Vilniaus Baldai AB (OVSE:VBL1L) ROCE % : 18.95% (As of Feb. 2024)

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What is Vilniaus Baldai AB 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. Vilniaus Baldai AB's annualized ROCE % for the quarter that ended in Feb. 2024 was 18.95%.

Vilniaus Baldai AB ROCE % Historical Data

The historical data trend for Vilniaus Baldai AB'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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Vilniaus Baldai AB ROCE % Chart

Vilniaus Baldai AB Annual Data

Trend

Dec13

Dec14

Aug16

Aug17

Aug18

Aug19

Aug20

Aug21

Aug22

Aug23

ROCE %

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12.04

8.11

2.40

5.76

6.67

Vilniaus Baldai AB Quarterly Data
	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
ROCE %	Get a 7-Day Free Trial															-5.49	15.18	17.64	30.21	18.95

Vilniaus Baldai AB ROCE % Calculation

Vilniaus Baldai AB's annualized ROCE % for the fiscal year that ended in Aug. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Aug. 2023 )		(A: Aug. 2022 )		(A: Aug. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Aug. 2023 )		(A: Aug. 2022 )		(A: Aug. 2023 )
	=	4.194	/	( ( (84.827 - 21.889)	+	(81.451 - 18.648) )	/ 2 )
	=	4.194	/	( (62.938	+	62.803)	/ 2 )
	=	4.194	/	62.8705
	=	6.67 %

Vilniaus Baldai AB's ROCE % of for the quarter that ended in Feb. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Feb. 2024 )		(Q: Nov. 2023 )		(Q: Feb. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Feb. 2024 )		(Q: Nov. 2023 )		(Q: Feb. 2024 )
	=	12.928	/	( ( (87.488 - 20.464)	+	(84.16 - 14.768) )	/ 2 )
	=	12.928	/	( ( 67.024	+	69.392 )	/ 2 )
	=	12.928	/	68.208
	=	18.95 %

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

Vilniaus Baldai AB (OVSE:VBL1L) 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.

Vilniaus Baldai AB ROCE % Related Terms

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Vilniaus Baldai AB (OVSE:VBL1L) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Furnishings, Fixtures & Appliances » Vilniaus Baldai AB (OVSE:VBL1L) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Pramones street 23, Guopstu k., Traku r., Vilnius, LTU, 21148

Website

https://www.vilniausbaldai.lt

Vilniaus Baldai AB is a Lithuania-based manufacturer of lightweight construction cabinet furniture. It operates in one segment that is furniture which includes sales of raw materials and finished production. It derives the majority of its revenue from the sale of furniture in the European Union countries followed by non-European Union countries and Lithuania.

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