G Rent SpA (MIL:GSR) ROCE % : -554.48% (As of Jun. 2024)

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What is G Rent 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. G Rent SpA's annualized ROCE % for the quarter that ended in Jun. 2024 was -554.48%.

G Rent SpA ROCE % Historical Data

The historical data trend for G Rent 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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G Rent SpA ROCE % Chart

G Rent SpA Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

-69.23

-83.89

-41.72

-43.88

-92.20

G Rent SpA Quarterly Data
	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Sep23	Dec23	Jun24
ROCE %	Get a 7-Day Free Trial						-131.09	-158.02	-109.18	-121.32	-554.48

G Rent SpA ROCE % Calculation

G Rent 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 )
	=	-1.093	/	( ( (3.852 - 2.058)	+	(1.865 - 1.288) )	/ 2 )
	=	-1.093	/	( (1.794	+	0.577)	/ 2 )
	=	-1.093	/	1.1855
	=	-92.20 %

G Rent 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 )
	=	-1.888	/	( ( (1.865 - 1.288)	+	(1.785 - 1.681) )	/ 2 )
	=	-1.888	/	( ( 0.577	+	0.104 )	/ 2 )
	=	-1.888	/	0.3405
	=	-554.48 %

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

G Rent SpA (MIL:GSR) 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.

G Rent SpA ROCE % Related Terms

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G Rent SpA Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » G Rent SpA (MIL:GSR) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Via Bernardo Quaranta 40, Milan, ITA

Website

https://www.gabettishortrent.it

G Rent SpA is engaged in the hospitality sector of luxury properties. The company offers dedicated services to investors, developers, and private customers for the full outsourcing of real estate units intended for short rent.

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