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Vantage Energy Acquisition (Vantage Energy Acquisition) ROCE % : -1.74% (As of Dec. 2018)


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What is Vantage Energy Acquisition 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. Vantage Energy Acquisition's annualized ROCE % for the quarter that ended in Dec. 2018 was -1.74%.

Vantage Energy Acquisition ROCE % Historical Data

The historical data trend for Vantage Energy Acquisition'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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Vantage Energy Acquisition ROCE % Chart

Vantage Energy Acquisition Annual Data
Trend Dec17 Dec18
ROCE %
- -0.70

Vantage Energy Acquisition Quarterly Data
Feb17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18
ROCE % Get a 7-Day Free Trial - -0.16 -0.66 -0.25 -1.74

Vantage Energy Acquisition ROCE % Calculation

Vantage Energy Acquisition's annualized ROCE % for the fiscal year that ended in Dec. 2018 is calculated as:

ROCE %=EBIT/( (Capital Employed+Capital Employed)/ count )
(A: Dec. 2018 )  (A: Dec. 2017 )(A: Dec. 2018 )
=EBIT/( ( (Total Assets - Total Current Liabilities)+(Total Assets - Total Current Liabilities) )/ count )
(A: Dec. 2018 )  (A: Dec. 2017 )(A: Dec. 2018 )
=-3.919/( ( (554.943 - 0.162) + (562.313 - 3.484) )/ 2 )
=-3.919/( (554.781+558.829)/ 2 )
=-3.919/556.805
=-0.70 %

Vantage Energy Acquisition's ROCE % of for the quarter that ended in Dec. 2018 is calculated as:

ROCE %=EBIT (1)/( (Capital Employed+Capital Employed)/ count )
(Q: Dec. 2018 )  (Q: Sep. 2018 )(Q: Dec. 2018 )
=EBIT/( ( (Total Assets - Total Current Liabilities)+(Total Assets - Total Current Liabilities) )/ count )
(Q: Dec. 2018 )  (Q: Sep. 2018 )(Q: Dec. 2018 )
=-9.728/( ( (559.826 - 1.038) + (562.313 - 3.484) )/ 2 )
=-9.728/( ( 558.788 + 558.829 )/ 2 )
=-9.728/558.8085
=-1.74 %

(1) Note: The EBIT data used here is four times the quarterly (Dec. 2018) EBIT data.

* 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.

Vantage Energy Acquisition  (NAS:VEAC) 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.

Vantage Energy Acquisition ROCE % Related Terms

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Vantage Energy Acquisition (Vantage Energy Acquisition) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Industrials » Conglomerates » Vantage Energy Acquisition Corp (NAS:VEAC) » Definitions » ROCE %
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Traded in Other Exchanges
N/A
Address
5221 N. O’Connor Boulevard, 11th Floor, Irving, TX, USA, 75039
Website
Vantage Energy Acquisition Corp is a blank check company.