INVL Technology UTIB (OVSE:INC1L) ROCE % : 2.61% (As of Jun. 2024)

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What is INVL Technology UTIB 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. INVL Technology UTIB's annualized ROCE % for the quarter that ended in Jun. 2024 was 2.61%.

INVL Technology UTIB ROCE % Historical Data

The historical data trend for INVL Technology UTIB'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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INVL Technology UTIB ROCE % Chart

INVL Technology UTIB Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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3.27

14.85

7.11

5.51

11.93

INVL Technology UTIB Semi-Annual Data
	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
ROCE %	Get a 7-Day Free Trial															6.73	4.43	-2.31	26.00	2.61

INVL Technology UTIB ROCE % Calculation

INVL Technology UTIB'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 )
	=	5.172	/	( ( (38.447 - 0.177)	+	(48.888 - 0.453) )	/ 2 )
	=	5.172	/	( (38.27	+	48.435)	/ 2 )
	=	5.172	/	43.3525
	=	11.93 %

INVL Technology UTIB's ROCE % of for the quarter that ended in Jun. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jun. 2024 )		(Q: Dec. 2023 )		(Q: Jun. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jun. 2024 )		(Q: Dec. 2023 )		(Q: Jun. 2024 )
	=	1.27	/	( ( (48.888 - 0.453)	+	(49.145 - 0.183) )	/ 2 )
	=	1.27	/	( ( 48.435	+	48.962 )	/ 2 )
	=	1.27	/	48.6985
	=	2.61 %

(1) Note: The EBIT data used here is two times the semi-annual (Jun. 2024) EBIT data.

INVL Technology UTIB (OVSE:INC1L) 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.

INVL Technology UTIB ROCE % Related Terms

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INVL Technology UTIB Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » INVL Technology UTIB (OVSE:INC1L) » Definitions » ROCE %

Comparable Companies

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N/A

Address

Gyneju Street 14, Vilnius, LTU, LT-01109

Website

https://www.invltechnology.lt

INVL Technology UTIB operates as a closed-end fund (CEF) that invests in and develops European IT businesses. The company is headquartered in Vilnius and listed on the Nasdaq Vilnius stock exchange. INVL Technology owns 3 company groups: Novian (a Baltic IT company), NRD Companies (a GovTech company) and NRD Cyber Security (a cyber security company). INVL Technology develops businesses in order to create value for shareholders. Geographically it operates in various countries in Europe, Central America, South and Southeast Asia, and Sub-Saharan Africa.

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