Class Editori SpA (MIL:CLE) ROCE % : 2.21% (As of Sep. 2024)

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What is Class Editori 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. Class Editori SpA's annualized ROCE % for the quarter that ended in Sep. 2024 was 2.21%.

Class Editori SpA ROCE % Historical Data

The historical data trend for Class Editori 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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Class Editori SpA ROCE % Chart

Class Editori SpA Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-6.85

-13.83

-12.61

33.02

5.29

Class Editori SpA Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
ROCE %	Get a 7-Day Free Trial															4.57	9.12	1.53	-21.14	2.21

Class Editori SpA ROCE % Calculation

Class Editori 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 )
	=	4.372	/	( ( (180.132 - 98.602)	+	(170.6 - 86.862) )	/ 2 )
	=	4.372	/	( (81.53	+	83.738)	/ 2 )
	=	4.372	/	82.634
	=	5.29 %

Class Editori SpA's ROCE % of for the quarter that ended in Sep. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2024 )		(Q: Jun. 2024 )		(Q: Sep. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2024 )		(Q: Jun. 2024 )		(Q: Sep. 2024 )
	=	1.728	/	( ( (167.322 - 89.141)	+	(0 - 0) )	/ 1 )
	=	1.728	/	( ( 78.181	+	0 )	/ 1 )
	=	1.728	/	78.181
	=	2.21 %

(1) Note: The EBIT data used here is four times the quarterly (Sep. 2024) EBIT data.

Class Editori SpA (MIL:CLE) 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.

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Class Editori SpA Business Description

Industry

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Address

Via Burigozzo 5, Milan, ITA, 20122

Website

http://www.classeditori.com

Class Editori SpA publishes and distributes newspapers and magazines, including the Italian financial daily MF/Milano Finanza. It also publishes on the Internet and owns a real-time financial data provider. The company publishes business and financial news, fashion, luxury, and lifestyle information. It is involved in the electronic publishing activities, which supply data, information, and financial news through various multimedia platforms, including cable, satellite, Intranet, Internet, TV, and instore/radio.

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