Vitec Software Group AB (LTS:0RDI) ROCE % : 9.47% (As of Sep. 2024)

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What is Vitec Software Group AB 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. Vitec Software Group AB's annualized ROCE % for the quarter that ended in Sep. 2024 was 9.47%.

Vitec Software Group AB ROCE % Historical Data

The historical data trend for Vitec Software Group AB'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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Vitec Software Group AB ROCE % Chart

Vitec Software Group AB Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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10.27

13.98

11.79

8.38

9.33

Vitec Software Group AB Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
ROCE %	Get a 7-Day Free Trial															8.57	8.89	8.55	10.66	9.47

Vitec Software Group AB ROCE % Calculation

Vitec Software Group AB's annualized ROCE % for the fiscal year that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2023 )		(A: Dec. 2022 )		(A: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2023 )		(A: Dec. 2022 )		(A: Dec. 2023 )
	=	567.007	/	( ( (6320.824 - 960.438)	+	(7829.344 - 1030.002) )	/ 2 )
	=	567.007	/	( (5360.386	+	6799.342)	/ 2 )
	=	567.007	/	6079.864
	=	9.33 %

Vitec Software Group AB's ROCE % of for the quarter that ended in Sep. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2024 )		(Q: Jun. 2024 )		(Q: Sep. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2024 )		(Q: Jun. 2024 )		(Q: Sep. 2024 )
	=	685.748	/	( ( (8171.937 - 1253.874)	+	(9088.756 - 1521.977) )	/ 2 )
	=	685.748	/	( ( 6918.063	+	7566.779 )	/ 2 )
	=	685.748	/	7242.421
	=	9.47 %

(1) Note: The EBIT data used here is four times the quarterly (Sep. 2024) EBIT data.

Vitec Software Group AB (LTS:0RDI) 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.

Vitec Software Group AB ROCE % Related Terms

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Vitec Software Group AB Business Description

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GURUFOCUS.COM » STOCK LIST » Technology » Software » Vitec Software Group AB (LTS:0RDI) » Definitions » ROCE %

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VIT B:Sweden VITBs:UK

Address

Tvistevagen 47A, Umea, SWE, 907 29

Website

https://www.vitecsoftware.com

Vitec Software Group AB is a software company in Vertical Market Software in the Nordic region. The company provides software for the pharmacy market, automotive and machine industry, banks and insurance companies, healthcare companies, real estate agents, and the education sector. Its segments comprise Auto, Energy, Real Estate, Finance and insurance, Environment, Estate Agents, and Education and health.

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