Vobile Group (HKSE:03738) ROCE % : 3.22% (As of Dec. 2023)

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What is Vobile Group 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. Vobile Group's annualized ROCE % for the quarter that ended in Dec. 2023 was 3.22%.

Vobile Group ROCE % Historical Data

The historical data trend for Vobile Group'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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Vobile Group ROCE % Chart

Vobile Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-10.20

12.70

0.40

9.79

5.60

Vobile Group Semi-Annual Data
	Dec14	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
ROCE %	Get a 7-Day Free Trial													-4.76	6.21	9.47	7.81	3.22

Vobile Group ROCE % Calculation

Vobile Group'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 )
	=	139.393	/	( ( (3260.325 - 1054.216)	+	(3506.108 - 736.727) )	/ 2 )
	=	139.393	/	( (2206.109	+	2769.381)	/ 2 )
	=	139.393	/	2487.745
	=	5.60 %

Vobile Group'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 )
	=	87.852	/	( ( (3409.677 - 724.246)	+	(3506.108 - 736.727) )	/ 2 )
	=	87.852	/	( ( 2685.431	+	2769.381 )	/ 2 )
	=	87.852	/	2727.406
	=	3.22 %

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

Vobile Group (HKSE:03738) 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.

Vobile Group ROCE % Related Terms

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Vobile Group (HKSE:03738) Business Description

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GURUFOCUS.COM » STOCK LIST » Technology » Software » Vobile Group Ltd (HKSE:03738) » Definitions » ROCE %

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VOBIF:USA

Address

1 Matheson Street, Suite 3712, 37th Floor, Tower 2, Times Square, Causeway Bay, Hong Kong, HKG

Website

https://www.vobilegroup.com

Vobile Group Ltd is a Saas provider of the technology service of digital content protection and monetization. It builds the essential technology infrastructure to support the distribution of global digital content assets. The company's products are VideoTracker, ReClaim, TV Ad Tracking, Online TVOD PPT, MediaWise, and Transaction-based SaaS business that includes content monetization platforms to enable revenue-sharing for conventional home video distribution through its conventional PPT platform.

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