Solid World Group SpA (MIL:S3D) ROCE % : 39.26% (As of Jun. 2024)

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What is Solid World 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. Solid World Group SpA's annualized ROCE % for the quarter that ended in Jun. 2024 was 39.26%.

Solid World Group SpA ROCE % Historical Data

The historical data trend for Solid World 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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Solid World Group SpA ROCE % Chart

Solid World Group SpA Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

ROCE %

1.44

6.65

8.68

-2.46

Solid World Group SpA Semi-Annual Data
	Dec20	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
ROCE %	Get a 7-Day Free Trial			28.93	-0.95	14.98	-18.72	39.26

Solid World Group SpA ROCE % Calculation

Solid World 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 )
	=	-0.477	/	( ( (52.948 - 35.021)	+	(65.972 - 45.041) )	/ 2 )
	=	-0.477	/	( (17.927	+	20.931)	/ 2 )
	=	-0.477	/	19.429
	=	-2.46 %

Solid World Group 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: Dec. 2023 )		(Q: Jun. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jun. 2024 )		(Q: Dec. 2023 )		(Q: Jun. 2024 )
	=	8.378	/	( ( (65.972 - 45.041)	+	(66.737 - 44.983) )	/ 2 )
	=	8.378	/	( ( 20.931	+	21.754 )	/ 2 )
	=	8.378	/	21.3425
	=	39.26 %

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

Solid World Group SpA (MIL:S3D) 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.

Solid World Group SpA ROCE % Related Terms

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Solid World Group SpA Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Solid World Group SpA (MIL:S3D) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

F17:Germany

Address

Via Enrico Reginato 87, Treviso, ITA, 31100

Website

https://www.solidworld.it

Solid World Group SpA is engaged in providing 3D digital technologies. It generates the majority of its revenues as the official reseller of products of Solidworks Corp.

Solid World Group SpA Headlines

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