ALA SpA (MIL:ALA) ROCE % : 24.22% (As of Jun. 2024)

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What is ALA 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. ALA SpA's annualized ROCE % for the quarter that ended in Jun. 2024 was 24.22%.

ALA SpA ROCE % Historical Data

The historical data trend for ALA 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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ALA SpA ROCE % Chart

ALA SpA Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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24.76

22.19

16.34

14.91

18.96

ALA SpA Semi-Annual Data
	Dec18	Dec19	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
ROCE %	Get a 7-Day Free Trial					14.16	18.49	18.61	20.75	24.22

ALA SpA ROCE % Calculation

ALA 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 )
	=	21.288	/	( ( (161.73 - 54.203)	+	(203.383 - 86.326) )	/ 2 )
	=	21.288	/	( (107.527	+	117.057)	/ 2 )
	=	21.288	/	112.292
	=	18.96 %

ALA SpA's ROCE % of for the quarter that ended in Jun. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jun. 2024 )		(Q: Dec. 2023 )		(Q: Jun. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jun. 2024 )		(Q: Dec. 2023 )		(Q: Jun. 2024 )
	=	28.142	/	( ( (203.383 - 86.326)	+	(214.481 - 99.15) )	/ 2 )
	=	28.142	/	( ( 117.057	+	115.331 )	/ 2 )
	=	28.142	/	116.194
	=	24.22 %

(1) Note: The EBIT data used here is two times the semi-annual (Jun. 2024) EBIT data.

ALA SpA (MIL:ALA) 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.

ALA SpA ROCE % Related Terms

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ALA SpA Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Distribution » ALA SpA (MIL:ALA) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

8WD:Germany

Address

54 Viale JF Kennedy, Mostra d'Oltremare, Naples, ITA, 80125

Website

https://www.alacorporation.com

ALA SpA is a distributor and supply chain solutions provider to the industrial markets. It is involved in the distribution of components and equipment for use in the civil and military aeronautical sectors. The company also offers integrated logistics services for the rail, energy, and marine sectors. Its various product offerings include power systems, oxygen systems, gate valves, protection valves, fasteners, regulators, and others. Geographically, the company derives maximum revenue from its business in Italy and the rest from other parts of the European Union, and other regions.

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