Varteks DD (ZAG:VART) ROCE % : 27.73% (As of Dec. 2023)

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What is Varteks DD 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. Varteks DD's annualized ROCE % for the quarter that ended in Dec. 2023 was 27.73%.

Varteks DD ROCE % Historical Data

The historical data trend for Varteks DD'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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Varteks DD ROCE % Chart

Varteks DD Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-1.49

-16.66

2.45

-9.31

-18.37

Varteks DD Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Dec23
ROCE %	Get a 7-Day Free Trial															-30.21	51.82	-28.12	-21.71	27.73

Varteks DD ROCE % Calculation

Varteks DD'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 )
	=	-2.318	/	( ( (34.124 - 18.537)	+	(33.309 - 23.66) )	/ 2 )
	=	-2.318	/	( (15.587	+	9.649)	/ 2 )
	=	-2.318	/	12.618
	=	-18.37 %

Varteks DD'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 )
	=	3.116	/	( ( (32.592 - 19.769)	+	(33.309 - 23.66) )	/ 2 )
	=	3.116	/	( ( 12.823	+	9.649 )	/ 2 )
	=	3.116	/	11.236
	=	27.73 %

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

Varteks DD (ZAG:VART) 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.

Varteks DD ROCE % Related Terms

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Varteks DD (ZAG:VART) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Varteks DD (ZAG:VART) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Zagreba?ka 94, Varazdin, HRV, 42000

Website

http://www.varteks.com

Varteks DD is a Croatia-based textiles and clothes producer. It is principally engaged in the manufacture and sale of fabrics and garments, as well as trading with clothes and accessories. It provides business and casual clothing, clothing for special occasions, and accessories under Di Caprio brand name; and fine and classic fabrics under the brand name of Varteks. The company also operates T.Lord custom-tailoring salons for menswear; and represents various brands, including Seventy, Navigare, Camel, Orljava, Galko, Samsonite, Lisca, Modea, Polzela, Croata, and San Peter.

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