MOOV (Moove Lubricants Holdings) ROIC %: 9.17% (As of Jun. 2024)


What is Moove Lubricants Holdings ROIC %?

Moove Lubricants Holdings MOOV ROIC % is 9.17% as of Jun. 2024.

ROIC % measures how well a company generates cash flow relative to the capital it has invested in its business. It is also called ROC %. Moove Lubricants Holdings's annualized return on invested capital (ROIC %) for the quarter that ended in Jun. 2024 was 9.17%.

As of today (2026-06-26), Moove Lubricants Holdings's WACC % is 0.00%. Moove Lubricants Holdings's ROIC % is 0.00% (calculated using TTM income statement data). Moove Lubricants Holdings earns returns that do not match up to its cost of capital. It will destroy value as it grows.


Moove Lubricants Holdings  (NYSE:MOOV) ROIC % Explanation

ROIC % measures how well a company generates cash flow relative to the capital it has invested in its business. It is also called ROC %. The reason book values of debt and equity are used is because the book values are the capital the company received when issuing the debt or receiving the equity investments.

There are four key components to this definition. The first is the use of operating income or EBIT rather than net income in the numerator. The second is the tax adjustment to this operating income or EBIT, computed as a hypothetical tax based on an effective or marginal tax rate. The third is the use of book values for invested capital, rather than market values. The final is the timing difference; the capital invested is from the end of the prior year whereas the operating income or EBIT is the current year's number.

Why is ROIC % important?

Because it costs money to raise capital. A firm that generates higher returns on investment than it costs the company to raise the capital needed for that investment is earning excess returns. A firm that expects to continue generating positive excess returns on new investments in the future will see its value increase as growth increases, whereas a firm that earns returns that do not match up to its cost of capital will destroy value as it grows.

As of today, Moove Lubricants Holdings's WACC % is 0.00%. Moove Lubricants Holdings's ROIC % is 0.00% (calculated using TTM income statement data). Moove Lubricants Holdings earns returns that do not match up to its cost of capital. It will destroy value as it grows.


Be Aware

Like ROE % and ROA %, ROIC % is calculated with only 12 months of data. Fluctuations in the company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective.


Moove Lubricants Holdings ROIC % Related Terms


Moove Lubricants Holdings ROIC % Historical Data

* Premium members only.

The historical data trend for Moove Lubricants Holdings's ROIC % 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 ROIC % Chart

Moove Lubricants Holdings Annual Data
Trend Dec21 Dec22 Dec23
ROIC %
0.00 8.26 7.53

Moove Lubricants Holdings Semi-Annual Data
Dec21 Dec22 Jun23 Dec23 Jun24
ROIC % 0.00 0.00 0.00 17.33 9.17

MOOV vs : ROIC % Comparison

For the Specialty Chemicals subindustry, Moove Lubricants Holdings's ROIC %, along with its competitors' market caps and ROIC % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Moove Lubricants Holdings ROIC % vs Chemicals Industry

For the Chemicals industry and Basic Materials sector, Moove Lubricants Holdings's ROIC % distribution charts can be found below:

* The bar in red indicates where Moove Lubricants Holdings's ROIC % falls into.



Moove Lubricants Holdings ROIC % Calculation

Moove Lubricants Holdings's annualized Return on Invested Capital (ROIC %) for the fiscal year that ended in Dec. 2023 is calculated as:

ROIC % (A: Dec. 2023 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (A: Dec. 2022 ) + Invested Capital (A: Dec. 2023 ))/ count )
=187.957 * ( 1 - 55.76% )/( (1142.783 + 1066.625)/ 2 )
=83.1521768/1104.704
=7.53 %

where

Invested Capital(A: Dec. 2022 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=1696.926 - 377.085 - ( 177.058 - max(0, 521.661 - 746.88+177.058))
=1142.783

Invested Capital(A: Dec. 2023 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=1607.737 - 393.592 - ( 173.896 - max(0, 554.079 - 701.599+173.896))
=1066.625

Moove Lubricants Holdings's annualized Return on Invested Capital (ROIC %) for the quarter that ended in Jun. 2024 is calculated as:

ROIC % (Q: Jun. 2024 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Dec. 2023 ) + Invested Capital (Q: Jun. 2024 ))/ count )
=150.684 * ( 1 - 34.29% )/( (1066.625 + 1093.827)/ 2 )
=99.0144564/1080.226
=9.17 %

where

Invested Capital(Q: Dec. 2023 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=1607.737 - 393.592 - ( 173.896 - max(0, 554.079 - 701.599+173.896))
=1066.625

Invested Capital(Q: Jun. 2024 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=1638.489 - 403.173 - ( 146.621 - max(0, 592.643 - 734.132+146.621))
=1093.827

Note: The Operating Income data used here is two times the semi-annual (Jun. 2024) data. The tax rate is limited to between 0% and 100%.

* 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 ROIC % →
What does a ROIC % of 9.17% mean?
Moove Lubricants Holdings (MOOV) has a ROIC % of 9.17% as of Jun. 2024. Return on invested capital is the ratio of current-period net income to average two-period invested capital. View historical data on Moove Lubricants Holdings and its competitors.
Is Moove Lubricants Holdings' ROIC % too high?
Moove Lubricants Holdings' current ROIC % is 9.17%. The Chemicals industry median ROIC % is 4.46. Moove Lubricants Holdings' value of 9.17% is 105.8% above this industry median.
How does Moove Lubricants Holdings' ROIC % compare to ?
Moove Lubricants Holdings' ROIC % of 9.17% can be compared against companies in the Chemicals industry. The industry median ROIC % is 4.46. Moove Lubricants Holdings' value of 9.17% is 105.8% 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 ROIC % for a Chemicals company?
The median ROIC % among Chemicals companies is 4.46, based on 1,586 companies in the industry. Companies in the top quartile (top 25%) have a ROIC % significantly above this median, while those in the bottom quartile fall well below. However, ROIC % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Moove Lubricants Holdings's current ROIC % of 9.17% is 105.8% 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 ROIC % mean?
A high ROIC % can signal that a stock is expensive relative to its fundamentals. Return on invested capital is the ratio of current-period net income to average two-period invested capital. View historical data on Moove Lubricants Holdings and its competitors. For the Chemicals industry, the median ROIC % is 4.46 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Moove Lubricants Holdings's current ROIC % is 9.17%. 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 ROIC % of 9.17%. The current ROIC % is 9.17% and 105.8% above the Chemicals industry median of 4.46. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is ROIC % calculated?
ROIC % is calculated from a company's financial statements. For Moove Lubricants Holdings (MOOV), the current ROIC % is 9.17% 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.