Culti Milano SpA (MIL:CULT) ROCE % : 1.96% (As of Jun. 2023)

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What is Culti Milano 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. Culti Milano SpA's annualized ROCE % for the quarter that ended in Jun. 2023 was 1.96%.

Culti Milano SpA ROCE % Historical Data

The historical data trend for Culti Milano 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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Culti Milano SpA ROCE % Chart

Culti Milano SpA Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

ROCE %

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10.33

-2.61

6.09

18.39

25.87

Culti Milano SpA Semi-Annual Data
	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Jun23
ROCE %	Get a 7-Day Free Trial								30.90	15.82	32.62	15.70	1.96

Culti Milano SpA ROCE % Calculation

Culti Milano SpA's annualized ROCE % for the fiscal year that ended in Dec. 2021 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2021 )		(A: Dec. 2020 )		(A: Dec. 2021 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2021 )		(A: Dec. 2020 )		(A: Dec. 2021 )
	=	3.66	/	( ( (15.342 - 2.156)	+	(18.177 - 3.065) )	/ 2 )
	=	3.66	/	( (13.186	+	15.112)	/ 2 )
	=	3.66	/	14.149
	=	25.87 %

Culti Milano 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: Jun. 2022 )		(Q: Jun. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jun. 2023 )		(Q: Jun. 2022 )		(Q: Jun. 2023 )
	=	0.36	/	( ( (26.973 - 6.451)	+	(26.078 - 9.958) )	/ 2 )
	=	0.36	/	( ( 20.522	+	16.12 )	/ 2 )
	=	0.36	/	18.321
	=	1.96 %

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

Culti Milano SpA (MIL:CULT) 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.

Culti Milano SpA ROCE % Related Terms

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Culti Milano SpA (MIL:CULT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Culti Milano SpA (MIL:CULT) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Via Santa Sofia 27, Milan, ITA, 20122

Website

http://www.culti.com

Culti Milano SpA develops fragrances, cosmetics and home accessories designed for every area of the house. It offers diffusers, refills, home sprays, candles, complements such as car sachets, home sachets, and leather pochettes.

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