Aeroporto Guglielmo Marconi di Bologna SpA (MIL:ADB) ROCE %

: 6.74% (As of Dec. 2023)

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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. Aeroporto Guglielmo Marconi di Bologna SpA's annualized ROCE % for the quarter that ended in Dec. 2023 was 6.74%.

Aeroporto Guglielmo Marconi di Bologna SpA ROCE % Historical Data

The historical data trend for Aeroporto Guglielmo Marconi di Bologna 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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Aeroporto Guglielmo Marconi di Bologna SpA Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

15.01

-7.48

-3.31

14.89

10.54

Aeroporto Guglielmo Marconi di Bologna SpA Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %																-1.24	3.62	13.50	18.54	6.74

Aeroporto Guglielmo Marconi di Bologna SpA ROCE % Calculation

Aeroporto Guglielmo Marconi di Bologna 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 )
	=	26.624	/	( ( (335.91 - 80.427)	+	(338.082 - 88.147) )	/ 2 )
	=	26.624	/	( (255.483	+	249.935)	/ 2 )
	=	26.624	/	252.709
	=	10.54 %

Aeroporto Guglielmo Marconi di Bologna 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: Sep. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	16.78	/	( ( (336.679 - 88.738)	+	(338.082 - 88.147) )	/ 2 )
	=	16.78	/	( ( 247.941	+	249.935 )	/ 2 )
	=	16.78	/	248.938
	=	6.74 %

(1) Note: The EBIT data used here is four times the quarterly (Dec. 2023) EBIT data.

Aeroporto Guglielmo Marconi di Bologna SpA (MIL:ADB) 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.

Aeroporto Guglielmo Marconi di Bologna SpA ROCE % Related Terms

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Aeroporto Guglielmo Marconi di Bologna SpA (MIL:ADB) Business Description

Industry

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Comparable Companies

Traded in Other Exchanges

169:Germany

Address

Via Triumvirato 84, Bologna, ITA, 40132

Website

https://www.bologna-airport.it

Aeroporto Guglielmo Marconi di Bologna SpA is engaged in the airport operations. It operates with three business units Aviation, Non-Aviation, and Other. Aviation unit is responsible for providing security services, information to the public and airport users, development of the airport infrastructure and service to passengers whereas Non-Aviation unit is concern about parking management, retail sub-concessions, advertising, passenger services and real estate management areas. The group generates revenue through Carriers, Airport Operators, Traffic incentives and Construction Services.

Aeroporto Guglielmo Marconi di Bologna SpA (MIL:ADB) Headlines

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