Tessellis SpA (LTS:0LLP) ROCE % : -24.87% (As of Jun. 2023)

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What is Tessellis 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. Tessellis SpA's annualized ROCE % for the quarter that ended in Jun. 2023 was -24.87%.

Tessellis SpA ROCE % Historical Data

The historical data trend for Tessellis 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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Tessellis SpA ROCE % Chart

Tessellis SpA Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

ROCE %

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-78.50

-223.98

-26.95

Tessellis SpA Semi-Annual Data
	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
ROCE %	Get a 7-Day Free Trial															-	-43.44	-117.98	-31.28	-24.87

Tessellis SpA ROCE % Calculation

Tessellis 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 )
	=	-33.176	/	( ( (143.236 - 116.355)	+	(370.6 - 151.3) )	/ 2 )
	=	-33.176	/	( (26.881	+	219.3)	/ 2 )
	=	-33.176	/	123.0905
	=	-26.95 %

Tessellis 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 )
	=	-49.422	/	( ( (370.6 - 151.3)	+	(340.019 - 161.834) )	/ 2 )
	=	-49.422	/	( ( 219.3	+	178.185 )	/ 2 )
	=	-49.422	/	198.7425
	=	-24.87 %

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

Tessellis SpA (LTS:0LLP) 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.

Tessellis SpA ROCE % Related Terms

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Tessellis SpA (LTS:0LLP) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Telecommunication Services » Tessellis SpA (LTS:0LLP) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

TSL:Italy TIQ:Germany

Address

SS 195, Km 2,300, Sa Illetta, Cagliari, ITA, 09123

Website

https://www.tessellis.it

Tessellis SpA is a telecommunications operator in Italy. The company provides telecommunication services which include broadband and narrowband internet access, together with more specific and hi-tech products. It also offers voice services and portal and mobile telephone services. The operating segments of the business includes - Access (connectivity BTC and BTB), Media & Advertising and Corporate.

Tessellis SpA (LTS:0LLP) Headlines

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