Hove A/S (OCSE:HOVE) ROCE % : -8.24% (As of Dec. 2023)

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What is Hove A/S 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. Hove A/S's annualized ROCE % for the quarter that ended in Dec. 2023 was -8.24%.

Hove A/S ROCE % Historical Data

The historical data trend for Hove A/S'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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Hove A/S ROCE % Chart

Hove A/S Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

14.00

26.35

10.41

13.75

12.06

Hove A/S Semi-Annual Data
	Dec19	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
ROCE %	Get a 7-Day Free Trial			4.96	4.29	23.54	32.04	-8.24

Hove A/S ROCE % Calculation

Hove A/S'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 )
	=	9.974	/	( ( (115.381 - 32.39)	+	(96.416 - 13.974) )	/ 2 )
	=	9.974	/	( (82.991	+	82.442)	/ 2 )
	=	9.974	/	82.7165
	=	12.06 %

Hove A/S'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 )
	=	-6.87	/	( ( (107.919 - 23.52)	+	(96.416 - 13.974) )	/ 2 )
	=	-6.87	/	( ( 84.399	+	82.442 )	/ 2 )
	=	-6.87	/	83.4205
	=	-8.24 %

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

Hove A/S (OCSE:HOVE) 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.

Hove A/S ROCE % Related Terms

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Hove A/S (OCSE:HOVE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Hove A/S (OCSE:HOVE) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

LL0:Germany

Address

Herstedostervej 7, Glostrup, DNK, 2600

Website

https://www.hove-as.com

Hove A/S is engaged in developing and designing complete advanced lubrication solutions. Its products cover Hove Smart Lube, Lubrication solutions, and Beinlich & Hafnia pumps.

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