Take Off SpA (MIL:TKF) ROCE % : 4.71% (As of Dec. 2023)

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What is Take Off 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. Take Off SpA's annualized ROCE % for the quarter that ended in Dec. 2023 was 4.71%.

Take Off SpA ROCE % Historical Data

The historical data trend for Take Off 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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Take Off SpA ROCE % Chart

Take Off SpA Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

20.90

25.18

14.38

5.56

Take Off SpA Semi-Annual Data
	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
ROCE %	Get a 7-Day Free Trial				32.91	11.77	17.38	6.14	4.71

Take Off SpA ROCE % Calculation

Take Off 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 )
	=	1.807	/	( ( (46.797 - 13.579)	+	(41.918 - 10.191) )	/ 2 )
	=	1.807	/	( (33.218	+	31.727)	/ 2 )
	=	1.807	/	32.4725
	=	5.56 %

Take Off 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 )
	=	1.55	/	( ( (46.613 - 12.548)	+	(41.918 - 10.191) )	/ 2 )
	=	1.55	/	( ( 34.065	+	31.727 )	/ 2 )
	=	1.55	/	32.896
	=	4.71 %

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

Take Off SpA (MIL:TKF) 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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Take Off SpA (MIL:TKF) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Take Off SpA (MIL:TKF) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Via Montenapoleone 8, Milan, ITA, 20121

Website

https://www.takeoffoutlet.com

Take Off SpA is engaged in the operations of clothing stores in Italy. The company offers women's clothes, men's clothes and accessories.

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