Vitreous Glass (TSXV:VCI) ROCE % : 73.83% (As of Mar. 2024)

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What is Vitreous Glass 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. Vitreous Glass's annualized ROCE % for the quarter that ended in Mar. 2024 was 73.83%.

Vitreous Glass ROCE % Historical Data

The historical data trend for Vitreous Glass'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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Vitreous Glass ROCE % Chart

Vitreous Glass Annual Data

Trend

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

ROCE %

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55.54

72.39

97.66

62.87

71.63

Vitreous Glass Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial															74.62	72.66	57.97	65.66	73.83

Vitreous Glass ROCE % Calculation

Vitreous Glass'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 )
	=	3.297	/	( ( (5.494 - 0.842)	+	(5.412 - 0.858) )	/ 2 )
	=	3.297	/	( (4.652	+	4.554)	/ 2 )
	=	3.297	/	4.603
	=	71.63 %

Vitreous Glass'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 )
	=	3.316	/	( ( (5.098 - 0.612)	+	(5.097 - 0.6) )	/ 2 )
	=	3.316	/	( ( 4.486	+	4.497 )	/ 2 )
	=	3.316	/	4.4915
	=	73.83 %

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

Vitreous Glass (TSXV:VCI) 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.

Vitreous Glass ROCE % Related Terms

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Vitreous Glass (TSXV:VCI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Waste Management » Vitreous Glass Inc (TSXV:VCI) » Definitions » ROCE %

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VCIGF:USA

Address

212 East Lake Boulevard, Airdrie, AB, CAN, T4A 0H5

Website

https://www.vitreousglass.ca

Vitreous Glass Inc cleans, crushes, and sells waste glass to the fiberglass manufacturing industry. The company also removes the contaminates and crushes the glass to sand and then this sand is sold to fiberglass insulation manufacturers as furnace ready cullet for use in their production facilities. Its sole source of revenue is generated by providing crushed glass to its customers.

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