Vow Green Metals AS (OSL:VGM) ROCE % : -11.36% (As of Dec. 2023)

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What is Vow Green Metals AS 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. Vow Green Metals AS's annualized ROCE % for the quarter that ended in Dec. 2023 was -11.36%.

Vow Green Metals AS ROCE % Historical Data

The historical data trend for Vow Green Metals AS'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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Vow Green Metals AS ROCE % Chart

Vow Green Metals AS Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

ROCE %

-15.18

-12.97

-17.85

Vow Green Metals AS Semi-Annual Data
	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
ROCE %	Get a 7-Day Free Trial			-30.33	16.80	-24.54	3.05	-11.36

Vow Green Metals AS ROCE % Calculation

Vow Green Metals AS'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 )
	=	-24.69	/	( ( (131.663 - 5.588)	+	(183.171 - 32.623) )	/ 2 )
	=	-24.69	/	( (126.075	+	150.548)	/ 2 )
	=	-24.69	/	138.3115
	=	-17.85 %

Vow Green Metals AS'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 )
	=	-66.98	/	( ( (1605.3 - 576.2)	+	(183.171 - 32.623) )	/ 2 )
	=	-66.98	/	( ( 1029.1	+	150.548 )	/ 2 )
	=	-66.98	/	589.824
	=	-11.36 %

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

Vow Green Metals AS (OSL:VGM) 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.

Vow Green Metals AS ROCE % Related Terms

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Vow Green Metals AS (OSL:VGM) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Waste Management » Vow Green Metals AS (OSL:VGM) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

9G5:Germany

Address

Lysaker Torg 12, Lysaker, NOR, 1366

Website

https://www.vowasa.com

Vow Green Metals AS is engaged in preventing pollution. The solutions of the company convert biomass and waste into valuable resources and generate clean energy for a wide range of industries.

Vow Green Metals AS (OSL:VGM) Headlines

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