Love Group Global (ASX:LVE) ROCE % : 72.27% (As of Dec. 2023)

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What is Love Group Global 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. Love Group Global's annualized ROCE % for the quarter that ended in Dec. 2023 was 72.27%.

Love Group Global ROCE % Historical Data

The historical data trend for Love Group Global'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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Love Group Global ROCE % Chart

Love Group Global Annual Data

Trend

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

ROCE %

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99.55

-67.94

44.98

32.24

Love Group Global Semi-Annual Data
	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														67.46	22.24	58.51	5.93	72.27

Love Group Global ROCE % Calculation

Love Group Global's annualized ROCE % for the fiscal year that ended in Jun. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Jun. 2023 )		(A: Jun. 2022 )		(A: Jun. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Jun. 2023 )		(A: Jun. 2022 )		(A: Jun. 2023 )
	=	0.211	/	( ( (1.599 - 1.041)	+	(2.197 - 1.446) )	/ 2 )
	=	0.211	/	( (0.558	+	0.751)	/ 2 )
	=	0.211	/	0.6545
	=	32.24 %

Love Group Global'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 )
	=	0.684	/	( ( (2.197 - 1.446)	+	(2.281 - 1.139) )	/ 2 )
	=	0.684	/	( ( 0.751	+	1.142 )	/ 2 )
	=	0.684	/	0.9465
	=	72.27 %

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

Love Group Global (ASX:LVE) 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.

Love Group Global ROCE % Related Terms

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Love Group Global (ASX:LVE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Interactive Media » Love Group Global Ltd (ASX:LVE) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

99 St Georges Terrace, Level 8, Perth, WA, AUS, 6000

Website

https://www.lovegroup.co

Love Group Global Ltd is a dating platform. The company provides online dating services and matchmaking services. The company's online dating platform includes - Lovestruck, Date Tix, and Noonswoon applications. The operating business segments are Dating services and Corporate. The company generates maximum revenue from the Dating Services segment which offers online, events, and matchmaking services in Hong Kong, London, Singapore, and Thailand.

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