Salvatore Ferragamo SpA (WBO:SFER) ROCE % : 4.15% (As of Jun. 2024)

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What is Salvatore Ferragamo 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. Salvatore Ferragamo SpA's annualized ROCE % for the quarter that ended in Jun. 2024 was 4.15%.

Salvatore Ferragamo SpA ROCE % Historical Data

The historical data trend for Salvatore Ferragamo 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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Salvatore Ferragamo SpA ROCE % Chart

Salvatore Ferragamo SpA Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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11.99

-4.63

10.09

8.75

5.17

Salvatore Ferragamo SpA Semi-Annual Data
	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
ROCE %	Get a 7-Day Free Trial															14.04	3.25	6.62	3.45	4.15

Salvatore Ferragamo SpA ROCE % Calculation

Salvatore Ferragamo 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 )
	=	68.937	/	( ( (1720.29 - 424.113)	+	(1812.932 - 440.229) )	/ 2 )
	=	68.937	/	( (1296.177	+	1372.703)	/ 2 )
	=	68.937	/	1334.44
	=	5.17 %

Salvatore Ferragamo 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 )
	=	55.856	/	( ( (1812.932 - 440.229)	+	(1736.167 - 418.813) )	/ 2 )
	=	55.856	/	( ( 1372.703	+	1317.354 )	/ 2 )
	=	55.856	/	1345.0285
	=	4.15 %

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

Salvatore Ferragamo SpA (WBO:SFER) 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.

Salvatore Ferragamo SpA ROCE % Related Terms

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Salvatore Ferragamo SpA Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Salvatore Ferragamo SpA (WBO:SFER) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

SFRGY:USA SFRGF:USA SFER:Italy SFERm:UK 0P52:UK S9L:Germany

Address

Via dei Tornabuoni 2, Firenze, ITA, 50123

Website

http://www.ferragamo.com

Founded in 1927, Salvatore Ferragamo is an Italian monobrand company mainly known for its footwear and accessories. The company generates about 45% of revenue in the fragmented footwear category, 40% in leather goods, 6% in apparel, and 7% in accessories. It was one of the pioneers in establishing a presence in Asia, where it generates 32% of sales and other emerging markets (8% of sales in Central and South America). Ferragamo generates 24% of revenue in Europe, 28% in the US, and 8% in Japan.

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