Elica SpA (LTS:0EA2) ROCE % : 5.97% (As of Dec. 2023)

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What is Elica SpA 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. Elica SpA's annualized ROCE % for the quarter that ended in Dec. 2023 was 5.97%.

Elica SpA ROCE % Historical Data

The historical data trend for Elica SpA'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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Elica SpA ROCE % Chart

Elica SpA Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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7.11

4.21

10.05

11.57

8.95

Elica SpA Semi-Annual Data
	Jun14	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															8.78	16.27	6.58	11.42	5.97

Elica SpA ROCE % Calculation

Elica SpA'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 )
	=	20.391	/	( ( (471.058 - 233.901)	+	(402.245 - 183.53) )	/ 2 )
	=	20.391	/	( (237.157	+	218.715)	/ 2 )
	=	20.391	/	227.936
	=	8.95 %

Elica SpA'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 )
	=	13.638	/	( ( (466.07 - 227.953)	+	(402.245 - 183.53) )	/ 2 )
	=	13.638	/	( ( 238.117	+	218.715 )	/ 2 )
	=	13.638	/	228.416
	=	5.97 %

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

Elica SpA (LTS:0EA2) 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.

Elica SpA ROCE % Related Terms

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Elica SpA (LTS:0EA2) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Furnishings, Fixtures & Appliances » Elica SpA (LTS:0EA2) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

ELC:Italy

Address

Via Ermanno Casoli No, 2, Fabriano, Ancona, ITA, 60044

Website

https://www.elica.com

Elica SpA is engaged in the design, manufacturing, and sale of kitchen range hoods for domestic use as well as design, manufacture, and sale of motors for central heating boilers. In addition, the company produces and sells hobs, ovens, and sterilizers. The company offers its products under the Elica, Gutmann, Turboair, Jetair, Ariafina, Arietta, Puti, and Fime brand names. Geographically the business activity functions through the region of Europe + CIS (Russia), America, and Asia, and the Rest of the World.

Elica SpA (LTS:0EA2) Headlines

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