Lemon Sistemi SpA (MIL:LS) ROCE % : 63.01% (As of Dec. 2023)

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What is Lemon Sistemi 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. Lemon Sistemi SpA's annualized ROCE % for the quarter that ended in Dec. 2023 was 63.01%.

Lemon Sistemi SpA ROCE % Historical Data

The historical data trend for Lemon Sistemi 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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Lemon Sistemi SpA ROCE % Chart

Lemon Sistemi SpA Annual Data

Trend

Dec21

Dec22

Dec23

ROCE %

85.54

161.13

43.65

Lemon Sistemi SpA Semi-Annual Data
	Dec21	Dec22	Jun23	Dec23
ROCE %	-	-	28.95	63.01

Lemon Sistemi SpA ROCE % Calculation

Lemon Sistemi 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 )
	=	3.048	/	( ( (10.143 - 5.708)	+	(18.755 - 9.225) )	/ 2 )
	=	3.048	/	( (4.435	+	9.53)	/ 2 )
	=	3.048	/	6.9825
	=	43.65 %

Lemon Sistemi 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: Jun. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Jun. 2023 )		(Q: Dec. 2023 )
	=	4.682	/	( ( (12.174 - 6.842)	+	(18.755 - 9.225) )	/ 2 )
	=	4.682	/	( ( 5.332	+	9.53 )	/ 2 )
	=	4.682	/	7.431
	=	63.01 %

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

Lemon Sistemi SpA (MIL:LS) 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.

Lemon Sistemi SpA ROCE % Related Terms

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Lemon Sistemi SpA (MIL:LS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Lemon Sistemi SpA (MIL:LS) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Via IV Novembre, Balestrate, ITA, 6090041

Website

https://www.lemonsistemi.it

Lemon Sistemi SpA is an Italian company that specializes in solar energy systems. It focuses on designing, installing, and maintaining photovoltaic systems for homes and businesses. Its product portfolio includes Sunpower photovoltaic, Solar Thermal, Renewable heating systems, Storage systems, and Electric car charging stations.

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