trading of mobile telecommunication devices, which includes mobile telecommunication-related components and smart appliances; and Trading of AI and other equipment. Its geographical segments are Hong Kong, China, and Others, of which the majority of its revenue comes from Hong Kong.

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