Virtus Investment Partners (FRA:VIP) ROCE % : 10.69% (As of Mar. 2024)

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What is Virtus Investment Partners 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. Virtus Investment Partners's annualized ROCE % for the quarter that ended in Mar. 2024 was 10.69%.

Virtus Investment Partners ROCE % Historical Data

The historical data trend for Virtus Investment Partners'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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Virtus Investment Partners ROCE % Chart

Virtus Investment Partners Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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9.53

7.83

12.39

7.22

9.99

Virtus Investment Partners 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															9.58	10.61	11.37	11.31	10.69

Virtus Investment Partners ROCE % Calculation

Virtus Investment Partners'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 )
	=	335.008	/	( ( (3731.57 - 264.234)	+	(3373.303 - 134.405) )	/ 2 )
	=	335.008	/	( (3467.336	+	3238.898)	/ 2 )
	=	335.008	/	3353.117
	=	9.99 %

Virtus Investment Partners'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 )
	=	340	/	( ( (3373.303 - 134.405)	+	(3264.275 - 139.953) )	/ 2 )
	=	340	/	( ( 3238.898	+	3124.322 )	/ 2 )
	=	340	/	3181.61
	=	10.69 %

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

Virtus Investment Partners (FRA:VIP) 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.

Virtus Investment Partners ROCE % Related Terms

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Virtus Investment Partners (FRA:VIP) Business Description

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VRTS:USA

Address

One Financial Plaza, Hartford, CT, USA, 06103

Website

https://www.virtus.com

Virtus Investment Partners Inc provides investment management and related services to individuals and institutions. Its retail products include open-end mutual funds, closed-end funds, exchange-traded funds, and variable insurance funds. Geographically, the activities are carried out through the region of the US and the group generates revenue through investment management fees, distribution and service fees and administration and shareholder service fees.

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