Destination Italia SpA (MIL:DIT) ROCE % : 1.54% (As of Dec. 2023)

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What is Destination Italia 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. Destination Italia SpA's annualized ROCE % for the quarter that ended in Dec. 2023 was 1.54%.

Destination Italia SpA ROCE % Historical Data

The historical data trend for Destination Italia 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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Destination Italia SpA ROCE % Chart

Destination Italia SpA Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

-36.95

-66.61

-22.40

-9.18

-10.42

Destination Italia SpA Semi-Annual Data
	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
ROCE %	Get a 7-Day Free Trial				-19.87	-24.70	6.52	-25.78	1.54

Destination Italia SpA ROCE % Calculation

Destination Italia 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 )
	=	-1.608	/	( ( (14.496 - 4.106)	+	(35.475 - 15.016) )	/ 2 )
	=	-1.608	/	( (10.39	+	20.459)	/ 2 )
	=	-1.608	/	15.4245
	=	-10.42 %

Destination Italia 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 )
	=	0.286	/	( ( (29.905 - 13.143)	+	(35.475 - 15.016) )	/ 2 )
	=	0.286	/	( ( 16.762	+	20.459 )	/ 2 )
	=	0.286	/	18.6105
	=	1.54 %

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

Destination Italia SpA (MIL:DIT) 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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Destination Italia SpA (MIL:DIT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Destination Italia SpA (MIL:DIT) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Via del Don, 3, Milan, ITA, 20123

Website

https://www.destinationitalia.com

Destination Italia SpA is an Italian company serving the travel needs of people. It helps travelers make their trip to Italy unforgettable, offering unique itineraries and experiences in every corner of the beautiful country, from big cities to villages, from food and wine tourism to cultural holidays.