Comal SpA (MIL:CML) ROCE % : 25.56% (As of Jun. 2024)

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What is Comal 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. Comal SpA's annualized ROCE % for the quarter that ended in Jun. 2024 was 25.56%.

Comal SpA ROCE % Historical Data

The historical data trend for Comal 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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Comal SpA ROCE % Chart

Comal SpA Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

ROCE %

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19.31

10.84

21.71

21.91

17.93

Comal SpA Semi-Annual Data
	Dec18	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24	Dec24
ROCE %	Get a 7-Day Free Trial							29.98	16.33	19.80	25.56	11.81

Comal SpA ROCE % Calculation

Comal 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 )
	=	8.303	/	( ( (87.096 - 54.494)	+	(87.096 - 43.918) )	/ 2 )
	=	8.303	/	( (32.602	+	43.178)	/ 2 )
	=	8.303	/	37.89
	=	21.91 %

Comal 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 )
	=	16.35	/	( ( (87.096 - 43.918)	+	(307.157 - 222.384) )	/ 2 )
	=	16.35	/	( ( 43.178	+	84.773 )	/ 2 )
	=	16.35	/	63.9755
	=	25.56 %

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

Comal SpA (MIL:CML) 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.

Comal SpA ROCE % Related Terms

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Comal SpA Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Comal SpA (MIL:CML) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Aurelia State Road KM 113, Montalto di Castro, Viterbo, ITA, 01014

Website

https://www.comalgroup.com

Comal SpA provides energy-related products and services. It is engaged in the engineering, construction, and installation of high-power photovoltaic plants, and has built various photovoltaic systems installed in Italy and South Africa, with an energy capacity of over 600 MW. The company also offers operation and maintenance services for solar panels.

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