Leone Film Group SpA (MIL:LFG) ROCE % : 3.23% (As of Dec. 2023)

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What is Leone Film Group 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. Leone Film Group SpA's annualized ROCE % for the quarter that ended in Dec. 2023 was 3.23%.

Leone Film Group SpA ROCE % Historical Data

The historical data trend for Leone Film Group 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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Leone Film Group SpA ROCE % Chart

Leone Film Group SpA Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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3.03

0.38

7.76

5.06

3.57

Leone Film Group 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															11.77	4.35	6.24	3.71	3.23

Leone Film Group SpA ROCE % Calculation

Leone Film Group 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 )
	=	3.898	/	( ( (211.195 - 96.849)	+	(189.6 - 85.307) )	/ 2 )
	=	3.898	/	( (114.346	+	104.293)	/ 2 )
	=	3.898	/	109.3195
	=	3.57 %

Leone Film Group 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 )
	=	3.54	/	( ( (211.601 - 96.713)	+	(189.6 - 85.307) )	/ 2 )
	=	3.54	/	( ( 114.888	+	104.293 )	/ 2 )
	=	3.54	/	109.5905
	=	3.23 %

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

Leone Film Group SpA (MIL:LFG) 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.

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Leone Film Group SpA (MIL:LFG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Leone Film Group SpA (MIL:LFG) » Definitions » ROCE %

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N/A

Address

Via Burma, 74/76, Rome, ITA, 00144

Website

http://www.leonefilmgroup.com

Leone Film Group SpA is an independent film and audiovisual production and distribution company. It is engaged in the production and distribution of films. The Company owns and controls library of films of Sergio Leone Italy, as well as holds right in the co-owned films of MGM and United Artists Paramount.