Technogym SpA (MIL:TGYM) ROCE % : 30.15% (As of Dec. 2023)

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What is Technogym 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. Technogym SpA's annualized ROCE % for the quarter that ended in Dec. 2023 was 30.15%.

Technogym SpA ROCE % Historical Data

The historical data trend for Technogym 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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Technogym SpA ROCE % Chart

Technogym SpA Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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31.58

12.11

18.85

19.13

25.30

Technogym SpA Semi-Annual Data
	Dec13	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															17.54	20.35	19.32	22.26	30.15

Technogym SpA ROCE % Calculation

Technogym 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 )
	=	121.297	/	( ( (786.207 - 323.08)	+	(818.309 - 322.486) )	/ 2 )
	=	121.297	/	( (463.127	+	495.823)	/ 2 )
	=	121.297	/	479.475
	=	25.30 %

Technogym 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 )
	=	141.646	/	( ( (760.15 - 316.289)	+	(818.309 - 322.486) )	/ 2 )
	=	141.646	/	( ( 443.861	+	495.823 )	/ 2 )
	=	141.646	/	469.842
	=	30.15 %

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

Technogym SpA (MIL:TGYM) 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.

Technogym SpA ROCE % Related Terms

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Technogym SpA (MIL:TGYM) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Technogym SpA (MIL:TGYM) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

TCCHF:USA 0RG1:UK TN2:Germany

Address

Via Calcinaro, 2861, Cesena, ITA, 47521

Website

https://www.technogym.com

Technogym SpA is a fitness equipment manufacturer. The company offers integrated solutions for personal wellness consisting of equipment, services, and digital solutions that can be personalized and adapted to specific needs of end users and professional operators. The company offers a range of wellness, physical exercise and rehabilitation solutions to the major segments of the fitness equipment market and to the overall wellness industry. Its geographical segments are Europe (except Italy), APAC, North America, MEIA, Italy, and LATAM.

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