RedFish LongTerm Capital SpA (FRA:HN5) ROCE % : -4.12% (As of Jun. 2024)

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What is RedFish LongTerm Capital 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. RedFish LongTerm Capital SpA's annualized ROCE % for the quarter that ended in Jun. 2024 was -4.12%.

RedFish LongTerm Capital SpA ROCE % Historical Data

The historical data trend for RedFish LongTerm Capital 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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RedFish LongTerm Capital SpA ROCE % Chart

RedFish LongTerm Capital SpA Annual Data

Trend

Dec21

Dec22

Dec23

ROCE %

1.89

30.04

1.09

RedFish LongTerm Capital SpA Semi-Annual Data
	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
ROCE %	Get a 7-Day Free Trial			88.27	-0.08	3.84	-1.31	-4.12

RedFish LongTerm Capital SpA ROCE % Calculation

RedFish LongTerm Capital 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 )
	=	0.429	/	( ( (35.789 - 3.501)	+	(61.021 - 14.824) )	/ 2 )
	=	0.429	/	( (32.288	+	46.197)	/ 2 )
	=	0.429	/	39.2425
	=	1.09 %

RedFish LongTerm Capital SpA's ROCE % of for the quarter that ended in Jun. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jun. 2024 )		(Q: Dec. 2023 )		(Q: Jun. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jun. 2024 )		(Q: Dec. 2023 )		(Q: Jun. 2024 )
	=	-2.846	/	( ( (61.021 - 14.824)	+	(124.076 - 32.205) )	/ 2 )
	=	-2.846	/	( ( 46.197	+	91.871 )	/ 2 )
	=	-2.846	/	69.034
	=	-4.12 %

(1) Note: The EBIT data used here is two times the semi-annual (Jun. 2024) EBIT data.

RedFish LongTerm Capital SpA (FRA:HN5) 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.

RedFish LongTerm Capital SpA ROCE % Related Terms

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RedFish LongTerm Capital SpA Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » RedFish LongTerm Capital SpA (FRA:HN5) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

RFLTC:Italy

Address

Via del Carmine, 11, Milano, ITA, 20121

Website

https://longterm.redfish.capital

RedFish LongTerm Capital SpA is an industrial holding company specializing in the acquisition of shares in family-run Italian SMEs. The company acquires qualified minority or majority shareholdings with the intention of maintaining these investments over a long period of time, either through its investment or through club deal structures, with the involvement of other investors. The role of the company in the ecosystem of its subsidiaries is to support them in increasing some critical areas by providing them with support services to managers for the financial side, management control and debt optimization, but above all advisory services for the acquisition of Target Companies in order to pursue the development plan for external lines.

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