Cleanbnb SpA (MIL:CBB) ROCE % : 6.87% (As of Jun. 2024)

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What is Cleanbnb 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. Cleanbnb SpA's annualized ROCE % for the quarter that ended in Jun. 2024 was 6.87%.

Cleanbnb SpA ROCE % Historical Data

The historical data trend for Cleanbnb 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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Cleanbnb SpA ROCE % Chart

Cleanbnb SpA Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-88.87

-88.13

-54.11

-1.96

15.93

Cleanbnb SpA Semi-Annual Data
	Dec17	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
ROCE %	Get a 7-Day Free Trial								-28.69	27.24	-20.99	58.78	6.87

Cleanbnb SpA ROCE % Calculation

Cleanbnb 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 )
	=	0.386	/	( ( (9.421 - 6.927)	+	(8.492 - 6.139) )	/ 2 )
	=	0.386	/	( (2.494	+	2.353)	/ 2 )
	=	0.386	/	2.4235
	=	15.93 %

Cleanbnb 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 )
	=	0.156	/	( ( (8.492 - 6.139)	+	(10.084 - 7.898) )	/ 2 )
	=	0.156	/	( ( 2.353	+	2.186 )	/ 2 )
	=	0.156	/	2.2695
	=	6.87 %

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

Cleanbnb SpA (MIL:CBB) 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.

Cleanbnb SpA ROCE % Related Terms

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Cleanbnb SpA Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Cleanbnb SpA (MIL:CBB) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Via Giuseppe Frua 20, Milano, ITA, 20146

Website

https://www.cleanbnb.net

Cleanbnb SpA is an Italy-based company engaged in the management of apartments and holiday homes for short-term rentals. The service offerings of the company include Booking Management, Welcoming guests, Cleaning and Linen, Property management, and Bureaucratic Management among others.