Vassilico Cement Works PCL (CYS:VCW) ROCE % : 11.61% (As of Dec. 2023)

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What is Vassilico Cement Works PCL 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. Vassilico Cement Works PCL's annualized ROCE % for the quarter that ended in Dec. 2023 was 11.61%.

Vassilico Cement Works PCL ROCE % Historical Data

The historical data trend for Vassilico Cement Works PCL'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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Vassilico Cement Works PCL ROCE % Chart

Vassilico Cement Works PCL Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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8.59

6.98

6.94

5.58

11.38

Vassilico Cement Works PCL Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
ROCE %	Get a 7-Day Free Trial															6.53	4.38	6.74	10.66	11.61

Vassilico Cement Works PCL ROCE % Calculation

Vassilico Cement Works PCL'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 )
	=	32.424	/	( ( (296.728 - 15.968)	+	(304.062 - 14.911) )	/ 2 )
	=	32.424	/	( (280.76	+	289.151)	/ 2 )
	=	32.424	/	284.9555
	=	11.38 %

Vassilico Cement Works PCL'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 )
	=	34.038	/	( ( (316.409 - 19.224)	+	(304.062 - 14.911) )	/ 2 )
	=	34.038	/	( ( 297.185	+	289.151 )	/ 2 )
	=	34.038	/	293.168
	=	11.61 %

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

Vassilico Cement Works PCL (CYS:VCW) 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.

Vassilico Cement Works PCL ROCE % Related Terms

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Vassilico Cement Works PCL (CYS:VCW) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Building Materials » Vassilico Cement Works PCL (CYS:VCW) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

1A Kyriakos Matsis Avenue, 4th Floor, P.O. Box 22281, Nicosia, CYP, 1082

Website

https://www.vassiliko.com

Vassilico Cement Works PCL is the company whose principal business activities are the production of clinker and cement, which are distributed in the local and international markets. It manages queries for the extraction of raw materials which are used exclusively for the production of cement. The company generates the majority of its revenue from cement products and from the domestic market.

Vassilico Cement Works PCL (CYS:VCW) Headlines

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