Maps SpA (MIL:MAPS) ROCE % : 2.53% (As of Jun. 2023)

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What is Maps 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. Maps SpA's annualized ROCE % for the quarter that ended in Jun. 2023 was 2.53%.

Maps SpA ROCE % Historical Data

The historical data trend for Maps 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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Maps SpA ROCE % Chart

Maps SpA Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

ROCE %

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19.95

15.83

5.61

-1.03

-1.21

Maps SpA Semi-Annual Data
	Dec16	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
ROCE %	Get a 7-Day Free Trial								12.07	-12.49	9.39	-11.43	2.53

Maps SpA ROCE % Calculation

Maps 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 )
	=	-0.458	/	( ( (46.197 - 10.215)	+	(53.024 - 13.283) )	/ 2 )
	=	-0.458	/	( (35.982	+	39.741)	/ 2 )
	=	-0.458	/	37.8615
	=	-1.21 %

Maps 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 )
	=	1.012	/	( ( (53.024 - 13.283)	+	(53.283 - 12.901) )	/ 2 )
	=	1.012	/	( ( 39.741	+	40.382 )	/ 2 )
	=	1.012	/	40.0615
	=	2.53 %

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

Maps SpA (MIL:MAPS) 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.

Maps SpA ROCE % Related Terms

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Maps SpA (MIL:MAPS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Maps SpA (MIL:MAPS) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

via Paradigna 38/A, Parma, ITA, 43122

Website

https://www.mapsgroup.it

Maps SpA is a software solution provider. The company designs and develops innovative solutions to support decision-making processes in both public and private businesses and organizations. The products of the company includes WEBDISTILLED, CLIMIKA, GZOOM, and GREENNEBULA.