Bellini Nautica SpA (MIL:BELL) ROCE % : -5.01% (As of Dec. 2023)

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What is Bellini Nautica 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. Bellini Nautica SpA's annualized ROCE % for the quarter that ended in Dec. 2023 was -5.01%.

Bellini Nautica SpA ROCE % Historical Data

The historical data trend for Bellini Nautica 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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Bellini Nautica SpA ROCE % Chart

Bellini Nautica SpA Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

ROCE %

1.31

53.62

19.21

4.69

Bellini Nautica SpA Semi-Annual Data
	Dec20	Dec21	Jun22	Dec22	Jun23	Dec23
ROCE %	Get a 7-Day Free Trial			-	21.29	11.92	14.40	-5.01

Bellini Nautica SpA ROCE % Calculation

Bellini Nautica 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 )
	=	0.397	/	( ( (13.937 - 6.183)	+	(17.886 - 8.7) )	/ 2 )
	=	0.397	/	( (7.754	+	9.186)	/ 2 )
	=	0.397	/	8.47
	=	4.69 %

Bellini Nautica 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 )
	=	-0.48	/	( ( (15.061 - 5.093)	+	(17.886 - 8.7) )	/ 2 )
	=	-0.48	/	( ( 9.968	+	9.186 )	/ 2 )
	=	-0.48	/	9.577
	=	-5.01 %

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

Bellini Nautica SpA (MIL:BELL) 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.

Bellini Nautica SpA ROCE % Related Terms

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Bellini Nautica SpA (MIL:BELL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Bellini Nautica SpA (MIL:BELL) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

F2F:Germany

Address

Via Carlo Lanza 28, Clusane d'Iseo, Via Carlo Lanza 28,, ITA, 25049

Website

https://www.bellininautica.it

Bellini Nautica SpA offers recreational vehicles. It engages in the sale of new Cranchi yachts and used Riva speed boats, dinghies, and motor boats. It restores collectable Riva boats and sells accessories such as Garmin, Fusion, Navigon, Navionics, and Raymarine nautical apparel.

Bellini Nautica SpA (MIL:BELL) Headlines

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