Triple Pointome VCT (LSE:TPVA) ROCE % : 0.00% (As of Sep. 2022)

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What is Triple Pointome VCT 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. Triple Pointome VCT's annualized ROCE % for the quarter that ended in Sep. 2022 was 0.00%.

Triple Pointome VCT ROCE % Historical Data

The historical data trend for Triple Pointome VCT'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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Triple Pointome VCT ROCE % Chart

Triple Pointome VCT Annual Data

Trend

Mar13

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Mar22

ROCE %

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Triple Pointome VCT Semi-Annual Data
	Mar13	Sep13	Mar14	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22
ROCE %	Get a 7-Day Free Trial															-	-	-	-	-

Triple Pointome VCT ROCE % Calculation

Triple Pointome VCT's annualized ROCE % for the fiscal year that ended in Mar. 2022 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Mar. 2022 )		(A: Mar. 2021 )		(A: Mar. 2022 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Mar. 2022 )		(A: Mar. 2021 )		(A: Mar. 2022 )
	=	0	/	( ( (49.527 - 0.488)	+	(24.69 - 0.221) )	/ 2 )
	=	0	/	( (49.039	+	24.469)	/ 2 )
	=	0	/	36.754
	=	0.00 %

Triple Pointome VCT's ROCE % of for the quarter that ended in Sep. 2022 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2022 )		(Q: Mar. 2022 )		(Q: Sep. 2022 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2022 )		(Q: Mar. 2022 )		(Q: Sep. 2022 )
	=	0	/	( ( (24.69 - 0.221)	+	(25.989 - 0.194) )	/ 2 )
	=	0	/	( ( 24.469	+	25.795 )	/ 2 )
	=	0	/	25.132
	=	0.00 %

(1) Note: The EBIT data used here is two times the semi-annual (Sep. 2022) EBIT data.

Triple Pointome VCT (LSE:TPVA) 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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Triple Pointome VCT (LSE:TPVA) Business Description

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GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Triple Point Income VCT PLC (LSE:TPVA) » Definitions » ROCE %

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Address

1 King William Street, London, GBR, EC4N 7AF

Website

https://www.triplepoint.co.uk

Triple Point Income VCT PLC is a part of the financial services domain in the United Kingdom. It is a venture capital trust formed with the objective of capital preservation and payment of regular tax-free dividends to investors. The company's mission comprises three priorities, which are capital security, liquidity, and predictable returns. It has chosen to focus its investing activities towards companies involved in renewable energy, energy production, innovative vertical growing, and SME funding.

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