Farmacosmo SpA (MIL:COSMO) ROCE % : -20.22% (As of Dec. 2023)

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What is Farmacosmo 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. Farmacosmo SpA's annualized ROCE % for the quarter that ended in Dec. 2023 was -20.22%.

Farmacosmo SpA ROCE % Historical Data

The historical data trend for Farmacosmo 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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Farmacosmo SpA ROCE % Chart

Farmacosmo SpA Annual Data

Trend

Dec19

Dec20

Dec22

Dec23

ROCE %

43.89

81.09

-15.80

-18.14

Farmacosmo SpA Semi-Annual Data
	Dec19	Dec20	Jun21	Jun22	Dec22	Jun23	Dec23
ROCE %	Get a 7-Day Free Trial			-21.07	-1.55	-15.93	-16.48	-20.22

Farmacosmo SpA ROCE % Calculation

Farmacosmo 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 )
	=	-3.231	/	( ( (39.239 - 19.66)	+	(36.4 - 20.347) )	/ 2 )
	=	-3.231	/	( (19.579	+	16.053)	/ 2 )
	=	-3.231	/	17.816
	=	-18.14 %

Farmacosmo 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 )
	=	-3.4	/	( ( (34.221 - 16.642)	+	(36.4 - 20.347) )	/ 2 )
	=	-3.4	/	( ( 17.579	+	16.053 )	/ 2 )
	=	-3.4	/	16.816
	=	-20.22 %

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

Farmacosmo SpA (MIL:COSMO) 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.

Farmacosmo SpA ROCE % Related Terms

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Farmacosmo SpA (MIL:COSMO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » Farmacosmo SpA (MIL:COSMO) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

ZJ1:Germany

Address

Via Crispi, Number 51, Napoli, ITA, IT-80121

Website

https://www.farmacosmo.it

Farmacosmo SpA is a wellness e-commerce company active in the Health, Pharma, and Wellness industry, authorized by the Italian Ministry of Health to sell pharmaceutical products online. In particular, the company offers parapharmaceutical products, vitamins and food supplements, dietetic products, medical devices, cosmetic products, personal hygiene products, hair care products, dental care products, skincare products, perfumes, home and baby items.

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