MOOV (Moove Lubricants Holdings) ROCE %: 16.35% (As of Jun. 2024)


What is Moove Lubricants Holdings ROCE %?

Moove Lubricants Holdings MOOV ROCE % is 16.35% as of Jun. 2024.

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. Moove Lubricants Holdings's annualized ROCE % for the quarter that ended in Jun. 2024 was 16.35%.

Moove Lubricants Holdings  (NYSE:MOOV) 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.

Moove Lubricants Holdings ROCE % Related Terms

Moove Lubricants Holdings ROCE % Historical Data

* Premium members only.

The historical data trend for Moove Lubricants Holdings'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.

Moove Lubricants Holdings ROCE % Chart

Moove Lubricants Holdings Annual Data
Trend Dec21 Dec22 Dec23
ROCE %
0.00 8.19 15.37

Moove Lubricants Holdings Semi-Annual Data
Dec21 Dec22 Jun23 Dec23 Jun24
ROCE % 0.00 0.00 15.77 15.09 16.35

Moove Lubricants Holdings ROCE % Calculation

Moove Lubricants Holdings'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 )
=171.298/( ( (1696.926 - 521.661) + (1607.737 - 554.079) )/ 2 )
=171.298/( (1175.265+1053.658)/ 2 )
=171.298/1114.4615
=15.37 %

Moove Lubricants Holdings's ROCE % of for the quarter that ended in Jun. 2024 is calculated as:

ROCE %=EBIT (1)/( (Capital Employed+Capital Employed)/ count )
(Q: Jun. 2024 )  (Q: Dec. 2023 )(Q: Jun. 2024 )
=EBIT/( ( (Total Assets - Total Current Liabilities)+(Total Assets - Total Current Liabilities) )/ count )
(Q: Jun. 2024 )  (Q: Dec. 2023 )(Q: Jun. 2024 )
=171.622/( ( (1607.737 - 554.079) + (1638.489 - 592.643) )/ 2 )
=171.622/( ( 1053.658 + 1045.846 )/ 2 )
=171.622/1049.752
=16.35 %

(1) Note: The EBIT data used here is two times the semi-annual (Jun. 2024) EBIT data.

* 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.

Frequently Asked Questions Learn more about ROCE % →
What does a ROCE % of 16.35% mean?
Moove Lubricants Holdings (MOOV) has a ROCE % of 16.35% as of Jun. 2024.
Is Moove Lubricants Holdings' ROCE % too high?
Moove Lubricants Holdings' current ROCE % is 16.35%. The Chemicals industry median ROCE % is 6.42. Moove Lubricants Holdings' value of 16.35% is 154.7% above this industry median.
How does Moove Lubricants Holdings' ROCE % compare to ?
Moove Lubricants Holdings' ROCE % of 16.35% can be compared against companies in the Chemicals industry. The industry median ROCE % is 6.42. Moove Lubricants Holdings' value of 16.35% is 154.7% above this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good ROCE % for a Chemicals company?
The median ROCE % among Chemicals companies is 6.42, based on 1,595 companies in the industry. Companies in the top quartile (top 25%) have a ROCE % significantly above this median, while those in the bottom quartile fall well below. However, ROCE % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Moove Lubricants Holdings's current ROCE % of 16.35% is 154.7% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high ROCE % mean?
A high ROCE % can signal that a stock is expensive relative to its fundamentals. For the Chemicals industry, the median ROCE % is 6.42 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Moove Lubricants Holdings's current ROCE % is 16.35%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Moove Lubricants Holdings stock overvalued right now?
Moove Lubricants Holdings (MOOV) has a current ROCE % of 16.35%. The current ROCE % is 16.35% and 154.7% above the Chemicals industry median of 6.42. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is ROCE % calculated?
ROCE % is calculated from a company's financial statements. For Moove Lubricants Holdings (MOOV), the current ROCE % is 16.35% as of Jun. 2024. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Moove Lubricants Holdings Business Description

Comparable Companies
Address Av. Brigadeiro Faria Lima, 4,100 - 8th Floor, Sao Paul, SP, BRA, 04538-132
Moove Lubricants Holdings is a lubricants solutions provider. The company specializes in the formulation, manufacturing, distribution, marketing, selling and servicing of lubricant products across a diverse range of end markets and customers.