Equita Group SpA (LTS:0DEY) ROCE % : 4.05% (As of Dec. 2023)

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What is Equita 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. Equita Group SpA's annualized ROCE % for the quarter that ended in Dec. 2023 was 4.05%.

Equita Group SpA ROCE % Historical Data

The historical data trend for Equita 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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Equita Group SpA ROCE % Chart

Equita Group SpA Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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5.75

7.26

11.69

8.99

7.20

Equita Group SpA Quarterly Data
	Jun19	Sep19	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															7.88	9.55	6.98	4.05	7.48

Equita Group SpA ROCE % Calculation

Equita 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 )
	=	25.631	/	( ( (399.531 - 67.012)	+	(379.718 - 0.623) )	/ 2 )
	=	25.631	/	( (332.519	+	379.095)	/ 2 )
	=	25.631	/	355.807
	=	7.20 %

Equita 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: 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 )
	=	15.152	/	( ( (370.273 - 0.937)	+	(379.718 - 0.623) )	/ 2 )
	=	15.152	/	( ( 369.336	+	379.095 )	/ 2 )
	=	15.152	/	374.2155
	=	4.05 %

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

Equita Group SpA (LTS:0DEY) 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.

Equita Group SpA ROCE % Related Terms

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Equita Group SpA (LTS:0DEY) Business Description

Industry

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EQUI:Italy

Address

Via Filippo Turati, 9, Milano, ITA, 20121

Website

https://www.equita.eu

Equita Group SpA is an Italy-based independent advisory and capital market company. It operates through four businesses. The sales and trading business line render proprietary trading services mainly to banks, insurance and asset management companies, retirement funds and other market operators. Its proprietary trading business administers trading activities such as risk arbitrage and special situations, market maker, specialist, brokerage and directional trading. The investment banking business offers advisory services to mid-cap companies. Its alternative asset management business provides services to third-party portfolio management.

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