Openjobmetis SpA Agenzia per il Lavoro (LTS:0RD2) ROCE % : 12.58% (As of Mar. 2024)

View and export this data going back to 2015. Start your Free Trial

What is Openjobmetis SpA Agenzia per il Lavoro 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. Openjobmetis SpA Agenzia per il Lavoro's annualized ROCE % for the quarter that ended in Mar. 2024 was 12.58%.

Openjobmetis SpA Agenzia per il Lavoro ROCE % Historical Data

The historical data trend for Openjobmetis SpA Agenzia per il Lavoro'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.

* Premium members only.

Openjobmetis SpA Agenzia per il Lavoro ROCE % Chart

Openjobmetis SpA Agenzia per il Lavoro Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

Get a 7-Day Free Trial

13.89

6.42

10.17

13.51

13.13

Openjobmetis SpA Agenzia per il Lavoro Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial															9.87	15.98	16.43	11.40	12.58

Openjobmetis SpA Agenzia per il Lavoro ROCE % Calculation

Openjobmetis SpA Agenzia per il Lavoro'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 )
	=	21.203	/	( ( (307.9 - 151.617)	+	(306.377 - 139.664) )	/ 2 )
	=	21.203	/	( (156.283	+	166.713)	/ 2 )
	=	21.203	/	161.498
	=	13.13 %

Openjobmetis SpA Agenzia per il Lavoro's ROCE % of for the quarter that ended in Mar. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	22.124	/	( ( (306.377 - 139.664)	+	(370.25 - 185.158) )	/ 2 )
	=	22.124	/	( ( 166.713	+	185.092 )	/ 2 )
	=	22.124	/	175.9025
	=	12.58 %

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

Openjobmetis SpA Agenzia per il Lavoro (LTS:0RD2) 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.

Openjobmetis SpA Agenzia per il Lavoro ROCE % Related Terms

Thank you for viewing the detailed overview of Openjobmetis SpA Agenzia per il Lavoro's ROCE % provided by GuruFocus.com. Please click on the following links to see related term pages.

Openjobmetis SpA Agenzia per il Lavoro (LTS:0RD2) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Openjobmetis SpA Agenzia per il Lavoro (LTS:0RD2) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

OJM:Italy

Address

Via Marsala 40/C, Centro Direzionale Le Torri, Varese, Gallarate, ITA, 21013

Website

https://www.openjobmetis.it

Openjobmetis SpA Agenzia per il Lavoro provides recruitment services. The firm offers solutions such as general staffing, professional staffing, and human resources solutions. The company's activities include supplying, recruiting, outplacement, and train personnel.

Openjobmetis SpA Agenzia per il Lavoro (LTS:0RD2) Headlines

No Headlines