VEOM Group (STU:2AW1) ROCE % : -11.18% (As of Dec. 2023)

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What is VEOM Group 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. VEOM Group's annualized ROCE % for the quarter that ended in Dec. 2023 was -11.18%.

VEOM Group ROCE % Historical Data

The historical data trend for VEOM Group'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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VEOM Group ROCE % Chart

VEOM Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-16.51

3.33

-11.44

22.76

-13.56

VEOM Group Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
ROCE %	Get a 7-Day Free Trial															-3.33	-13.20	39.65	-19.39	-11.18

VEOM Group ROCE % Calculation

VEOM Group'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 )
	=	-2.758	/	( ( (31.952 - 8.944)	+	(25.837 - 8.172) )	/ 2 )
	=	-2.758	/	( (23.008	+	17.665)	/ 2 )
	=	-2.758	/	20.3365
	=	-13.56 %

VEOM Group's ROCE % of for the quarter that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2023 )		(Q: Jun. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Jun. 2023 )		(Q: Dec. 2023 )
	=	-1.828	/	( ( (28.233 - 13.196)	+	(25.837 - 8.172) )	/ 2 )
	=	-1.828	/	( ( 15.037	+	17.665 )	/ 2 )
	=	-1.828	/	16.351
	=	-11.18 %

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

VEOM Group (STU:2AW1) 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.

VEOM Group ROCE % Related Terms

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VEOM Group (STU:2AW1) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » VEOM Group (STU:2AW1) » Definitions » ROCE %

Traded in Other Exchanges

ALVG:France 2AW1:Germany

Address

93, Place Pierre Duhem, Montpellier, FRA, 34000

Website

https://www.veomgroup.com

VEOM Group formerly Cabasse Group is a provider of Smart Home products and services. The company's products are classified under smart audio; home automation; and security and electricity that consists of range of security solutions such as cameras, videophones, alarms, detectors connected to a single ecosystem as well as a wide range of essential electrical accessories for the home such as cords, plugs, sockets, cables.

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