Saipem SpA (Saipem SpA) ROCE % : 10.28% (As of Sep. 2023)

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What is Saipem 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. Saipem SpA's annualized ROCE % for the quarter that ended in Sep. 2023 was 10.28%.

Saipem SpA ROCE % Historical Data

The historical data trend for Saipem 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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Saipem SpA ROCE % Chart

Saipem SpA Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

ROCE %

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-1.54

4.58

-12.41

-38.62

-0.38

Saipem SpA Quarterly Data
	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Dec22	Jun23	Sep23	Mar24
ROCE %	Get a 7-Day Free Trial															4.44	-	-	10.28	-

Saipem SpA ROCE % Calculation

Saipem SpA'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 )
	=	-21.186	/	( ( (13041.808 - 7733.333)	+	(13132.415 - 7371.822) )	/ 2 )
	=	-21.186	/	( (5308.475	+	5760.593)	/ 2 )
	=	-21.186	/	5534.534
	=	-0.38 %

Saipem SpA'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: Jun. 2023 )		(Q: Sep. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2023 )		(Q: Jun. 2023 )		(Q: Sep. 2023 )
	=	631.804	/	( ( (13971.831 - 7827.736)	+	(0 - 0) )	/ 1 )
	=	631.804	/	( ( 6144.095	+	0 )	/ 1 )
	=	631.804	/	6144.095
	=	10.28 %

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

Saipem SpA (OTCPK:SAPMY) 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.

Saipem SpA ROCE % Related Terms

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Saipem SpA (Saipem SpA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Saipem SpA (OTCPK:SAPMY) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

SAPMF:USA SPM:Italy 0RPI:UK SPEA:Germany SPEA:Germany

Address

Via Luigi Russolo, 5, Milano, ITA, 20138

Website

https://www.saipem.com

Saipem is a conglomerate of oil and gas engineering and construction and drilling services. The company began as the services appendage of oil major Eni, although today Eni as a customer accounts for generally less than 10% of revenue. Saipem is distinguished for leading industry megaprojects like the Nord Stream pipeline carrying large volumes of natural gas from Russia to European markets.

Saipem SpA (Saipem SpA) Headlines

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