Vestis (STU:6TS) ROCE % : 6.28% (As of Mar. 2024)

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What is Vestis 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. Vestis's annualized ROCE % for the quarter that ended in Mar. 2024 was 6.28%.

Vestis ROCE % Historical Data

The historical data trend for Vestis'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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Vestis ROCE % Chart

Vestis Annual Data

Trend

Sep20

Sep21

Sep22

Sep23

ROCE %

3.53

7.65

9.46

Vestis Quarterly Data
	Sep20	Sep21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial						7.06	9.05	16.26	6.81	6.28

Vestis ROCE % Calculation

Vestis's annualized ROCE % for the fiscal year that ended in Sep. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Sep. 2023 )		(A: Sep. 2022 )		(A: Sep. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Sep. 2023 )		(A: Sep. 2022 )		(A: Sep. 2023 )
	=	252.746	/	( ( (3164.342 - 406.217)	+	(2958.225 - 370.607) )	/ 2 )
	=	252.746	/	( (2758.125	+	2587.618)	/ 2 )
	=	252.746	/	2672.8715
	=	9.46 %

Vestis'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 )
	=	158.44	/	( ( (2899.321 - 361.119)	+	(2871.928 - 368.142) )	/ 2 )
	=	158.44	/	( ( 2538.202	+	2503.786 )	/ 2 )
	=	158.44	/	2520.994
	=	6.28 %

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

Vestis (STU:6TS) 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.

Vestis ROCE % Related Terms

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Vestis (STU:6TS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Vestis Corp (STU:6TS) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

VSTS:USA

Address

500 Colonial Center Parkway, Suite 140, Roswell, GA, USA, 30076

Website

https://www.aramarkuniform.com

Vestis Corp is a provider of uniform rentals and workplace supplies across the United States and Canada. It provides uniforms, mats, towels, linens, restroom supplies, first-aid supplies, safety products, and other workplace supplies. The Company serves customers ranging from small, family-owned operations with a single location to large corporations and national franchises with multiple locations. The company operates in the United States and Canada as reportable segments. The company earns the majority of its revenue from the United States.

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