Fiera Milano SpA (LTS:0EGH) ROCE % : -5.17% (As of Sep. 2024)

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What is Fiera Milano 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. Fiera Milano SpA's annualized ROCE % for the quarter that ended in Sep. 2024 was -5.17%.

Fiera Milano SpA ROCE % Historical Data

The historical data trend for Fiera Milano 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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Fiera Milano SpA ROCE % Chart

Fiera Milano SpA Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

ROCE %

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-6.44

5.28

1.68

9.46

4.36

Fiera Milano SpA Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
ROCE %	Get a 7-Day Free Trial															28.51	9.33	14.72	-5.17	2.98

Fiera Milano SpA ROCE % Calculation

Fiera Milano SpA's annualized ROCE % for the fiscal year that ended in Dec. 2024 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2024 )		(A: Dec. 2023 )		(A: Dec. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2024 )		(A: Dec. 2023 )		(A: Dec. 2024 )
	=	21.67	/	( ( (754.53 - 223.939)	+	(658.665 - 194.494) )	/ 2 )
	=	21.67	/	( (530.591	+	464.171)	/ 2 )
	=	21.67	/	497.381
	=	4.36 %

Fiera Milano 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 )
	=	-25.888	/	( ( (690.823 - 180.716)	+	(692.059 - 200.936) )	/ 2 )
	=	-25.888	/	( ( 510.107	+	491.123 )	/ 2 )
	=	-25.888	/	500.615
	=	-5.17 %

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

Fiera Milano SpA (LTS:0EGH) 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.

Fiera Milano SpA ROCE % Related Terms

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Fiera Milano SpA Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Fiera Milano SpA (LTS:0EGH) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

FM:Italy FM3:Germany

Address

Strada Statale del Sempione, Rho, Milan, ITA, 28-20017

Website

https://www.fieramilano.it

Fiera Milano SpA is a trade fair company. Its operating segments include Italian Exhibitions Business, Foreign Exhibitions Business, and Congresses. The Italian Exhibitions and Foreign Exhibitions segment covers all activities for organizing and hosting exhibitions and other events in Italy and abroad through the use, promotion, and offer of furnished exhibition spaces, project support, and ancillary services. It also engages in stand-fitting, technical, and exhibition site services. The Congresses segment covers the management of conferences and events. It generates the majority of the revenue from Italian exhibitions.

Fiera Milano SpA Headlines

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