KME Group SpA (MIL:KME) ROCE % : 8.64% (As of Jun. 2023)

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What is KME Group 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. KME Group SpA's annualized ROCE % for the quarter that ended in Jun. 2023 was 8.64%.

KME Group SpA ROCE % Historical Data

The historical data trend for KME Group 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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KME Group SpA ROCE % Chart

KME Group SpA Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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0.49

1.03

11.04

4.51

3.35

KME Group SpA Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
ROCE %	Get a 7-Day Free Trial															11.27	3.16	5.10	8.64	-2.62

KME Group SpA ROCE % Calculation

KME Group 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 )
	=	43.569	/	( ( (685.291 - 35.728)	+	(2067.445 - 783.325) )	/ 2 )
	=	43.569	/	( (649.563	+	1284.12)	/ 2 )
	=	43.569	/	966.8415
	=	4.51 %

KME Group SpA's ROCE % of for the quarter that ended in Jun. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jun. 2023 )		(Q: Dec. 2022 )		(Q: Jun. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jun. 2023 )		(Q: Dec. 2022 )		(Q: Jun. 2023 )
	=	108.068	/	( ( (2067.445 - 783.325)	+	(2025.039 - 807.388) )	/ 2 )
	=	108.068	/	( ( 1284.12	+	1217.651 )	/ 2 )
	=	108.068	/	1250.8855
	=	8.64 %

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

KME Group SpA (MIL:KME) 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.

KME Group SpA ROCE % Related Terms

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KME Group SpA (MIL:KME) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » KME Group SpA (MIL:KME) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

IKGR:Italy MTJ3:Germany

Address

Foro Buonaparte 44, Milan, ITA, 20121

Website

https://www.kme.com

KME Group SpA is a diversified investment holding company. It invests in copper sector and financial and real estate assets sector. The copper sector includes the production and marketing of copper and copper-alloy semi-finished products. The financial and real estate assets sector includes the private equity activity, carried out mainly through the closed-ended investment fund, and the management of receivables. The company generates the majority of the revenue from the copper sector.