Newlat Food SpA (MIL:NWL) ROCE % : 71.60% (As of Sep. 2024)

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What is Newlat Food 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. Newlat Food SpA's annualized ROCE % for the quarter that ended in Sep. 2024 was 71.60%.

Newlat Food SpA ROCE % Historical Data

The historical data trend for Newlat Food 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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Newlat Food SpA ROCE % Chart

Newlat Food SpA Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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10.36

22.81

4.28

3.56

6.50

Newlat Food SpA Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
ROCE %	Get a 7-Day Free Trial															8.81	-3.19	8.82	9.61	71.60

Newlat Food SpA ROCE % Calculation

Newlat Food 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 )
	=	34.283	/	( ( (809.095 - 292.466)	+	(817.604 - 279.163) )	/ 2 )
	=	34.283	/	( (516.629	+	538.441)	/ 2 )
	=	34.283	/	527.535
	=	6.50 %

Newlat Food SpA's ROCE % of for the quarter that ended in Sep. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2024 )		(Q: Jun. 2024 )		(Q: Sep. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2024 )		(Q: Jun. 2024 )		(Q: Sep. 2024 )
	=	706.036	/	( ( (902.55 - 304.749)	+	(2362.946 - 988.692) )	/ 2 )
	=	706.036	/	( ( 597.801	+	1374.254 )	/ 2 )
	=	706.036	/	986.0275
	=	71.60 %

(1) Note: The EBIT data used here is four times the quarterly (Sep. 2024) EBIT data.

Newlat Food SpA (MIL:NWL) 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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Newlat Food SpA Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Newlat Food SpA (MIL:NWL) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

6NF:Germany

Address

Via JF Kennedy 16, Reggio Emilia, ITA, 42124

Website

https://www.newlat.it

Newlat Food SpA is a agro-food company. It is engaged in the processing, packaging, sale, and distribution of food and beverages. The company has various operating segments which include Pasta, Milk Products, Bakery Products, Dairy Products, Special Products, Instant noodles, and Other activities. The company operates in Italy, Germany, and other countries.