VF Alternative AD-Sofia (XBUL:VFAL) ROCE % : -3.63% (As of Mar. 2024)

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What is VF Alternative AD-Sofia 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. VF Alternative AD-Sofia's annualized ROCE % for the quarter that ended in Mar. 2024 was -3.63%.

VF Alternative AD-Sofia ROCE % Historical Data

The historical data trend for VF Alternative AD-Sofia'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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VF Alternative AD-Sofia ROCE % Chart

VF Alternative AD-Sofia Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

ROCE %

-3.29

7.60

2.48

-3.67

VF Alternative AD-Sofia Quarterly Data
	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial										21.06	-15.48	7.82	-	-3.63

VF Alternative AD-Sofia ROCE % Calculation

VF Alternative AD-Sofia'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 )
	=	-0.211	/	( ( (6.29 - 0.423)	+	(6.305 - 0.659) )	/ 2 )
	=	-0.211	/	( (5.867	+	5.646)	/ 2 )
	=	-0.211	/	5.7565
	=	-3.67 %

VF Alternative AD-Sofia's ROCE % of for the quarter that ended in Mar. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	-0.204	/	( ( (6.305 - 0.659)	+	(6.305 - 0.711) )	/ 2 )
	=	-0.204	/	( ( 5.646	+	5.594 )	/ 2 )
	=	-0.204	/	5.62
	=	-3.63 %

(1) Note: The EBIT data used here is four times the quarterly (Mar. 2024) EBIT data.

VF Alternative AD-Sofia (XBUL:VFAL) 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.

VF Alternative AD-Sofia ROCE % Related Terms

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VF Alternative AD-Sofia (XBUL:VFAL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » VF Alternative AD-Sofia (XBUL:VFAL) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

193 Georgi South Rakovski Street, Entrance A, 1st floor, Apartment 2, Sofia, BGR

Website

http://www.vfalternative.com

VF Alternative AD-Sofia operates as an alternative investment funds company. The company is engaged in investment and commercial transactions, sale and redemption of stakes or shares, advisory services on investment and commercial transactions.

VF Alternative AD-Sofia (XBUL:VFAL) Headlines

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