Eligo SpA (MIL:ELG) ROCE % : -227.20% (As of Jun. 2023)

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What is Eligo 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. Eligo SpA's annualized ROCE % for the quarter that ended in Jun. 2023 was -227.20%.

Eligo SpA ROCE % Historical Data

The historical data trend for Eligo 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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Eligo SpA ROCE % Chart

Eligo SpA Annual Data

Trend

Dec21

Dec22

ROCE %

Eligo SpA Semi-Annual Data
	Dec21	Jun22	Dec22	Jun23
ROCE %	-	-	-	-227.20

Eligo SpA ROCE % Calculation

Eligo SpA's annualized ROCE % for the fiscal year that ended in Dec. 2022 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2022 )		(A: Dec. 2021 )		(A: Dec. 2022 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2022 )		(A: Dec. 2021 )		(A: Dec. 2022 )
	=	-0.952	/	( ( (0 - 0)	+	(0 - 1.082) )	/ 1 )
	=	-0.952	/	( (0	+	-1.082)	/ 1 )
	=	-0.952	/	-1.082
	=	87.99 %

Eligo SpA's ROCE % of for the quarter that ended in Jun. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jun. 2023 )		(Q: Dec. 2022 )		(Q: Jun. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jun. 2023 )		(Q: Dec. 2022 )		(Q: Jun. 2023 )
	=	-2.28	/	( ( (0 - 1.082)	+	(4.066 - 0.977) )	/ 2 )
	=	-2.28	/	( ( -1.082	+	3.089 )	/ 2 )
	=	-2.28	/	1.0035
	=	-227.20 %

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

Eligo SpA (MIL:ELG) 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.

Eligo SpA ROCE % Related Terms

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Eligo SpA (MIL:ELG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Furnishings, Fixtures & Appliances » Eligo SpA (MIL:ELG) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Via Marco D'Oggiono, 1, Milano, ITA

Website

https://www.eligo.it

Eligo SpA is dedicated to regaining the original roots of the timeless beauty of Italian, based on the imagination of craftsmen and the elegance of Italian design, with the mission of recapturing the original roots of its beauty. Eligo's partners include artisan's workshops, long-established italian companies, such as Berti Knives, Busatti Fabrics, and Valobra Soaps. The company's projects represent the key concepts of italian living and bring the brand vision into interior design projects.

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