Vunani (JSE:VUN) ROCE % : 10.34% (As of Aug. 2023)

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What is Vunani 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. Vunani's annualized ROCE % for the quarter that ended in Aug. 2023 was 10.34%.

Vunani ROCE % Historical Data

The historical data trend for Vunani'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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Vunani ROCE % Chart

Vunani Annual Data

Trend

Dec13

Dec14

Feb16

Feb17

Feb18

Feb19

Feb20

Feb21

Feb22

Feb23

ROCE %

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22.55

9.77

1.84

12.82

10.87

Vunani Semi-Annual Data
	Jun13	Dec13	Jun14	Dec14	Jun15	Aug16	Feb17	Aug17	Feb18	Aug18	Feb19	Aug19	Feb20	Aug20	Feb21	Aug21	Feb22	Aug22	Feb23	Aug23
ROCE %	Get a 7-Day Free Trial															13.03	12.43	12.06	9.71	10.34

Vunani ROCE % Calculation

Vunani's annualized ROCE % for the fiscal year that ended in Feb. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Feb. 2023 )		(A: Feb. 2022 )		(A: Feb. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Feb. 2023 )		(A: Feb. 2022 )		(A: Feb. 2023 )
	=	107.162	/	( ( (1246.065 - 302.013)	+	(1360.006 - 332.556) )	/ 2 )
	=	107.162	/	( (944.052	+	1027.45)	/ 2 )
	=	107.162	/	985.751
	=	10.87 %

Vunani's ROCE % of for the quarter that ended in Aug. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Aug. 2023 )		(Q: Feb. 2023 )		(Q: Aug. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Aug. 2023 )		(Q: Feb. 2023 )		(Q: Aug. 2023 )
	=	107.976	/	( ( (1360.006 - 332.556)	+	(1403.802 - 342.881) )	/ 2 )
	=	107.976	/	( ( 1027.45	+	1060.921 )	/ 2 )
	=	107.976	/	1044.1855
	=	10.34 %

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

Vunani (JSE:VUN) 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.

Vunani ROCE % Related Terms

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Vunani (JSE:VUN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Vunani Ltd (JSE:VUN) » Definitions » ROCE %

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Address

151 Katherine Street, Vunani House, Vunani Office Park, Sandown, Sandton, Johannesburg, GT, ZAF, 2196

Website

https://www.vunanilimited.co.za

Vunani Ltd is a financial services company. The company has seven reportable segments fund management, asset administration, advisory services, institutional securities broking, and insurance. The fund management and other investment segments are geographically located in South Africa and, on a smaller scale, in Botswana. The institutional securities broking, commodities trading, asset administration and advisory services segments are geographically located in South Africa. The insurance segment, located in Eswatini, was acquired during the year.

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