Copernico Sim SpA (MIL:COP) ROCE % : 2.93% (As of Jun. 2024)

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What is Copernico Sim 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. Copernico Sim SpA's annualized ROCE % for the quarter that ended in Jun. 2024 was 2.93%.

Copernico Sim SpA ROCE % Historical Data

The historical data trend for Copernico Sim 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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Copernico Sim SpA ROCE % Chart

Copernico Sim SpA Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-4.91

-4.73

-3.36

0.89

2.20

Copernico Sim SpA Semi-Annual Data
	Dec16	Dec17	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
ROCE %	Get a 7-Day Free Trial									3.50	-1.75	0.22	4.24	2.93

Copernico Sim SpA ROCE % Calculation

Copernico Sim 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 )
	=	0.141	/	( ( (7.625 - 1.228)	+	(7.777 - 1.345) )	/ 2 )
	=	0.141	/	( (6.397	+	6.432)	/ 2 )
	=	0.141	/	6.4145
	=	2.20 %

Copernico Sim 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 )
	=	0.198	/	( ( (7.777 - 1.345)	+	(7.116 - 0.01) )	/ 2 )
	=	0.198	/	( ( 6.432	+	7.106 )	/ 2 )
	=	0.198	/	6.769
	=	2.93 %

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

Copernico Sim SpA (MIL:COP) 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.

Copernico Sim SpA ROCE % Related Terms

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Copernico Sim SpA Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Copernico Sim SpA (MIL:COP) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Via Cavour, 20, Udine, ITA, 33100

Website

https://www.copernicosim.it

Copernico Sim SpA is an Italy-based financial consulting firm. It focuses on providing the following services; investment advisory services in Italy with the placement of financial and insurance products, spot analysis, portfolio analysis, wealth consulting, and personalized investment consultancy services.