Doxee SpA (MIL:DOX) ROCE % : -13.83% (As of Dec. 2023)

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What is Doxee 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. Doxee SpA's annualized ROCE % for the quarter that ended in Dec. 2023 was -13.83%.

Doxee SpA ROCE % Historical Data

The historical data trend for Doxee 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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Doxee SpA ROCE % Chart

Doxee SpA Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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24.68

14.90

14.14

3.42

-18.06

Doxee SpA Semi-Annual Data
	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
ROCE %	Get a 7-Day Free Trial								22.15	3.99	4.12	-20.09	-13.83

Doxee SpA ROCE % Calculation

Doxee 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 )
	=	-5.041	/	( ( (45.465 - 16.378)	+	(46.725 - 19.978) )	/ 2 )
	=	-5.041	/	( (29.087	+	26.747)	/ 2 )
	=	-5.041	/	27.917
	=	-18.06 %

Doxee 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 )
	=	-4.014	/	( ( (50.734 - 19.434)	+	(46.725 - 19.978) )	/ 2 )
	=	-4.014	/	( ( 31.3	+	26.747 )	/ 2 )
	=	-4.014	/	29.0235
	=	-13.83 %

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

Doxee SpA (MIL:DOX) 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.

Doxee SpA ROCE % Related Terms

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Doxee SpA (MIL:DOX) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Doxee SpA (MIL:DOX) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Viale Virgilio, n. 48 / B, Modena, ITA

Website

https://www.doxee.com

Doxee SpA is an Italian software company. It offers customer communications management, digital customer experience, and dematerialization based on cloud technologies. The company's product lines include Document Experience which consists of the production and distribution of multi-channel and digital document storage; the Paperless Experience line includes electronic billing, standard digital preservation, electronic ordering, and other products; and the Interactive Experience line is engaged in production and distribution of interactive micro-sites and personalized videos. The firm offers products via software, platform, and on-premise form.