Predict SpA (MIL:PRE) ROCE % : 0.00% (As of Dec. 2023)

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What is Predict 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. Predict SpA's annualized ROCE % for the quarter that ended in Dec. 2023 was 0.00%.

Predict SpA ROCE % Historical Data

The historical data trend for Predict 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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Predict SpA ROCE % Chart

Predict SpA Annual Data

Trend

Dec22

Dec23

ROCE %

6.81

9.48

Predict SpA Semi-Annual Data
	Dec22	Dec23	Jun24
ROCE %	-	-	-18.65

Predict SpA ROCE % Calculation

Predict 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 )
	=	0.338	/	( ( (5.943 - 1.877)	+	(7.137 - 4.07) )	/ 2 )
	=	0.338	/	( (4.066	+	3.067)	/ 2 )
	=	0.338	/	3.5665
	=	9.48 %

Predict 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: Dec. 2022 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Dec. 2022 )		(Q: Dec. 2023 )
	=	0	/	( ( (5.943 - 1.877)	+	(7.137 - 4.07) )	/ 2 )
	=	0	/	( ( 4.066	+	3.067 )	/ 2 )
	=	0	/	3.5665
	=	0.00 %

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

Predict SpA (MIL:PRE) 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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Predict SpA Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Predict SpA (MIL:PRE) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

c/o Fiera del Levante Pad. 105, Viale Adriatico, Bari, ITA, 70132

Website

https://www.predictcare.it

Predict SpA develops innovative healthcare technologies, such as Optip and Mistral, and sells medical diagnostic imaging systems. Its products include Versana Active GE, Optic probe, Versana Balance GE, Voluson S-series, and Vivid T8.