LAVA Therapeutics NV (FRA:4PKB) ROCE % : -9.05% (As of Mar. 2024)

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What is LAVA Therapeutics NV 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. LAVA Therapeutics NV's annualized ROCE % for the quarter that ended in Mar. 2024 was -9.05%.

LAVA Therapeutics NV ROCE % Historical Data

The historical data trend for LAVA Therapeutics NV'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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LAVA Therapeutics NV ROCE % Chart

LAVA Therapeutics NV Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

-130.23

-146.47

-59.30

-26.15

-39.15

LAVA Therapeutics NV Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial													-46.19	-50.81	-45.41	-16.32	-9.05

LAVA Therapeutics NV ROCE % Calculation

LAVA Therapeutics NV'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 )
	=	-38.022	/	( ( (135.393 - 20.725)	+	(93.268 - 13.701) )	/ 2 )
	=	-38.022	/	( (114.668	+	79.567)	/ 2 )
	=	-38.022	/	97.1175
	=	-39.15 %

LAVA Therapeutics NV's ROCE % of for the quarter that ended in Mar. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	-7.184	/	( ( (93.268 - 13.701)	+	(91.153 - 11.985) )	/ 2 )
	=	-7.184	/	( ( 79.567	+	79.168 )	/ 2 )
	=	-7.184	/	79.3675
	=	-9.05 %

(1) Note: The EBIT data used here is four times the quarterly (Mar. 2024) EBIT data.

LAVA Therapeutics NV (FRA:4PKB) 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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LAVA Therapeutics NV (FRA:4PKB) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Biotechnology » LAVA Therapeutics NV (FRA:4PKB) » Definitions » ROCE %

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Traded in Other Exchanges

LVTX:USA

Address

Yalelaan 62, Utrecht, UT, NLD, 3584 CM

Website

https://www.lavatherapeutics.com

LAVA Therapeutics NV is a biotechnology company. It is focused on transforming cancer treatment by developing a platform of novel bispecific antibodies designed to selectively induce gamma-delta T cell-mediated immunity against tumor cells.

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