VAGNF (Vegano Foods) ROCE % : -35.41% (As of Dec. 2023)

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What is Vegano Foods 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. Vegano Foods's annualized ROCE % for the quarter that ended in Dec. 2023 was -35.41%.

Vegano Foods ROCE % Historical Data

The historical data trend for Vegano Foods'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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Vegano Foods ROCE % Chart

Vegano Foods Annual Data

Trend

Dec20

ROCE %

Vegano Foods Quarterly Data
	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial					-499.17	-113.53	-891.70	-1,136.23	-35.41

Vegano Foods ROCE % Calculation

Vegano Foods's annualized ROCE % for the fiscal year that ended in Dec. 2020 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2020 )		(A: . 20 )		(A: Dec. 2020 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2020 )		(A: . 20 )		(A: Dec. 2020 )
	=		/	( ( ( - )	+	( - ) )	/ )
	=		/	( (	+	)	/ )
	=		/
	=	%

Vegano Foods'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: Sep. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	-0.088	/	( ( (0.56 - 0.302)	+	(0.566 - 0.327) )	/ 2 )
	=	-0.088	/	( ( 0.258	+	0.239 )	/ 2 )
	=	-0.088	/	0.2485
	=	-35.41 %

(1) Note: The EBIT data used here is four times the quarterly (Dec. 2023) EBIT data.

Vegano Foods (OTCPK:VAGNF) 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.

Vegano Foods ROCE % Related Terms

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Vegano Foods Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Vegano Foods Inc (OTCPK:VAGNF) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

1040 West Georgia Street, Unit 415, Vancouver, BC, CAN, V6E 4H1

Website

https://www.veganofoods.com

Vegano Foods Inc is plant-based food technology. The Company's principal activity relates to the sales and delivery of vegan meal kits to end customers. The company has built a technology platform to support the ordering and preparation of meal kits and proprietary branded food products, including sauces, proteins, and soups.

Vegano Foods Headlines

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