Litix SpA (MIL:LTX) ROCE % : 46.26% (As of Dec. 2023)

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What is Litix 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. Litix SpA's annualized ROCE % for the quarter that ended in Dec. 2023 was 46.26%.

Litix SpA ROCE % Historical Data

The historical data trend for Litix 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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Litix SpA ROCE % Chart

Litix SpA Annual Data

Trend

Dec22

Dec23

ROCE %

54.30

46.26

Litix SpA Semi-Annual Data
	Dec22	Dec23
ROCE %	54.30	46.26

Litix SpA ROCE % Calculation

Litix 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 )
	=	1.025	/	( ( (6.364 - 4.491)	+	(7.267 - 4.709) )	/ 2 )
	=	1.025	/	( (1.873	+	2.558)	/ 2 )
	=	1.025	/	2.2155
	=	46.26 %

Litix 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: Dec. 2022 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Dec. 2022 )		(Q: Dec. 2023 )
	=	1.025	/	( ( (6.364 - 4.491)	+	(7.267 - 4.709) )	/ 2 )
	=	1.025	/	( ( 1.873	+	2.558 )	/ 2 )
	=	1.025	/	2.2155
	=	46.26 %

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

Litix SpA (MIL:LTX) 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.

Litix SpA ROCE % Related Terms

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Litix SpA Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Litix SpA (MIL:LTX) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Via Fantiscritti snc, Carrara, ITA, 54033

Website

https://litix2.devworks.it

Litix SpA is a company active in the artistic marble processing sector. Its products and technologies are divided into the Robotor, Torart, and Aivox business units. The Robotor system is composed of (i) the software for CNC machining, (ii) the anthropomorphic robot, and (iii) accessories for greater control and optimization of the machining process. The Torart business unit uses the anthropomorphic robots of the Robotor business unit to create the works of the greatest architects, designers and artists in the world. Through the Aivox business unit the Group deals with both the development of products, processes and technologies, and 3D printing production.

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