Victorias Milling Co (PHS:VMC) ROCE % : 12.23% (As of Feb. 2024)

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What is Victorias Milling Co 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. Victorias Milling Co's annualized ROCE % for the quarter that ended in Feb. 2024 was 12.23%.

Victorias Milling Co ROCE % Historical Data

The historical data trend for Victorias Milling Co'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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Victorias Milling Co ROCE % Chart

Victorias Milling Co Annual Data

Trend

Aug14

Aug15

Aug16

Aug17

Aug18

Aug19

Aug20

Aug21

Aug22

Aug23

ROCE %

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13.82

12.17

9.51

11.02

15.66

Victorias Milling Co Quarterly Data
	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
ROCE %	Get a 7-Day Free Trial															9.64	27.89	-7.74	10.93	12.23

Victorias Milling Co ROCE % Calculation

Victorias Milling Co's annualized ROCE % for the fiscal year that ended in Aug. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Aug. 2023 )		(A: Aug. 2022 )		(A: Aug. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Aug. 2023 )		(A: Aug. 2022 )		(A: Aug. 2023 )
	=	1767.08	/	( ( (11344.992 - 751.03)	+	(13543.683 - 1573.162) )	/ 2 )
	=	1767.08	/	( (10593.962	+	11970.521)	/ 2 )
	=	1767.08	/	11282.2415
	=	15.66 %

Victorias Milling Co's ROCE % of for the quarter that ended in Feb. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Feb. 2024 )		(Q: Nov. 2023 )		(Q: Feb. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Feb. 2024 )		(Q: Nov. 2023 )		(Q: Feb. 2024 )
	=	1521.764	/	( ( (14231.63 - 1945.989)	+	(14398.653 - 1797.716) )	/ 2 )
	=	1521.764	/	( ( 12285.641	+	12600.937 )	/ 2 )
	=	1521.764	/	12443.289
	=	12.23 %

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

Victorias Milling Co (PHS:VMC) 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.

Victorias Milling Co ROCE % Related Terms

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Victorias Milling Co (PHS:VMC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Victorias Milling Co Inc (PHS:VMC) » Definitions » ROCE %

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Traded in Other Exchanges

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Address

J.J. Ossorio Street, VMC Compound, Barangay XVI, Victorias, NEC, PHL, 6119

Website

https://www.victoriasmilling.com

Victorias Milling Co Inc is a Philippines-based company engaged in sugar manufacturing. The company also focuses on producing and selling canned sardines, hot Bangus, mackerel, luncheon meat, and other meat products. It is also involved in developing and selling real estate properties, operating golf clubs, and other activities. The company operates in business segments that are Sugar Milling, Distillery Operations, Power Generation and others. The Sugar Milling segment generates maximum revenue for the company.