Caleffi SpA (MIL:CLF) ROCE % : 11.57% (As of Dec. 2023)

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What is Caleffi 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. Caleffi SpA's annualized ROCE % for the quarter that ended in Dec. 2023 was 11.57%.

Caleffi SpA ROCE % Historical Data

The historical data trend for Caleffi 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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Caleffi SpA ROCE % Chart

Caleffi SpA Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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2.27

14.79

13.66

9.24

7.08

Caleffi SpA Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
ROCE %	Get a 7-Day Free Trial															14.09	6.39	12.70	3.18	11.57

Caleffi SpA ROCE % Calculation

Caleffi 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 )
	=	2.618	/	( ( (59.039 - 21.656)	+	(55.909 - 19.339) )	/ 2 )
	=	2.618	/	( (37.383	+	36.57)	/ 2 )
	=	2.618	/	36.9765
	=	7.08 %

Caleffi SpA's ROCE % of for the quarter that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2023 )		(Q: Jun. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Jun. 2023 )		(Q: Dec. 2023 )
	=	4.096	/	( ( (58.107 - 23.847)	+	(55.909 - 19.339) )	/ 2 )
	=	4.096	/	( ( 34.26	+	36.57 )	/ 2 )
	=	4.096	/	35.415
	=	11.57 %

(1) Note: The EBIT data used here is two times the semi-annual (Dec. 2023) EBIT data.

Caleffi SpA (MIL:CLF) 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.

Caleffi SpA ROCE % Related Terms

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Caleffi SpA (MIL:CLF) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Caleffi SpA (MIL:CLF) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Via Belfiore, 24, Viadana, ITA, 46019

Website

http://www.caleffionline.it

Caleffi SpA is engaged in the production and sale of household linen, both in Italy and abroad. The company produces quilts, duvets, duvet covers, sheet sets, and other linens. The company offers for winter bed covers, bath sponge, summer bed covers, living accessories, bed sheets, baby bed, and duvet covers.