Mare Engineering Group SpA (MIL:MARE) ROCE % : 17.92% (As of Jun. 2024)

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What is Mare Engineering 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. Mare Engineering Group SpA's annualized ROCE % for the quarter that ended in Jun. 2024 was 17.92%.

Mare Engineering Group SpA ROCE % Historical Data

The historical data trend for Mare Engineering 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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Mare Engineering Group SpA ROCE % Chart

Mare Engineering Group SpA Annual Data

Trend

Dec21

Dec22

Dec23

ROCE %

9.74

11.71

33.94

Mare Engineering Group SpA Semi-Annual Data
	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
ROCE %	Get a 7-Day Free Trial			-2.66	22.70	4.14	59.42	17.92

Mare Engineering Group SpA ROCE % Calculation

Mare Engineering Group 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 )
	=	4.782	/	( ( (60.567 - 23.913)	+	(0 - 8.475) )	/ 2 )
	=	4.782	/	( (36.654	+	-8.475)	/ 2 )
	=	4.782	/	14.0895
	=	33.94 %

Mare Engineering Group 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 )
	=	2.92	/	( ( (0 - 8.475)	+	(71.197 - 30.135) )	/ 2 )
	=	2.92	/	( ( -8.475	+	41.062 )	/ 2 )
	=	2.92	/	16.2935
	=	17.92 %

(1) Note: The EBIT data used here is two times the semi-annual (Jun. 2024) EBIT data.

Mare Engineering Group SpA (MIL:MARE) 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.

Mare Engineering Group SpA ROCE % Related Terms

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Mare Engineering Group SpA Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Mare Engineering Group SpA (MIL:MARE) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

EZ3:Germany

Address

Via ex Aeroporto, snc, c/o Il Sole Consortium, Lot XI, Pomigliano d'Arc, Naples, ITA, 80038

Website

https://www.maregroup.it

Mare Engineering Group SpA is an engineering consultancy company that has an objective to deliver engineering services to large companies.

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