LU-VE SpA (MIL:LUVE) ROCE % : 11.23% (As of Sep. 2023)

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What is LU-VE 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. LU-VE SpA's annualized ROCE % for the quarter that ended in Sep. 2023 was 11.23%.

LU-VE SpA ROCE % Historical Data

The historical data trend for LU-VE 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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LU-VE SpA ROCE % Chart

LU-VE SpA Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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6.66

3.66

7.76

13.72

19.38

LU-VE SpA Quarterly Data
	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial															3.61	8.31	11.29	11.23	7.61

LU-VE SpA ROCE % Calculation

LU-VE 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 )
	=	67.655	/	( ( (712.571 - 301.633)	+	(831.109 - 255.889) )	/ 2 )
	=	67.655	/	( (410.938	+	575.22)	/ 2 )
	=	67.655	/	493.079
	=	13.72 %

LU-VE SpA's ROCE % of for the quarter that ended in Sep. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2023 )		(Q: Jun. 2023 )		(Q: Sep. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2023 )		(Q: Jun. 2023 )		(Q: Sep. 2023 )
	=	59.332	/	( ( (822.308 - 282.069)	+	(768.31 - 252.262) )	/ 2 )
	=	59.332	/	( ( 540.239	+	516.048 )	/ 2 )
	=	59.332	/	528.1435
	=	11.23 %

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

LU-VE SpA (MIL:LUVE) 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.

LU-VE SpA ROCE % Related Terms

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LU-VE SpA (MIL:LUVE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » LU-VE SpA (MIL:LUVE) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

V92:Germany

Address

Via Caduti della Liberazione, 53, Uboldo, Varese, ITA, 21040

Website

https://www.luvegroup.com

LU-VE SpA manufactures and markets refrigeration and air conditioning products in Italy. Its products include commercial unit coolers, industrial unit coolers, air coolers, tubeless steel condensers, dry coolers, accessories, and special products. The company offers its products for industrial and commercial refrigeration, air conditioning, energy, power, industrial, and other applications. The company's segment includes Cooling Systems SBU and Components SBU. It generates maximum revenue from the Components SBU segment.

LU-VE SpA (MIL:LUVE) Headlines

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