Lottomatica Group SpA (MIL:LTMC) ROCE % : 14.18% (As of Mar. 2024)

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What is Lottomatica 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. Lottomatica Group SpA's annualized ROCE % for the quarter that ended in Mar. 2024 was 14.18%.

Lottomatica Group SpA ROCE % Historical Data

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

Lottomatica Group SpA Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

ROCE %

-0.66

2.56

12.85

14.26

Lottomatica Group SpA Quarterly Data
	Dec20	Dec21	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial					18.45	19.89	15.66	9.51	14.18

Lottomatica Group SpA ROCE % Calculation

Lottomatica 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 )
	=	352.266	/	( ( (2756.235 - 523.797)	+	(3282.195 - 574.578) )	/ 2 )
	=	352.266	/	( (2232.438	+	2707.617)	/ 2 )
	=	352.266	/	2470.0275
	=	14.26 %

Lottomatica Group SpA'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 )
	=	385.536	/	( ( (3282.195 - 574.578)	+	(3312.087 - 580.4) )	/ 2 )
	=	385.536	/	( ( 2707.617	+	2731.687 )	/ 2 )
	=	385.536	/	2719.652
	=	14.18 %

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

Lottomatica Group SpA (MIL:LTMC) 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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Lottomatica Group SpA (MIL:LTMC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Lottomatica Group SpA (MIL:LTMC) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

LTMCm:UK

Address

Via degli Aldobrandeschi, 300, Rome, ITA, 00163

Website

https://www.lottomaticagroup.com

Lottomatica Group SpA is an operator on the gaming market authorized by the Customs and Monopolies Agency. The group operates in various sectors namely Online (sports betting and online games); Betting (sports bets and games on a physical network); Gaming (AWP and VLT entertainment machines, direct management of gaming halls and proprietary AWPs).

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