ENovia spa (MIL:E9IA) ROCE % : -23.35% (As of Jun. 2023)

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What is ENovia 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. ENovia spa's annualized ROCE % for the quarter that ended in Jun. 2023 was -23.35%.

ENovia spa ROCE % Historical Data

The historical data trend for ENovia 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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ENovia spa ROCE % Chart

ENovia spa Annual Data

Trend

Dec20

Dec21

Dec22

ROCE %

-9.55

-13.88

-26.37

ENovia spa Semi-Annual Data
	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
ROCE %	Get a 7-Day Free Trial			-19.76	-7.26	-46.65	-32.96	-23.35

ENovia spa ROCE % Calculation

ENovia 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 )
	=	-12.22	/	( ( (49.627 - 12.259)	+	(70.902 - 15.599) )	/ 2 )
	=	-12.22	/	( (37.368	+	55.303)	/ 2 )
	=	-12.22	/	46.3355
	=	-26.37 %

ENovia 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 )
	=	-11.998	/	( ( (70.902 - 15.599)	+	(60.59 - 13.144) )	/ 2 )
	=	-11.998	/	( ( 55.303	+	47.446 )	/ 2 )
	=	-11.998	/	51.3745
	=	-23.35 %

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

ENovia spa (MIL:E9IA) 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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ENovia spa (MIL:E9IA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » ENovia spa (MIL:E9IA) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Via San Martino 12, Milan, ITA, 20122

Website

https://www.e-novia.it

ENovia spa applies processes and methods to transform Intellectual Property into technology-based enterprises. Its products are Vehicular Robotics and Collaborative robotics.

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