Vegetable Oil Industries Co (XPAE:VOIC) ROCE % : 8.68% (As of Dec. 2023)

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What is Vegetable Oil Industries 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. Vegetable Oil Industries Co's annualized ROCE % for the quarter that ended in Dec. 2023 was 8.68%.

Vegetable Oil Industries Co ROCE % Historical Data

The historical data trend for Vegetable Oil Industries 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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Vegetable Oil Industries Co ROCE % Chart

Vegetable Oil Industries Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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15.94

14.42

22.87

14.23

13.32

Vegetable Oil Industries Co Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial															11.97	11.33	15.54	18.06	8.68

Vegetable Oil Industries Co ROCE % Calculation

Vegetable Oil Industries Co'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 )
	=	9.117	/	( ( (77.668 - 9.094)	+	(76.996 - 8.724) )	/ 2 )
	=	9.117	/	( (68.574	+	68.272)	/ 2 )
	=	9.117	/	68.423
	=	13.32 %

Vegetable Oil Industries 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 )
	=	5.788	/	( ( (74.647 - 9.631)	+	(76.996 - 8.724) )	/ 2 )
	=	5.788	/	( ( 65.016	+	68.272 )	/ 2 )
	=	5.788	/	66.644
	=	8.68 %

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

Vegetable Oil Industries Co (XPAE:VOIC) 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.

Vegetable Oil Industries Co ROCE % Related Terms

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Vegetable Oil Industries Co (XPAE:VOIC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Vegetable Oil Industries Co Ltd (XPAE:VOIC) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Al-Zoyoot Street, Eastern Industrial Zone, P.O. Box 95, Nablus, PSE

Website

https://www.voic.ps

Vegetable Oil Industries Co Ltd is engaged in the production of oil and ghee. The company produces two categories of products from Palm, Coconut, Corn, Soybean and Sunflower Oils namely: Vegetable Ghee and Shortening and Liquid Vegetable Oils. Its products include Al Ghazalein Oil, Al Aseel, Al Mumtaz, Al Kawakeb Ghee, Nabateen Ghee, Gazal Ghee, and Reem Oil.

Vegetable Oil Industries Co (XPAE:VOIC) Headlines

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