BasicNet SpA (MIL:BAN) ROCE % : 18.00% (As of Dec. 2023)

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What is BasicNet 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. BasicNet SpA's annualized ROCE % for the quarter that ended in Dec. 2023 was 18.00%.

BasicNet SpA ROCE % Historical Data

The historical data trend for BasicNet 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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BasicNet SpA ROCE % Chart

BasicNet SpA Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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19.75

4.38

15.49

19.57

14.27

BasicNet SpA Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
ROCE %	Get a 7-Day Free Trial															23.03	15.26	24.07	11.28	18.00

BasicNet SpA ROCE % Calculation

BasicNet 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 )
	=	37.308	/	( ( (453.114 - 197.42)	+	(460.752 - 193.706) )	/ 2 )
	=	37.308	/	( (255.694	+	267.046)	/ 2 )
	=	37.308	/	261.37
	=	14.27 %

BasicNet 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: Jun. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Jun. 2023 )		(Q: Dec. 2023 )
	=	46.262	/	( ( (446.882 - 200.048)	+	(460.752 - 193.706) )	/ 2 )
	=	46.262	/	( ( 246.834	+	267.046 )	/ 2 )
	=	46.262	/	256.94
	=	18.00 %

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

BasicNet SpA (MIL:BAN) 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.

BasicNet SpA ROCE % Related Terms

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BasicNet SpA (MIL:BAN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » BasicNet SpA (MIL:BAN) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

BCJ:Germany

Address

Largo Maurizio Vitale, 1, Torino, ITA, 10152

Website

http://www.basicnet.com

BasicNet SpA is an Italian company which is engaged in distribution and development of leisurewear and sportswear, footwear and accessories for various brands including Kappa, Robe di Kappa, Jesus Jeans, Lanzera, K-Way, Superga, AB Besson, Sabelt, and Briko. The company also develops service activities such as the creation of new software for the online management of all supply chain processes, product research, and development, communication and sourcing for the distribution of its products through a global network of independent licensees. Its business is divided into two segments namely Clothing, footwear and accessories, Property.

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