Mit Sim SpA (MIL:MTS) ROCE % : -13.81% (As of Dec. 2023)

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What is Mit Sim 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. Mit Sim SpA's annualized ROCE % for the quarter that ended in Dec. 2023 was -13.81%.

Mit Sim SpA ROCE % Historical Data

The historical data trend for Mit Sim 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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Mit Sim SpA ROCE % Chart

Mit Sim SpA Annual Data

Trend

Mar19

Mar20

Dec21

Dec22

Dec23

ROCE %

-1.80

-11.88

-16.89

-13.34

-9.24

Mit Sim SpA Semi-Annual Data
	Mar19	Mar20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
ROCE %	Get a 7-Day Free Trial			-4.86	-13.26	-13.75	-6.18	-13.81

Mit Sim SpA ROCE % Calculation

Mit Sim 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 )
	=	-0.366	/	( ( (4.288 - 0.009)	+	(4.176 - 0.537) )	/ 2 )
	=	-0.366	/	( (4.279	+	3.639)	/ 2 )
	=	-0.366	/	3.959
	=	-9.24 %

Mit Sim SpA's ROCE % of for the quarter that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2023 )		(Q: Jun. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Jun. 2023 )		(Q: Dec. 2023 )
	=	-0.492	/	( ( (4.256 - 0.768)	+	(4.176 - 0.537) )	/ 2 )
	=	-0.492	/	( ( 3.488	+	3.639 )	/ 2 )
	=	-0.492	/	3.5635
	=	-13.81 %

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

Mit Sim SpA (MIL:MTS) 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.

Mit Sim SpA ROCE % Related Terms

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Mit Sim SpA (MIL:MTS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Mit Sim SpA (MIL:MTS) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Corso Venezia 16, Serbelloni Palace, Milan, ITA, 20121

Website

https://www.mitsim.it

Mit Sim SpA is involved in Specialist activities, Order Reception and Transmission Activities, Placement Activities, and Euronext Growth Advisor Activities.

Mit Sim SpA (MIL:MTS) Headlines

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