Indel B SpA (MIL:INDB) ROCE % : 4.51% (As of Dec. 2023)

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What is Indel B 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. Indel B SpA's annualized ROCE % for the quarter that ended in Dec. 2023 was 4.51%.

Indel B SpA ROCE % Historical Data

The historical data trend for Indel B 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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Indel B SpA ROCE % Chart

Indel B SpA Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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18.68

8.04

24.03

12.28

10.42

Indel B SpA Semi-Annual Data
	Dec14	Dec15	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
ROCE %	Get a 7-Day Free Trial												15.06	13.56	10.36	15.58	4.51

Indel B SpA ROCE % Calculation

Indel B SpA's annualized ROCE % for the fiscal year that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2023 )		(A: Dec. 2022 )		(A: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2023 )		(A: Dec. 2022 )		(A: Dec. 2023 )
	=	15.907	/	( ( (225.397 - 71.908)	+	(221.871 - 70.143) )	/ 2 )
	=	15.907	/	( (153.489	+	151.728)	/ 2 )
	=	15.907	/	152.6085
	=	10.42 %

Indel B SpA's ROCE % of for the quarter that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2023 )		(Q: Jun. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Jun. 2023 )		(Q: Dec. 2023 )
	=	7.118	/	( ( (248.628 - 85.018)	+	(221.871 - 70.143) )	/ 2 )
	=	7.118	/	( ( 163.61	+	151.728 )	/ 2 )
	=	7.118	/	157.669
	=	4.51 %

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

Indel B SpA (MIL:INDB) 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.

Indel B SpA ROCE % Related Terms

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Indel B SpA (MIL:INDB) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Indel B SpA (MIL:INDB) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

2I6:Germany

Address

Via Sarsinate, 27, Sant Agata Feltria, Rimini, ITA, 47866

Website

http://www.indelb.com

Indel B SpA manufactures and sells mobile, refrigerators and cooling systems. The company offers fridges and parking air coolers for cars, off-road vehicles, motor homes/caravans, commercial vehicles, minibusses, luxury coaches, and ambulances; and hotel minibars, electronic safes, lock systems, hairdryers, LED lighting products, and LED televisions.