Mittel SpA (MIL:MIT) ROCE % : 0.52% (As of Jun. 2023)

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What is Mittel 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. Mittel SpA's annualized ROCE % for the quarter that ended in Jun. 2023 was 0.52%.

Mittel SpA ROCE % Historical Data

The historical data trend for Mittel 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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Mittel SpA ROCE % Chart

Mittel SpA Annual Data

Trend

Sep13

Sep14

Sep15

Sep16

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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1.79

1.34

1.26

1.50

1.81

Mittel SpA Semi-Annual Data
	Sep13	Mar14	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
ROCE %	Get a 7-Day Free Trial															1.70	1.51	1.46	0.52	4.23

Mittel SpA ROCE % Calculation

Mittel 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 )
	=	8.05	/	( ( (649.096 - 104.479)	+	(636.734 - 110.99) )	/ 2 )
	=	8.05	/	( (544.617	+	525.744)	/ 2 )
	=	8.05	/	535.1805
	=	1.50 %

Mittel 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 )
	=	2.16	/	( ( (636.734 - 110.99)	+	(374.872 - 75.978) )	/ 2 )
	=	2.16	/	( ( 525.744	+	298.894 )	/ 2 )
	=	2.16	/	412.319
	=	0.52 %

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

Mittel SpA (MIL:MIT) 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.

Mittel SpA ROCE % Related Terms

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Mittel SpA (MIL:MIT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Furnishings, Fixtures & Appliances » Mittel SpA (MIL:MIT) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Borromei, 5, Milan, ITA, 20123

Website

http://www.mittel.it

Mittel SpA is an investment-merchant bank company. It operates through Private Equity and Investments Sector, Advisory Services, and Real Estate Sector.

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