Voluntis (XPAR:ALVTX) ROCE % : -105.77% (As of Jun. 2021)

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What is Voluntis 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. Voluntis's annualized ROCE % for the quarter that ended in Jun. 2021 was -105.77%.

Voluntis ROCE % Historical Data

The historical data trend for Voluntis'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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Voluntis ROCE % Chart

Voluntis Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

ROCE %

-140.40

-706.95

-136.59

-99.86

-143.36

Voluntis Semi-Annual Data
	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21
ROCE %	Get a 7-Day Free Trial					-79.67	-114.17	-328.47	-130.95	-105.77

Voluntis ROCE % Calculation

Voluntis's annualized ROCE % for the fiscal year that ended in Dec. 2020 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2020 )		(A: Dec. 2019 )		(A: Dec. 2020 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2020 )		(A: Dec. 2019 )		(A: Dec. 2020 )
	=	-11.252	/	( ( (17.276 - 10.23)	+	(17.852 - 9.2) )	/ 2 )
	=	-11.252	/	( (7.046	+	8.652)	/ 2 )
	=	-11.252	/	7.849
	=	-143.36 %

Voluntis's ROCE % of for the quarter that ended in Jun. 2021 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jun. 2021 )		(Q: Dec. 2020 )		(Q: Jun. 2021 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jun. 2021 )		(Q: Dec. 2020 )		(Q: Jun. 2021 )
	=	-8.088	/	( ( (17.852 - 9.2)	+	(16.753 - 10.111) )	/ 2 )
	=	-8.088	/	( ( 8.652	+	6.642 )	/ 2 )
	=	-8.088	/	7.647
	=	-105.77 %

(1) Note: The EBIT data used here is two times the semi-annual (Jun. 2021) EBIT data.

Voluntis (XPAR:ALVTX) 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.

Voluntis ROCE % Related Terms

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Voluntis (XPAR:ALVTX) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » Voluntis SA (XPAR:ALVTX) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

58, Avenue de Wagram, Paris, FRA, 75017

Website

http://www.voluntis.com

Voluntis SA is engaged in developing patient-centric digital health solutions. The company offers digital solutions for diabetes, respiratory diseases, cancer, anticoagulation treatments, and haemophilia. The Company operates in a single segment: Development of therapeutic digital solutions based on its Theraxium platform.

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