Bestbe Holding (MIL:BES) ROCE % : -77.08% (As of Jun. 2024)

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What is Bestbe Holding 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. Bestbe Holding's annualized ROCE % for the quarter that ended in Jun. 2024 was -77.08%.

Bestbe Holding ROCE % Historical Data

The historical data trend for Bestbe Holding'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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Bestbe Holding ROCE % Chart

Bestbe Holding Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-1.26

-1.11

-222.43

-1,519.34

Bestbe Holding Semi-Annual Data
	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
ROCE %	Get a 7-Day Free Trial															-136.58	-	-	-8,187.02	-77.08

Bestbe Holding ROCE % Calculation

Bestbe Holding'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 )
	=	-10.096	/	( ( (4.423 - 6.409)	+	(11.11 - 7.795) )	/ 2 )
	=	-10.096	/	( (-1.986	+	3.315)	/ 2 )
	=	-10.096	/	0.6645
	=	-1,519.34 %

Bestbe Holding'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 )
	=	-1.512	/	( ( (11.11 - 7.795)	+	(8.348 - 7.74) )	/ 2 )
	=	-1.512	/	( ( 3.315	+	0.608 )	/ 2 )
	=	-1.512	/	1.9615
	=	-77.08 %

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

Bestbe Holding (MIL:BES) 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.

Bestbe Holding ROCE % Related Terms

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Bestbe Holding Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Bestbe Holding (MIL:BES) » Definitions » ROCE %

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Traded in Other Exchanges

N/A

Address

Corso XXII marzo 19, Lombardia, Milano, ITA, 20129

Website

https://www.bestbeholding.com

Bestbe Holding is an investment company that specializes in acquiring shares in small and medium-sized businesses operating in the following sectors: industrial (fabrication of plastic products), textile (production of threads, fabrics, and clothing), and financial (financial consulting, financing for industrial projects, etc.).

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