Infrastrutture Wireless Italiane SpA (CHIX:INWM) ROCE % : 6.60% (As of Sep. 2024)

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What is Infrastrutture Wireless Italiane 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. Infrastrutture Wireless Italiane SpA's annualized ROCE % for the quarter that ended in Sep. 2024 was 6.60%.

Infrastrutture Wireless Italiane SpA ROCE % Historical Data

The historical data trend for Infrastrutture Wireless Italiane 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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Infrastrutture Wireless Italiane SpA ROCE % Chart

Infrastrutture Wireless Italiane SpA Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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10.46

4.79

3.41

4.18

5.27

Infrastrutture Wireless Italiane SpA Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
ROCE %	Get a 7-Day Free Trial															5.94	4.18	5.76	5.94	6.60

Infrastrutture Wireless Italiane SpA ROCE % Calculation

Infrastrutture Wireless Italiane 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 )
	=	459.339	/	( ( (9261.882 - 467.911)	+	(9350.657 - 703.38) )	/ 2 )
	=	459.339	/	( (8793.971	+	8647.277)	/ 2 )
	=	459.339	/	8720.624
	=	5.27 %

Infrastrutture Wireless Italiane SpA's ROCE % of for the quarter that ended in Sep. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2024 )		(Q: Jun. 2024 )		(Q: Sep. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2024 )		(Q: Jun. 2024 )		(Q: Sep. 2024 )
	=	560.456	/	( ( (9316.752 - 865.984)	+	(9330.779 - 810.05) )	/ 2 )
	=	560.456	/	( ( 8450.768	+	8520.729 )	/ 2 )
	=	560.456	/	8485.7485
	=	6.60 %

(1) Note: The EBIT data used here is four times the quarterly (Sep. 2024) EBIT data.

Infrastrutture Wireless Italiane SpA (CHIX:INWm) 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.

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Infrastrutture Wireless Italiane SpA Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Infrastrutture Wireless Italiane SpA (CHIX:INWm) » Definitions » ROCE %

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INW:Italy 0R8S:UK WI8:Germany

Address

Piazza Trento, 10, Rome, ITA, 00198

Website

https://www.inwit.it

Inwit is an Italian wireless tower company born from the spinoff of Telecom Italia's tower assets in 2015. In 2020, Inwit merged its tower assets with those of Vodafone Italia, creating a tower leader in the Italian market with a high-quality portfolio derived from the networks created by Telecom Italia and Vodafone over the past two decades. Inwit owns 23,000 towers, having the highest tenancy ratio and EBITDA margin among the European tower firms. Cellnex is Inwit's main competitor in Italy, owning a similar number of towers.

Infrastrutture Wireless Italiane SpA Headlines

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