Reway Group SpA (MIL:RWY) ROCE % : 22.57% (As of Dec. 2023)

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What is Reway Group 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. Reway Group SpA's annualized ROCE % for the quarter that ended in Dec. 2023 was 22.57%.

Reway Group SpA ROCE % Historical Data

The historical data trend for Reway Group 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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Reway Group SpA ROCE % Chart

Reway Group SpA Annual Data

Trend

Dec21

Dec22

Dec23

ROCE %

57.34

64.15

22.59

Reway Group SpA Semi-Annual Data
	Dec21	Jun22	Dec22	Jun23	Dec23
ROCE %	-	58.30	43.63	34.61	22.57

Reway Group SpA ROCE % Calculation

Reway Group 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 )
	=	22.21	/	( ( (76.547 - 44.476)	+	(252.781 - 88.18) )	/ 2 )
	=	22.21	/	( (32.071	+	164.601)	/ 2 )
	=	22.21	/	98.336
	=	22.59 %

Reway Group 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 )
	=	26.588	/	( ( (108.751 - 37.783)	+	(252.781 - 88.18) )	/ 2 )
	=	26.588	/	( ( 70.968	+	164.601 )	/ 2 )
	=	26.588	/	117.7845
	=	22.57 %

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

Reway Group SpA (MIL:RWY) 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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Reway Group SpA (MIL:RWY) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Reway Group SpA (MIL:RWY) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Via Canalescuro, Licciana Oak Plan Nardi, Massa and Carrara, ITA

Website

https://www.rewaygroup.com

Reway Group SpA is engaged in the preservation and restoration of the infrastructure. The company deal with the Hydrodemolition of concrete, Mechanical milling, Injections, Steel and aluminum coatings, Waterproofing, Special restoration mortars, Painting, Construction of drains, Construction of nailing, and Lighting coating.

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