Valtecne SpA (MIL:VLT) ROCE % : 22.74% (As of Jun. 2024)

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What is Valtecne 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. Valtecne SpA's annualized ROCE % for the quarter that ended in Jun. 2024 was 22.74%.

Valtecne SpA ROCE % Historical Data

The historical data trend for Valtecne 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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Valtecne SpA ROCE % Chart

Valtecne SpA Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

ROCE %

11.38

16.45

20.68

20.65

Valtecne SpA Semi-Annual Data
	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
ROCE %	Get a 7-Day Free Trial			26.47	13.41	32.59	9.15	22.74

Valtecne SpA ROCE % Calculation

Valtecne 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 )
	=	4.456	/	( ( (28.045 - 11.675)	+	(38.644 - 11.849) )	/ 2 )
	=	4.456	/	( (16.37	+	26.795)	/ 2 )
	=	4.456	/	21.5825
	=	20.65 %

Valtecne 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 )
	=	6.02	/	( ( (38.644 - 11.849)	+	(37.959 - 11.804) )	/ 2 )
	=	6.02	/	( ( 26.795	+	26.155 )	/ 2 )
	=	6.02	/	26.475
	=	22.74 %

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

Valtecne SpA (MIL:VLT) 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.

Valtecne SpA ROCE % Related Terms

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