Finance for Food SpA (MIL:FFF) ROCE % : 0.00% (As of Dec. 2023)

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What is Finance for Food 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. Finance for Food SpA's annualized ROCE % for the quarter that ended in Dec. 2023 was 0.00%.

Finance for Food SpA ROCE % Historical Data

The historical data trend for Finance for Food 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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Finance for Food SpA ROCE % Chart

Finance for Food SpA Annual Data

Trend

Dec22

Dec23

ROCE %

12.23

28.74

Finance for Food SpA Semi-Annual Data
	Dec22	Dec23	Jun24
ROCE %	-	-	50.57

Finance for Food SpA ROCE % Calculation

Finance for Food 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 )
	=	0.071	/	( ( (0.422 - 0.193)	+	(0.43 - 0.165) )	/ 2 )
	=	0.071	/	( (0.229	+	0.265)	/ 2 )
	=	0.071	/	0.247
	=	28.74 %

Finance for Food 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: Dec. 2022 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Dec. 2022 )		(Q: Dec. 2023 )
	=	0	/	( ( (0.422 - 0.193)	+	(0.43 - 0.165) )	/ 2 )
	=	0	/	( ( 0.229	+	0.265 )	/ 2 )
	=	0	/	0.247
	=	0.00 %

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

Finance for Food SpA (MIL:FFF) 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.

Finance for Food SpA ROCE % Related Terms

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Finance for Food SpA Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Finance for Food SpA (MIL:FFF) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Via Manzoni, 5, Milan, ITA, 20121

Website

https://www.financeforfood.it

Finance for Food SpA provides consultancy and advisory services with respect to agri-food supply chains and related sectors. The company also provides consultancy services of Power industry.

Finance for Food SpA Headlines

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