Friends SpA (MIL:AMI) ROCE %: -8.96% (As of Dec. 2025)

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MIL:AMI Friends SpA MIL:AMI
9 GF Score
Price €1.58
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What is Friends SpA ROCE %?

Friends SpA MIL:AMI 9 ROCE % is -8.96% as of Dec. 2025. GuruFocus rates MIL:AMI with a GF Score™ of 9/100.

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. Friends SpA's annualized ROCE % for the quarter that ended in Dec. 2025 was -8.96%.

Friends SpA  (MIL:AMI) 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.

Friends SpA ROCE % Related Terms

Friends SpA ROCE % Historical Data

* Premium members only.

The historical data trend for Friends 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.

Friends SpA ROCE % Chart

Friends SpA Annual Data
Trend Dec24 Dec25
ROCE %
-35.14 -4.49

Friends SpA Semi-Annual Data
Dec24 Jun25 Dec25
ROCE % 0.00 -5.48 -8.96
MIL:AMI
9GF Score
Friends SpA MIL:AMI
ROCE % is just one metric. See GF Score™, valuation, warning signs, and more.
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Friends SpA ROCE % Calculation

Friends SpA's annualized ROCE % for the fiscal year that ended in Dec. 2025 is calculated as:

ROCE %=EBIT/( (Capital Employed+Capital Employed)/ count )
(A: Dec. 2025 )  (A: Dec. 2024 )(A: Dec. 2025 )
=EBIT/( ( (Total Assets - Total Current Liabilities)+(Total Assets - Total Current Liabilities) )/ count )
(A: Dec. 2025 )  (A: Dec. 2024 )(A: Dec. 2025 )
=-0.311/( ( (0.052 - 0.015) + (14.971 - 1.167) )/ 2 )
=-0.311/( (0.037+13.804)/ 2 )
=-0.311/6.9205
=-4.49 %

Friends SpA's ROCE % of for the quarter that ended in Dec. 2025 is calculated as:

ROCE %=EBIT (1)/( (Capital Employed+Capital Employed)/ count )
(Q: Dec. 2025 )  (Q: Jun. 2025 )(Q: Dec. 2025 )
=EBIT/( ( (Total Assets - Total Current Liabilities)+(Total Assets - Total Current Liabilities) )/ count )
(Q: Dec. 2025 )  (Q: Jun. 2025 )(Q: Dec. 2025 )
=-0.62/( ( (0.131 - 0.095) + (14.971 - 1.167) )/ 2 )
=-0.62/( ( 0.036 + 13.804 )/ 2 )
=-0.62/6.92
=-8.96 %

(1) Note: The EBIT data used here is two times the semi-annual (Dec. 2025) EBIT data.

* 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.

Frequently Asked Questions Learn more about ROCE % →
What does a ROCE % of -8.96% mean?
Friends SpA (MIL:AMI) has a ROCE % of -8.96% as of Dec. 2025.
Is Friends SpA's ROCE % too high?
Friends SpA's current ROCE % is -8.96%. Overall, Friends SpA has a GF Score™ of 9/100, reflecting its overall financial health beyond just this single metric.
How does Friends SpA's ROCE % compare to NFLX and DIS?
Friends SpA's ROCE % of -8.96% can be compared against companies in the Media - Diversified industry. The industry median ROCE % is 3.08. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good ROCE % for a Media - Diversified company?
The median ROCE % among Media - Diversified companies is 3.08, based on 979 companies in the industry. Companies in the top quartile (top 25%) have a ROCE % significantly above this median, while those in the bottom quartile fall well below. However, ROCE % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high ROCE % mean?
A high ROCE % can signal that a stock is expensive relative to its fundamentals. For the Media - Diversified industry, the median ROCE % is 3.08 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Friends SpA's current ROCE % is -8.96%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Friends SpA stock overvalued right now?
Friends SpA (MIL:AMI) has a current ROCE % of -8.96%. The current ROCE % is -8.96%. Friends SpA's overall GF Score™ is 9/100. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is ROCE % calculated?
ROCE % is calculated from a company's financial statements. For Friends SpA (MIL:AMI), the current ROCE % is -8.96% as of Dec. 2025. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Friends SpA Business Description

Address Via dei Sormani, 3, Milan, ITA, 20144
Friends SpA operates in the live music and events sector. It handles various activities, including concerts, sponsorships, events, television productions, and multimedia. The company is currently organized into several divisions, each specialized and dedicated to different business sectors, pursuing corporate objectives and actively collaborating with each other, combining people and skills: Direction and Management, Concerts, Events & TV, Production, Management, Artist Management, Creative Division, Ticketing, Promotion & Digital Marketing.
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ROCE % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

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