Circle SpA (MIL:CIRC) ROCE % : 19.01% (As of Jun. 2024)

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What is Circle 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. Circle SpA's annualized ROCE % for the quarter that ended in Jun. 2024 was 19.01%.

Circle SpA ROCE % Historical Data

The historical data trend for Circle 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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Circle SpA ROCE % Chart

Circle SpA Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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12.59

0.73

9.22

10.92

19.31

Circle SpA Semi-Annual Data
	Dec15	Dec16	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
ROCE %	Get a 7-Day Free Trial											10.05	11.88	29.15	9.68	19.01

Circle SpA ROCE % Calculation

Circle 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 )
	=	2.047	/	( ( (14.631 - 4.828)	+	(15.933 - 4.54) )	/ 2 )
	=	2.047	/	( (9.803	+	11.393)	/ 2 )
	=	2.047	/	10.598
	=	19.31 %

Circle 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 )
	=	2.588	/	( ( (15.933 - 4.54)	+	(21.985 - 6.152) )	/ 2 )
	=	2.588	/	( ( 11.393	+	15.833 )	/ 2 )
	=	2.588	/	13.613
	=	19.01 %

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

Circle SpA (MIL:CIRC) 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.

Circle SpA ROCE % Related Terms

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Circle SpA Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Circle SpA (MIL:CIRC) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Via G. Battista Pergolesi 26, Milan, ITA, 20124

Website

https://www.circletouch.eu

Circle SpA is engaged in providing consulting services, technological solutions, and digital marketing services to companies operating predominantly in the logistics and transportation sectors. It provides strategic consulting services in the fields of port management, logistics, and transport, and also develops software solutions to optimize flow management and improve logistics processes. The company's service offerings in the digital marketing sector include; services for the analysis, identification, and use of multi-channel communication tools for the implementation of digital marketing strategies.

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