Immobiliare Grande Distribuzione SiiQ SpA (MIL:IGD) ROCE % : 3.57% (As of Sep. 2024)

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What is Immobiliare Grande Distribuzione SiiQ 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. Immobiliare Grande Distribuzione SiiQ SpA's annualized ROCE % for the quarter that ended in Sep. 2024 was 3.57%.

Immobiliare Grande Distribuzione SiiQ SpA ROCE % Historical Data

The historical data trend for Immobiliare Grande Distribuzione SiiQ 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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Immobiliare Grande Distribuzione SiiQ SpA ROCE % Chart

Immobiliare Grande Distribuzione SiiQ SpA Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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1.87

-2.40

3.75

0.25

-1.48

Immobiliare Grande Distribuzione SiiQ SpA Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
ROCE %	Get a 7-Day Free Trial															4.17	-4.63	4.59	-5.55	3.57

Immobiliare Grande Distribuzione SiiQ SpA ROCE % Calculation

Immobiliare Grande Distribuzione SiiQ 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 )
	=	-29.947	/	( ( (2210.776 - 139.563)	+	(2060.742 - 76.664) )	/ 2 )
	=	-29.947	/	( (2071.213	+	1984.078)	/ 2 )
	=	-29.947	/	2027.6455
	=	-1.48 %

Immobiliare Grande Distribuzione SiiQ SpA's ROCE % of for the quarter that ended in Sep. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2024 )		(Q: Jun. 2024 )		(Q: Sep. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2024 )		(Q: Jun. 2024 )		(Q: Sep. 2024 )
	=	63.264	/	( ( (1864.195 - 87.947)	+	(1862.468 - 94.897) )	/ 2 )
	=	63.264	/	( ( 1776.248	+	1767.571 )	/ 2 )
	=	63.264	/	1771.9095
	=	3.57 %

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

Immobiliare Grande Distribuzione SiiQ SpA (MIL:IGD) 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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Immobiliare Grande Distribuzione SiiQ SpA Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Immobiliare Grande Distribuzione SiiQ SpA (MIL:IGD) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

0STP:UK IF81:Germany

Address

Via Trattati Comunitari, Europei 1957-2007, 13, Bologna, ITA, 40127

Website

https://www.gruppoigd.it

Immobiliare Grande Distribuzione SiiQ SpA is a real estate company that manages and develops shopping centers in Italy. It operates in three main business segments which include core business properties, services, and trading. It generates a majority of its revenue from the core business properties segment. The company provides various services related to the real estate sector, including the promotion of newly opened, expanded, or restructured centers, rotation of existing retailers, and facility management services, such as security, cleaning, and ordinary maintenance.

Immobiliare Grande Distribuzione SiiQ SpA Headlines

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