Gruppo Green Power SpA (MIL:GGP) ROCE % : -530.38% (As of Jun. 2020)

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What is Gruppo Green Power 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. Gruppo Green Power SpA's annualized ROCE % for the quarter that ended in Jun. 2020 was -530.38%.

Gruppo Green Power SpA ROCE % Historical Data

The historical data trend for Gruppo Green Power 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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Gruppo Green Power SpA ROCE % Chart

Gruppo Green Power SpA Annual Data

Trend

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

ROCE %

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-9.15

-19.34

-43.61

17.59

-97.95

Gruppo Green Power SpA Semi-Annual Data
	Dec11	Jun12	Dec12	Jun13	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20
ROCE %	Get a 7-Day Free Trial													9.67	28.05	36.54	-262.97	-530.38

Gruppo Green Power SpA ROCE % Calculation

Gruppo Green Power SpA's annualized ROCE % for the fiscal year that ended in Dec. 2019 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2019 )		(A: Dec. 2018 )		(A: Dec. 2019 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2019 )		(A: Dec. 2018 )		(A: Dec. 2019 )
	=	-2.247	/	( ( (9.803 - 6.06)	+	(7.82 - 6.975) )	/ 2 )
	=	-2.247	/	( (3.743	+	0.845)	/ 2 )
	=	-2.247	/	2.294
	=	-97.95 %

Gruppo Green Power SpA's ROCE % of for the quarter that ended in Jun. 2020 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jun. 2020 )		(Q: Dec. 2019 )		(Q: Jun. 2020 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jun. 2020 )		(Q: Dec. 2019 )		(Q: Jun. 2020 )
	=	-6.11	/	( ( (7.82 - 6.975)	+	(11.544 - 10.085) )	/ 2 )
	=	-6.11	/	( ( 0.845	+	1.459 )	/ 2 )
	=	-6.11	/	1.152
	=	-530.38 %

(1) Note: The EBIT data used here is two times the semi-annual (Jun. 2020) EBIT data.

Gruppo Green Power SpA (MIL:GGP) 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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Gruppo Green Power SpA (MIL:GGP) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Gruppo Green Power SpA (MIL:GGP) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Via Varotara 57, Mirano, ITA, 30035

Website

http://www.gruppogreenpower.com

Gruppo Green Power S.p.A., provides services related to energy from renewable resources, such as water, sun, wind and geothermal energy. It offers photovoltaic systems, mini wind solar thermal systems and services.

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