Misitano & Stracuzzi SpA (MIL:MS) ROCE % : 54.99% (As of Jun. 2024)

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What is Misitano & Stracuzzi 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. Misitano & Stracuzzi SpA's annualized ROCE % for the quarter that ended in Jun. 2024 was 54.99%.

Misitano & Stracuzzi SpA ROCE % Historical Data

The historical data trend for Misitano & Stracuzzi 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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Misitano & Stracuzzi SpA ROCE % Chart

Misitano & Stracuzzi SpA Annual Data

Trend

Dec22

Dec23

ROCE %

21.03

62.76

Misitano & Stracuzzi SpA Semi-Annual Data
	Dec22	Dec23	Jun24
ROCE %	-	-	54.99

Misitano & Stracuzzi SpA ROCE % Calculation

Misitano & Stracuzzi 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 )
	=	11.117	/	( ( (39.697 - 24.334)	+	(49.262 - 29.197) )	/ 2 )
	=	11.117	/	( (15.363	+	20.065)	/ 2 )
	=	11.117	/	17.714
	=	62.76 %

Misitano & Stracuzzi 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 )
	=	15.624	/	( ( (49.262 - 29.197)	+	(83.749 - 46.991) )	/ 2 )
	=	15.624	/	( ( 20.065	+	36.758 )	/ 2 )
	=	15.624	/	28.4115
	=	54.99 %

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

Misitano & Stracuzzi SpA (MIL:MS) 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.

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Misitano & Stracuzzi SpA Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Misitano & Stracuzzi SpA (MIL:MS) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

O7E:Germany

Address

Ghibellina, 64, Messina, ITA, 98122

Website

https://misitanoestracuzzi.com

Misitano & Stracuzzi SpA is engaged in producing essential oils and citrus juices. It is used in sectors: from food and beverages to perfumes and fragrances, from cosmetics to aromatherapy.