Cube Labs SpA (MIL:CUBE) ROCE % : -0.94% (As of Jun. 2023)

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What is Cube Labs 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. Cube Labs SpA's annualized ROCE % for the quarter that ended in Jun. 2023 was -0.94%.

Cube Labs SpA ROCE % Historical Data

The historical data trend for Cube Labs 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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Cube Labs SpA ROCE % Chart

Cube Labs SpA Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

ROCE %

-3.69

13.29

1.20

0.75

0.09

Cube Labs SpA Semi-Annual Data
	Dec18	Dec19	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
ROCE %	Get a 7-Day Free Trial			0.87	0.63	0.26	-0.08	-0.94

Cube Labs SpA ROCE % Calculation

Cube Labs 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 )
	=	0.05	/	( ( (55.111 - 1.151)	+	(57.351 - 1.585) )	/ 2 )
	=	0.05	/	( (53.96	+	55.766)	/ 2 )
	=	0.05	/	54.863
	=	0.09 %

Cube Labs SpA's ROCE % of for the quarter that ended in Jun. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jun. 2023 )		(Q: Dec. 2022 )		(Q: Jun. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jun. 2023 )		(Q: Dec. 2022 )		(Q: Jun. 2023 )
	=	-0.54	/	( ( (57.351 - 1.585)	+	(60.788 - 1.45) )	/ 2 )
	=	-0.54	/	( ( 55.766	+	59.338 )	/ 2 )
	=	-0.54	/	57.552
	=	-0.94 %

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

Cube Labs SpA (MIL:CUBE) 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.

Cube Labs SpA ROCE % Related Terms

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Cube Labs SpA (MIL:CUBE) Business Description

Industry

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Comparable Companies

Traded in Other Exchanges

N/A

Address

Giulio Caccini, 1, Rome, ITA, 00186

Website

https://cube-labs.com

Cube Labs SpA operates as a venture builder that enables innovation in the healthcare technology space. The company is engaged in attracting sources of financing and providing entrepreneurial and operational support to the companies to develop healthcare technologies for the market.