Vas AG (WBO:VAS) ROCE % : 5.11% (As of Dec. 2023)

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What is Vas AG 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. Vas AG's annualized ROCE % for the quarter that ended in Dec. 2023 was 5.11%.

Vas AG ROCE % Historical Data

The historical data trend for Vas AG'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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Vas AG ROCE % Chart

Vas AG Annual Data

Trend

Dec21

Dec22

Dec23

ROCE %

-56.67

11.62

5.11

Vas AG Semi-Annual Data
	Dec21	Dec22	Dec23
ROCE %	-56.67	11.62	5.11

Vas AG ROCE % Calculation

Vas AG'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 )
	=	0.169	/	( ( (3.457 - 0.191)	+	(3.469 - 0.124) )	/ 2 )
	=	0.169	/	( (3.266	+	3.345)	/ 2 )
	=	0.169	/	3.3055
	=	5.11 %

Vas AG'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: Dec. 2022 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Dec. 2022 )		(Q: Dec. 2023 )
	=	0.169	/	( ( (3.457 - 0.191)	+	(3.469 - 0.124) )	/ 2 )
	=	0.169	/	( ( 3.266	+	3.345 )	/ 2 )
	=	0.169	/	3.3055
	=	5.11 %

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

Vas AG (WBO:VAS) 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.

Vas AG ROCE % Related Terms

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Vas AG (WBO:VAS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » Vas AG (WBO:VAS) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Lagerhausstraße 6, Wals-Siezenheim, Salzburg, AUT, 5071

Website

https://www.vas.co.at

Vas AG is a one-stop provider of solid fuel combustion plants for generating heat and electricity. It engages in the development, planning, construction, and maintenance of hot water systems, thermal oil systems and steam plants.

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