GVS SpA (MIL:GVS) ROCE % : 7.37% (As of Dec. 2023)

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What is GVS 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. GVS SpA's annualized ROCE % for the quarter that ended in Dec. 2023 was 7.37%.

GVS SpA ROCE % Historical Data

The historical data trend for GVS 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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GVS SpA ROCE % Chart

GVS SpA Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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21.47

39.60

22.50

9.11

8.37

GVS SpA Quarterly Data
	Dec18	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial															-13.53	4.91	5.51	8.19	7.37

GVS SpA ROCE % Calculation

GVS 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 )
	=	51.375	/	( ( (993.049 - 536.567)	+	(983.123 - 212.37) )	/ 2 )
	=	51.375	/	( (456.482	+	770.753)	/ 2 )
	=	51.375	/	613.6175
	=	8.37 %

GVS 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: Sep. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	58.368	/	( ( (1007.958 - 194.774)	+	(983.123 - 212.37) )	/ 2 )
	=	58.368	/	( ( 813.184	+	770.753 )	/ 2 )
	=	58.368	/	791.9685
	=	7.37 %

(1) Note: The EBIT data used here is four times the quarterly (Dec. 2023) EBIT data.

GVS SpA (MIL:GVS) 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.

GVS SpA ROCE % Related Terms

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GVS SpA (MIL:GVS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » GVS SpA (MIL:GVS) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

0GV5:UK 4YQ:Germany

Address

Via Roma 50, Zola Predosa, Bologna, ITA, 40069

Website

https://www.gvs.com

GVS SpA is a manufacturer of filter solutions for applications in the Healthcare and Life Sciences, Energy and Mobility and Health and Safety sectors. Its products include healthcare liquid; healthcare air and gas; microfiltration; microbiology; environmental monitoring; disc and sheet membranes; molecular biology; technical documentation; fuel and diesel injector filters; ABS / ESP - braking filters; steering and transmission filters; fuel tank filters; ventilation membrane; throttle body; SCR tecnology - urea filter; among others.

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