Carel Industries SpA (MIL:CRL) ROCE % : 6.80% (As of Sep. 2024)

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What is Carel Industries 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. Carel Industries SpA's annualized ROCE % for the quarter that ended in Sep. 2024 was 6.80%.

Carel Industries SpA ROCE % Historical Data

The historical data trend for Carel Industries 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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Carel Industries SpA ROCE % Chart

Carel Industries SpA Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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20.26

16.91

19.87

21.71

18.30

Carel Industries SpA Quarterly Data
	Jun17	Dec17	Mar18	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Sep22	Dec22	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
ROCE %	Get a 7-Day Free Trial															23.96	11.13	10.54	10.79	6.80

Carel Industries SpA ROCE % Calculation

Carel Industries 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 )
	=	103.994	/	( ( (653.247 - 202.647)	+	(920.404 - 234.549) )	/ 2 )
	=	103.994	/	( (450.6	+	685.855)	/ 2 )
	=	103.994	/	568.2275
	=	18.30 %

Carel Industries SpA's ROCE % of for the quarter that ended in Sep. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2024 )		(Q: Jun. 2024 )		(Q: Sep. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2024 )		(Q: Jun. 2024 )		(Q: Sep. 2024 )
	=	45.664	/	( ( (854.863 - 181.071)	+	(842.15 - 172.093) )	/ 2 )
	=	45.664	/	( ( 673.792	+	670.057 )	/ 2 )
	=	45.664	/	671.9245
	=	6.80 %

(1) Note: The EBIT data used here is four times the quarterly (Sep. 2024) EBIT data.

Carel Industries SpA (MIL:CRL) 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.

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Carel Industries SpA Business Description

Industry

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CRLm:UK 0YQA:UK

Address

Via Dell'Industria, 11, Brugine, Padova, ITA, 35020

Website

https://www.carel.com

Carel Industries SpA manufactures control systems and humidification for air conditioning and refrigeration. The group provides control solutions for the commercial, industrial and residential air-conditioning and refrigeration (HVAC/R) markets. Its operating geographical segments are Europe, the Middle East and Africa, North America, South America, and APAC. The company's industrial applications for the air-conditioning sector are designed for data centers. Its products include programmable controls, room terminals, Isothermal Humidifiers, Sensors and protection devices, Sensors and protection devices, and others.