CIR SpA (MIL:CIR) ROCE % : 6.10% (As of Jun. 2024)

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What is CIR 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. CIR SpA's annualized ROCE % for the quarter that ended in Jun. 2024 was 6.10%.

CIR SpA ROCE % Historical Data

The historical data trend for CIR 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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CIR SpA ROCE % Chart

CIR SpA Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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3.53

0.79

3.99

2.96

6.50

CIR SpA 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															2.88	2.95	2.45	10.45	6.10

CIR SpA ROCE % Calculation

CIR 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 )
	=	160.768	/	( ( (3306.067 - 767.57)	+	(3231.263 - 820.879) )	/ 2 )
	=	160.768	/	( (2538.497	+	2410.384)	/ 2 )
	=	160.768	/	2474.4405
	=	6.50 %

CIR 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 )
	=	145.522	/	( ( (3231.263 - 820.879)	+	(3069.483 - 707.63) )	/ 2 )
	=	145.522	/	( ( 2410.384	+	2361.853 )	/ 2 )
	=	145.522	/	2386.1185
	=	6.10 %

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

CIR SpA (MIL:CIR) 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.

CIR SpA ROCE % Related Terms

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CIR SpA Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

0ONR:UK BN7:Germany

Address

Via Durini 9, Milan, ITA, 20122

Website

https://www.cirgroup.it

CIR SpA is a holding company engaged in the Automotive Components and Healthcare Sectors. It operates through two subsidiaries namely, the KOS group and the Sogefi group. Sogefi Group is engaged in providing automobile components that generate maximum revenue for the company. Its geographical operations are spread across Italy, Other European countries, North America, South America, and Asia. The company operates through four distinct segments which are Care Homes, which encompasses operations in Italy under the Anni Azzurri brand and in Germany under the Charleston brand; Rehabilitation, Psychiatric Care, and Non-Residential Care; and the Acute Care segment. It generates majority of the revenue from Care Homes segment.