ELSA Solutions SpA (FRA:7TX) ROCE % : 20.81% (As of Dec. 2023)

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What is ELSA Solutions 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. ELSA Solutions SpA's annualized ROCE % for the quarter that ended in Dec. 2023 was 20.81%.

ELSA Solutions SpA ROCE % Historical Data

The historical data trend for ELSA Solutions 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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ELSA Solutions SpA ROCE % Chart

ELSA Solutions SpA Annual Data

Trend

Dec21

Dec22

Dec23

ROCE %

9.80

15.64

20.81

ELSA Solutions SpA Semi-Annual Data
	Dec21	Dec22	Dec23
ROCE %	9.80	15.64	20.81

ELSA Solutions SpA ROCE % Calculation

ELSA Solutions 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 )
	=	2.074	/	( ( (17.939 - 10.738)	+	(22.53 - 9.794) )	/ 2 )
	=	2.074	/	( (7.201	+	12.736)	/ 2 )
	=	2.074	/	9.9685
	=	20.81 %

ELSA Solutions 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: Dec. 2022 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Dec. 2022 )		(Q: Dec. 2023 )
	=	2.074	/	( ( (17.939 - 10.738)	+	(22.53 - 9.794) )	/ 2 )
	=	2.074	/	( ( 7.201	+	12.736 )	/ 2 )
	=	2.074	/	9.9685
	=	20.81 %

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

ELSA Solutions SpA (FRA:7TX) 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.

ELSA Solutions SpA ROCE % Related Terms

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ELSA Solutions SpA (FRA:7TX) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » ELSA Solutions SpA (FRA:7TX) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

ELSA:Italy

Address

Via P. Patarini 15, Imola, ITA, 40026

Website

https://www.elsaweb.it

ELSA Solutions SpA is a company engaged in in the motion control and special purpose batteries sector. It operates through two business lines: the E-Motion line, dedicated to the system integrator activity of industrial automation systems (motion control), with which it offers solutions and components for operation, management and the control of the movement of mechanical systems in the field of industrial automation and the movement of precision, and the Aliant line, dedicated to the assembly of special purpose battery systems, in particular lithium batteries and in the hydrogen systems sector in which the Company operates as an OEM (Original Equipment Manufacturer) and ODM (Original Design Manufacturing.

ELSA Solutions SpA (FRA:7TX) Headlines

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