Volvere (LSE:VLE) ROCE % : 17.13% (As of Dec. 2023)

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What is Volvere 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. Volvere's annualized ROCE % for the quarter that ended in Dec. 2023 was 17.13%.

Volvere ROCE % Historical Data

The historical data trend for Volvere'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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Volvere ROCE % Chart

Volvere Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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0.74

-1.14

3.07

6.42

9.83

Volvere 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															7.31	2.35	10.58	2.70	17.13

Volvere ROCE % Calculation

Volvere'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 )
	=	3.808	/	( ( (44.122 - 6.437)	+	(45.411 - 5.586) )	/ 2 )
	=	3.808	/	( (37.685	+	39.825)	/ 2 )
	=	3.808	/	38.755
	=	9.83 %

Volvere'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 )
	=	6.604	/	( ( (43.368 - 6.084)	+	(45.411 - 5.586) )	/ 2 )
	=	6.604	/	( ( 37.284	+	39.825 )	/ 2 )
	=	6.604	/	38.5545
	=	17.13 %

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

Volvere (LSE:VLE) 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.

Volvere ROCE % Related Terms

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Volvere (LSE:VLE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Volvere PLC (LSE:VLE) » Definitions » ROCE %

Comparable Companies

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N/A

Address

Tachbrook Road, Shire House, Leamington Spa, Warwickshire, GBR, CV31 3SF

Website

https://www.volvere.co.uk

Volvere PLC is a holding company that invests in companies that require growth capital. It identifies and invests in undervalued and distressed businesses and securities as well as complementary businesses to the existing group. Its business is organized into Food Manufacturing and Investing and management services. Food Manufacturing consists of the manufacturing of frozen pies, and other pastry products for retailers and food service customers and the company also provides investment and management services. The company generates its revenue from the UK.

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