V Technology Co (V Technology Co) ROCE % : -11.56% (As of Dec. 2023)

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What is V Technology 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. V Technology Co's annualized ROCE % for the quarter that ended in Dec. 2023 was -11.56%.

V Technology Co ROCE % Historical Data

The historical data trend for V Technology 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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V Technology Co ROCE % Chart

V Technology Co Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

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18.48

16.66

13.50

3.27

2.49

V Technology Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial															1.59	-3.18	-1.35	-11.56	26.18

V Technology Co ROCE % Calculation

V Technology Co's annualized ROCE % for the fiscal year that ended in Mar. 2024 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Mar. 2024 )		(A: Mar. 2023 )		(A: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Mar. 2024 )		(A: Mar. 2023 )		(A: Mar. 2024 )
	=	8.283	/	( ( (534.077 - 178.971)	+	(504.65 - 195.563) )	/ 2 )
	=	8.283	/	( (355.106	+	309.087)	/ 2 )
	=	8.283	/	332.0965
	=	2.49 %

V Technology Co'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 )
	=	-34.812	/	( ( (466.428 - 174.534)	+	(502.766 - 192.622) )	/ 2 )
	=	-34.812	/	( ( 291.894	+	310.144 )	/ 2 )
	=	-34.812	/	301.019
	=	-11.56 %

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

V Technology Co (OTCPK:VCHYF) 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.

V Technology Co ROCE % Related Terms

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V Technology Co (V Technology Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » V Technology Co Ltd (OTCPK:VCHYF) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

7717:Japan

Address

YBP East Tower 9F, 134 Godo-cho, Hodogaya-ku, Yokohama, JPN, 240-00005

Website

http://www.vtec.co.jp

V Technology Co Ltd is in the business of development, manufacturing marketing and service of the manufacturing system, inspection system, measurement system, macro inspection system and also flat panel display industry. The company is also engaged in development and sales of the systems for solar cell and liquid emitting displays manufacturing. Its products include smart phones, game consoles, inspection system, and laser scriber.

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