Danieli & C. Officine Meccaniche SpA (Danieli & C. Officine Meccaniche SpA) ROCE % : 15.20% (As of Jun. 2023)

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What is Danieli & C. Officine Meccaniche 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. Danieli & C. Officine Meccaniche SpA's annualized ROCE % for the quarter that ended in Jun. 2023 was 15.20%.

Danieli & C. Officine Meccaniche SpA ROCE % Historical Data

The historical data trend for Danieli & C. Officine Meccaniche 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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Danieli & C. Officine Meccaniche SpA ROCE % Chart

Danieli & C. Officine Meccaniche SpA Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

ROCE %

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5.64

4.81

5.99

11.23

11.58

Danieli & C. Officine Meccaniche SpA Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
ROCE %	Get a 7-Day Free Trial															8.34	15.01	8.46	15.20	6.51

Danieli & C. Officine Meccaniche SpA ROCE % Calculation

Danieli & C. Officine Meccaniche SpA's annualized ROCE % for the fiscal year that ended in Jun. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Jun. 2023 )		(A: Jun. 2022 )		(A: Jun. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Jun. 2023 )		(A: Jun. 2022 )		(A: Jun. 2023 )
	=	329.042	/	( ( (6537.337 - 3883.691)	+	(7086.605 - 4057.796) )	/ 2 )
	=	329.042	/	( (2653.646	+	3028.809)	/ 2 )
	=	329.042	/	2841.2275
	=	11.58 %

Danieli & C. Officine Meccaniche SpA's ROCE % of for the quarter that ended in Jun. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jun. 2023 )		(Q: Dec. 2022 )		(Q: Jun. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jun. 2023 )		(Q: Dec. 2022 )		(Q: Jun. 2023 )
	=	429.724	/	( ( (6653.612 - 4028.724)	+	(7086.605 - 4057.796) )	/ 2 )
	=	429.724	/	( ( 2624.888	+	3028.809 )	/ 2 )
	=	429.724	/	2826.8485
	=	15.20 %

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

Danieli & C. Officine Meccaniche SpA (OTCPK:DNIYY) 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.

Danieli & C. Officine Meccaniche SpA ROCE % Related Terms

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Danieli & C. Officine Meccaniche SpA (Danieli & C. Officine Meccaniche SpA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Danieli & C. Officine Meccaniche SpA (OTCPK:DNIYY) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

DANR:Italy DAN:Italy DANm:UK DAS:Germany

Address

Via Nazionale 41, Buttrio, Udine, ITA, 33042

Website

https://www.danieli.com

Danieli & C. Officine Meccaniche SpA is an Italy-based company that is engaged in manufacturing and distribution of steel and other nonferrous metal products as well as plant building. The company operates through two segments, namely steelmaking and plant making. The Steelmaking segment manufactures ingots, forged bars, blooms, rolled bars, bar in coils and others. End customers primarily come from the mechanical, automotive, oil & gas, power generation and other sectors. The Plant Making segment designs and builds mines, pellet production plants, furnaces, rolling mills and other various plants and facilities. The company has a global presence, with Europe, Middle East and Far East being the three largest markets for the company.

Danieli & C. Officine Meccaniche SpA (Danieli & C. Officine Meccaniche SpA) Headlines

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