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Espe SpA (MIL:ESPE) ROCE % : 22.58% (As of Jun. 2024)


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What is Espe 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. Espe SpA's annualized ROCE % for the quarter that ended in Jun. 2024 was 22.58%.


Espe SpA ROCE % Historical Data

The historical data trend for Espe 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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Espe SpA ROCE % Chart

Espe SpA Annual Data
Trend Dec21 Dec22 Dec23
ROCE %
3.48 7.23 31.19

Espe SpA Semi-Annual Data
Dec21 Jun22 Dec22 Jun23 Dec23 Jun24
ROCE % Get a 7-Day Free Trial 4.26 9.85 15.39 42.58 22.58

Espe SpA ROCE % Calculation

Espe SpA's annualized ROCE % for the fiscal year that ended in Dec. 2022 is calculated as:

ROCE %=EBIT/( (Capital Employed+Capital Employed)/ count )
(A: Dec. 2022 )  (A: Dec. 2021 )(A: Dec. 2022 )
=EBIT/( ( (Total Assets - Total Current Liabilities)+(Total Assets - Total Current Liabilities) )/ count )
(A: Dec. 2022 )  (A: Dec. 2021 )(A: Dec. 2022 )
=0.495/( ( (22.89 - 16.462) + (41.906 - 34.635) )/ 2 )
=0.495/( (6.428+7.271)/ 2 )
=0.495/6.8495
=7.23 %

Espe 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 )
=4.63/( ( (59.661 - 48.671) + (68.558 - 38.533) )/ 2 )
=4.63/( ( 10.99 + 30.025 )/ 2 )
=4.63/20.5075
=22.58 %

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

* 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.


Espe SpA  (MIL:ESPE) 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.


Espe SpA ROCE % Related Terms

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Espe SpA Business Description

Comparable Companies
Traded in Other Exchanges
N/A
Address
Via Dell Artigianato 6, Grantorto, Padua, ITA, 35010
Espe SpA is a company which is producers of cutting edge solutions. They are born as installers of industrial electrical systems, over the years they have accumulated a rich wealth of experience, expanding its activities in the field of installation of photovoltaic systems and in the direct production of innovative technologies in the small wind, hydroelectric and biomass sectors.

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