SBE-Varvit SpA (MIL:VARV) ROCE % : 21.92% (As of Jun. 2023)

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What is SBE-Varvit 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. SBE-Varvit SpA's annualized ROCE % for the quarter that ended in Jun. 2023 was 21.92%.

SBE-Varvit SpA ROCE % Historical Data

The historical data trend for SBE-Varvit 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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SBE-Varvit SpA ROCE % Chart

SBE-Varvit SpA Annual Data

Trend

Dec21

Dec22

ROCE %

13.55

20.33

SBE-Varvit SpA Semi-Annual Data
	Dec21	Jun22	Dec22	Jun23
ROCE %	-	27.74	13.89	21.92

SBE-Varvit SpA ROCE % Calculation

SBE-Varvit 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 )
	=	72.012	/	( ( (441.141 - 111.583)	+	(509.234 - 130.449) )	/ 2 )
	=	72.012	/	( (329.558	+	378.785)	/ 2 )
	=	72.012	/	354.1715
	=	20.33 %

SBE-Varvit 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 )
	=	85.552	/	( ( (509.234 - 130.449)	+	(533.007 - 131.314) )	/ 2 )
	=	85.552	/	( ( 378.785	+	401.693 )	/ 2 )
	=	85.552	/	390.239
	=	21.92 %

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

SBE-Varvit SpA (MIL:VARV) 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.

SBE-Varvit SpA ROCE % Related Terms

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SBE-Varvit SpA (MIL:VARV) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » SBE-Varvit SpA (MIL:VARV) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

O4W:Germany

Address

Via Lazzaretti 2/A, Reggio Emilia, ITA, 42122

Website

https://www.sbe.it

SBE-Varvit SpA is a company involved in the production of fasteners, mechanical fastening joints of fundamental importance for many industrial sectors. It is able to serve a large number of sectors by offering over twenty seven thousand references including screws, nuts and cold-pressed products, of which forteen thousand are manufactured internally, at its fully verticalized production facilities.

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