Vantage Equities (PHS:V) ROCE % : 11.27% (As of Mar. 2024)

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What is Vantage Equities 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. Vantage Equities's annualized ROCE % for the quarter that ended in Mar. 2024 was 11.27%.

Vantage Equities ROCE % Historical Data

The historical data trend for Vantage Equities'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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Vantage Equities ROCE % Chart

Vantage Equities Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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8.68

4.72

5.07

0.63

6.54

Vantage Equities Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial															16.97	-4.94	5.25	8.82	11.27

Vantage Equities ROCE % Calculation

Vantage Equities'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 )
	=	748.452	/	( ( (11426.64 - 270.195)	+	(11978.471 - 245.702) )	/ 2 )
	=	748.452	/	( (11156.445	+	11732.769)	/ 2 )
	=	748.452	/	11444.607
	=	6.54 %

Vantage Equities's ROCE % of for the quarter that ended in Mar. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	1342.044	/	( ( (11978.471 - 245.702)	+	(12346.312 - 266.08) )	/ 2 )
	=	1342.044	/	( ( 11732.769	+	12080.232 )	/ 2 )
	=	1342.044	/	11906.5005
	=	11.27 %

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

Vantage Equities (PHS:V) 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.

Vantage Equities ROCE % Related Terms

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Vantage Equities (PHS:V) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Vantage Equities Inc (PHS:V) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

5th Avenue corner 28th Street, 15th Floor, Philippine Stock Exchange, Bonifacio Global City, Metro Manila, Taguig, PHL, 1605

Website

https://www.vantage.com.ph

Vantage Equities Inc is a Philippines-based investment and financial holding company. The business of the company is to invest, hold and use for investment shares of capital stock, bonds, debentures, promissory notes, or other securities or obligations created, negotiated, or issued by any corporation, association, or other entities. It performs its operations under three business segments comprising Investment holdings, Remittance services, and Mutual fund management. The company derives the maximum revenue from the Remittance services segment.