Conafi SpA (MIL:CNF) ROCE % : -22.80% (As of Dec. 2023)

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What is Conafi 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. Conafi SpA's annualized ROCE % for the quarter that ended in Dec. 2023 was -22.80%.

Conafi SpA ROCE % Historical Data

The historical data trend for Conafi 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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Conafi SpA ROCE % Chart

Conafi SpA Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-12.81

-12.17

-9.49

-1.39

-20.14

Conafi 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															-10.99	-9.95	8.05	-17.32	-22.80

Conafi SpA ROCE % Calculation

Conafi 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 )
	=	-4.061	/	( ( (25.91 - 4.049)	+	(22.828 - 4.371) )	/ 2 )
	=	-4.061	/	( (21.861	+	18.457)	/ 2 )
	=	-4.061	/	20.159
	=	-20.14 %

Conafi 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 )
	=	-4.448	/	( ( (25.381 - 4.813)	+	(22.828 - 4.371) )	/ 2 )
	=	-4.448	/	( ( 20.568	+	18.457 )	/ 2 )
	=	-4.448	/	19.5125
	=	-22.80 %

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

Conafi SpA (MIL:CNF) 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.

Conafi SpA ROCE % Related Terms

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Conafi SpA (MIL:CNF) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » Conafi SpA (MIL:CNF) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Via Aldo Barbaro, 15, Turin, ITA, 10143

Website

http://www.conafi.it

Conafi SpA is engaged in the provision of personal loans products. The company is active in brokering and financial services, specializing in loans with repayment by assignment of the fifth salary or pension and payment of state and public or private company.