IRCE SpA (MIL:IRC) ROCE % : 9.05% (As of Dec. 2023)

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What is IRCE 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. IRCE SpA's annualized ROCE % for the quarter that ended in Dec. 2023 was 9.05%.

IRCE SpA ROCE % Historical Data

The historical data trend for IRCE 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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IRCE SpA ROCE % Chart

IRCE SpA Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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2.31

3.64

11.08

8.86

9.98

IRCE SpA Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial															14.73	10.35	10.62	9.76	9.05

IRCE SpA ROCE % Calculation

IRCE 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 )
	=	16.992	/	( ( (250.756 - 82.127)	+	(243.791 - 71.995) )	/ 2 )
	=	16.992	/	( (168.629	+	171.796)	/ 2 )
	=	16.992	/	170.2125
	=	9.98 %

IRCE 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: Sep. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	15.532	/	( ( (247.651 - 76.364)	+	(243.791 - 71.995) )	/ 2 )
	=	15.532	/	( ( 171.287	+	171.796 )	/ 2 )
	=	15.532	/	171.5415
	=	9.05 %

(1) Note: The EBIT data used here is four times the quarterly (Dec. 2023) EBIT data.

IRCE SpA (MIL:IRC) 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.

IRCE SpA ROCE % Related Terms

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IRCE SpA (MIL:IRC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » IRCE SpA (MIL:IRC) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

IRQ:Germany

Address

Via Lasie 12/A, Imola, ITA, 40026

Website

https://www.irce.it

IRCE SpA is an Italy-based company engaged in the manufacturing of its core activities through its segments namely the Winding wires segment and Cables segment. The Winding wire segment consists of the manufacturing of electric motors and generators, transformers, relays, and solenoid valves whereas the Cable segment includes energy and data cables that are supplied to industries like construction, civil and industrial engineering, and electoral devices for consumable durable goods. It generates the majority of its revenue from the winding wires segment. The company products include Enamelled copper and aluminum round wire, Copper and aluminum rectangular wire, Medium Voltage Cables, and others. The company's geographical segments are Italy, the European Union, and Non-European Union.