Invibes Advertising NV (XPAR:ALINV) ROCE % : 7.82% (As of Dec. 2023)

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What is Invibes Advertising NV 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. Invibes Advertising NV's annualized ROCE % for the quarter that ended in Dec. 2023 was 7.82%.

Invibes Advertising NV ROCE % Historical Data

The historical data trend for Invibes Advertising NV'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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Invibes Advertising NV ROCE % Chart

Invibes Advertising NV Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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10.37

-8.62

2.57

-41.24

2.79

Invibes Advertising NV Semi-Annual Data
	Dec14	Dec15	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
ROCE %	Get a 7-Day Free Trial												5.19	-15.68	-48.27	-2.30	7.82

Invibes Advertising NV ROCE % Calculation

Invibes Advertising NV'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 )
	=	0.694	/	( ( (37.808 - 13.168)	+	(38.342 - 13.186) )	/ 2 )
	=	0.694	/	( (24.64	+	25.156)	/ 2 )
	=	0.694	/	24.898
	=	2.79 %

Invibes Advertising NV'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: Jun. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Jun. 2023 )		(Q: Dec. 2023 )
	=	1.96	/	( ( (35.552 - 10.553)	+	(38.342 - 13.186) )	/ 2 )
	=	1.96	/	( ( 24.999	+	25.156 )	/ 2 )
	=	1.96	/	25.0775
	=	7.82 %

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

Invibes Advertising NV (XPAR:ALINV) 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.

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Invibes Advertising NV (XPAR:ALINV) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Invibes Advertising NV (XPAR:ALINV) » Definitions » ROCE %

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Address

REIGERSTRAAT 8, GHENT, BEL, 9000

Website

https://www.invibes.com

Invibes Advertising NV is a digital advertising services provider. It offers advertisers communication solutions tailored to users' experiences on media websites. It considers operating in a single sector, digital advertising services.

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