Natuzzi SPA (Natuzzi SPA) ROCE % : -1.07% (As of Sep. 2023)

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What is Natuzzi 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. Natuzzi SPA's annualized ROCE % for the quarter that ended in Sep. 2023 was -1.07%.

Natuzzi SPA ROCE % Historical Data

The historical data trend for Natuzzi 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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Natuzzi SPA ROCE % Chart

Natuzzi SPA Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

ROCE %

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22.80

-11.91

-7.73

7.02

5.12

Natuzzi SPA Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
ROCE %	Get a 7-Day Free Trial															17.69	-8.61	-2.36	6.03	-1.07

Natuzzi SPA ROCE % Calculation

Natuzzi 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 )
	=	10.63	/	( ( (440.714 - 224.522)	+	(390.474 - 191.508) )	/ 2 )
	=	10.63	/	( (216.192	+	198.966)	/ 2 )
	=	10.63	/	207.579
	=	5.12 %

Natuzzi SPA's ROCE % of for the quarter that ended in Sep. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2023 )		(Q: Jun. 2023 )		(Q: Sep. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2023 )		(Q: Jun. 2023 )		(Q: Sep. 2023 )
	=	-2.136	/	( ( (371.398 - 169.772)	+	(362.006 - 163.607) )	/ 2 )
	=	-2.136	/	( ( 201.626	+	198.399 )	/ 2 )
	=	-2.136	/	200.0125
	=	-1.07 %

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

Natuzzi SPA (NYSE:NTZ) 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.

Natuzzi SPA ROCE % Related Terms

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Natuzzi SPA (Natuzzi SPA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Furnishings, Fixtures & Appliances » Natuzzi SPA (NYSE:NTZ) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Via Iazzitiello 47, Santeramo in Colle, Bari, ITA, 70029

Website

https://www.natuzzi.com

Natuzzi SPA is an Italian firm that designs, manufactures, and sells contemporary and traditional leather and fabric-upholstered furniture. Its product portfolio including sofas, loveseats, armchairs, sectional furniture, motion furniture and sofa beds, living room furnishings, and accessories. The company markets its products under several brands such as Natuzzi Italia, Private label, and Natuzzi Editions. Geographically, it derives a majority of revenue from the United States of America and also has an international presence in Italy, Spain, UK, Spain, Spain and Other countries.