Palingeo SpA (MIL:PAL) ROCE % : 28.56% (As of Jun. 2024)

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What is Palingeo 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. Palingeo SpA's annualized ROCE % for the quarter that ended in Jun. 2024 was 28.56%.

Palingeo SpA ROCE % Historical Data

The historical data trend for Palingeo 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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Palingeo SpA ROCE % Chart

Palingeo SpA Annual Data

Trend

Dec21

Dec22

ROCE %

4.95

21.15

Palingeo SpA Semi-Annual Data
	Dec21	Dec22	Jun23	Jun24
ROCE %	-	-	19.45	28.56

Palingeo SpA ROCE % Calculation

Palingeo 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 )
	=	5.378	/	( ( (40.592 - 18.156)	+	(57.724 - 29.306) )	/ 2 )
	=	5.378	/	( (22.436	+	28.418)	/ 2 )
	=	5.378	/	25.427
	=	21.15 %

Palingeo 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: Jun. 2023 )		(Q: Jun. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jun. 2024 )		(Q: Jun. 2023 )		(Q: Jun. 2024 )
	=	10.17	/	( ( (61.3 - 33.535)	+	(80.259 - 36.809) )	/ 2 )
	=	10.17	/	( ( 27.765	+	43.45 )	/ 2 )
	=	10.17	/	35.6075
	=	28.56 %

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

Palingeo SpA (MIL:PAL) 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.

Palingeo SpA ROCE % Related Terms

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Palingeo SpA Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Palingeo SpA (MIL:PAL) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Via Antonio Meucci, 26, Carpenedolo (BS), ITA, 25013

Website

https://www.palingeo.it

Palingeo SpA is an engineering and construction company. Its projects includes construction or modernization of railway lines, motorway networks, bridges, tunnels, roads, schools, hospitals, hydraulic system projects, wind farms or solar plants, collection and regulation of water/hydroelectric plants, etc.