Safilo Group SpA (Safilo Group SpA) ROCE % : -4.90% (As of Dec. 2023)

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What is Safilo Group 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. Safilo Group SpA's annualized ROCE % for the quarter that ended in Dec. 2023 was -4.90%.

Safilo Group SpA ROCE % Historical Data

The historical data trend for Safilo Group 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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Safilo Group SpA ROCE % Chart

Safilo Group SpA Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-43.32

-14.12

7.75

11.01

-1.28

Safilo Group SpA Semi-Annual Data
	Jun14	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															9.89	14.18	7.73	2.16	-4.90

Safilo Group SpA ROCE % Calculation

Safilo Group 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 )
	=	-8.369	/	( ( (1017.233 - 331.093)	+	(932.892 - 315.246) )	/ 2 )
	=	-8.369	/	( (686.14	+	617.646)	/ 2 )
	=	-8.369	/	651.893
	=	-1.28 %

Safilo Group 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 )
	=	-31.398	/	( ( (989.082 - 325.375)	+	(932.892 - 315.246) )	/ 2 )
	=	-31.398	/	( ( 663.707	+	617.646 )	/ 2 )
	=	-31.398	/	640.6765
	=	-4.90 %

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

Safilo Group SpA (OTCPK:SAFLY) 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.

Safilo Group SpA ROCE % Related Terms

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Safilo Group SpA (Safilo Group SpA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Safilo Group SpA (OTCPK:SAFLY) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

SAFLF:USA SFL:Italy 0NJ5:UK S5U5:Germany

Address

Settima Strada, 15, Padua, ITA, 35129

Website

https://www.safilogroup.com

Safilo Group SpA makes sunglasses and prescription eyewear. It is engaged in design, production, and wholesale distribution of its products through a network of independent distributors and commercial subsidiaries. Its products are sold through the Carrera, Smith, Polaroid and Oxydo brands, as well as a range of other licensed brands. The company operates solely through the wholesale segment channels and divides itself into the following four geographical segments: Italy, Europe, America, and Asia. The company earns most of its revenue from the America business segment.

Safilo Group SpA (Safilo Group SpA) Headlines

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