Vladimir Chemical Plant PJSC (MIC:VLHZ) ROCE % : 49.39% (As of Jun. 2023)

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What is Vladimir Chemical Plant PJSC 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. Vladimir Chemical Plant PJSC's annualized ROCE % for the quarter that ended in Jun. 2023 was 49.39%.

Vladimir Chemical Plant PJSC ROCE % Historical Data

The historical data trend for Vladimir Chemical Plant PJSC'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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Vladimir Chemical Plant PJSC ROCE % Chart

Vladimir Chemical Plant PJSC Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

ROCE %

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7.90

-4.34

20.65

17.35

26.20

Vladimir Chemical Plant PJSC Semi-Annual Data
	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
ROCE %	Get a 7-Day Free Trial															35.83	12.88	14.16	32.61	49.39

Vladimir Chemical Plant PJSC ROCE % Calculation

Vladimir Chemical Plant PJSC's annualized ROCE % for the fiscal year that ended in Dec. 2022 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2022 )		(A: Dec. 2021 )		(A: Dec. 2022 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2022 )		(A: Dec. 2021 )		(A: Dec. 2022 )
	=	188.408	/	( ( (1329.174 - 427.858)	+	(1207.324 - 670.23) )	/ 2 )
	=	188.408	/	( (901.316	+	537.094)	/ 2 )
	=	188.408	/	719.205
	=	26.20 %

Vladimir Chemical Plant PJSC's ROCE % of for the quarter that ended in Jun. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jun. 2023 )		(Q: Dec. 2022 )		(Q: Jun. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jun. 2023 )		(Q: Dec. 2022 )		(Q: Jun. 2023 )
	=	338.23	/	( ( (1207.324 - 670.23)	+	(1385.688 - 553.084) )	/ 2 )
	=	338.23	/	( ( 537.094	+	832.604 )	/ 2 )
	=	338.23	/	684.849
	=	49.39 %

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

Vladimir Chemical Plant PJSC (MIC:VLHZ) 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.

Vladimir Chemical Plant PJSC ROCE % Related Terms

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Vladimir Chemical Plant PJSC (MIC:VLHZ) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Vladimir Chemical Plant PJSC (MIC:VLHZ) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

81 Bolshaya Nizhegorodskaya Street, Vladimir, RUS, 600000

Website

http://www.vhz.su

Vladimir Chemical Plant PJSC is engaged in producing Polyvinylchloride materials. The company also produces polyethers. Its products include Plasticized granulated polyvinylchloride and PVC sheet materials, PET films and fiberglass goods.

Vladimir Chemical Plant PJSC (MIC:VLHZ) Headlines

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