Govena Lighting (WAR:GOV) ROCE % : -1.20% (As of Sep. 2023)

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What is Govena Lighting 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. Govena Lighting's annualized ROCE % for the quarter that ended in Sep. 2023 was -1.20%.

Govena Lighting ROCE % Historical Data

The historical data trend for Govena Lighting'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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Govena Lighting ROCE % Chart

Govena Lighting Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

ROCE %

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-15.09

-6.45

4.51

3.10

-30.49

Govena Lighting Quarterly Data
	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Sep23
ROCE %	Get a 7-Day Free Trial															10.66	0.01	-2.11	1.03	-1.20

Govena Lighting ROCE % Calculation

Govena Lighting's annualized ROCE % for the fiscal year that ended in Dec. 2022 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2022 )		(A: Dec. 2021 )		(A: Dec. 2022 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2022 )		(A: Dec. 2021 )		(A: Dec. 2022 )
	=	-4.523	/	( ( (20.236 - 2.826)	+	(15.433 - 3.17) )	/ 2 )
	=	-4.523	/	( (17.41	+	12.263)	/ 2 )
	=	-4.523	/	14.8365
	=	-30.49 %

Govena Lighting's ROCE % of for the quarter that ended in Sep. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2023 )		(Q: Mar. 2023 )		(Q: Sep. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2023 )		(Q: Mar. 2023 )		(Q: Sep. 2023 )
	=	-0.18	/	( ( (20.271 - 2.906)	+	(15.164 - 2.487) )	/ 2 )
	=	-0.18	/	( ( 17.365	+	12.677 )	/ 2 )
	=	-0.18	/	15.021
	=	-1.20 %

(1) Note: The EBIT data used here is four times the quarterly (Sep. 2023) EBIT data.

Govena Lighting (WAR:GOV) 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.

Govena Lighting ROCE % Related Terms

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Govena Lighting (WAR:GOV) Business Description

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GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Govena Lighting SA (WAR:GOV) » Definitions » ROCE %

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Address

ul. Sluzewska 8-15, Torun, POL, 87-100

Website

http://www.govena.com

Govena Lighting SA is a manufacturer of electronics, a contractor of services and a supplier of finished and semi-finished products. It works with lighting-industry customers, manufacturers of electricity meters and cash registers, and with power-industry customers. The products offered by the company include Electronic Transformers, LED power supply, Dimmer, Switches and sockets and LED profiles.

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