Farminveste SGPS (XLIS:MLFMV) ROCE % : 8.16% (As of Dec. 2023)

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What is Farminveste SGPS 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. Farminveste SGPS's annualized ROCE % for the quarter that ended in Dec. 2023 was 8.16%.

Farminveste SGPS ROCE % Historical Data

The historical data trend for Farminveste SGPS'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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Farminveste SGPS ROCE % Chart

Farminveste SGPS Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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10.20

-0.32

8.69

7.19

9.88

Farminveste SGPS Semi-Annual Data
	Dec15	Dec16	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
ROCE %	Get a 7-Day Free Trial											7.87	6.74	11.67	8.16	11.90

Farminveste SGPS ROCE % Calculation

Farminveste SGPS'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 )
	=	35.467	/	( ( (627.371 - 272.634)	+	(625.064 - 261.491) )	/ 2 )
	=	35.467	/	( (354.737	+	363.573)	/ 2 )
	=	35.467	/	359.155
	=	9.88 %

Farminveste SGPS'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 )
	=	29.39	/	( ( (631.812 - 274.786)	+	(625.064 - 261.491) )	/ 2 )
	=	29.39	/	( ( 357.026	+	363.573 )	/ 2 )
	=	29.39	/	360.2995
	=	8.16 %

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

Farminveste SGPS (XLIS:MLFMV) 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.

Farminveste SGPS ROCE % Related Terms

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Farminveste SGPS Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Distribution » Farminveste SGPS SA (XLIS:MLFMV) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

No. 8, Travessa de Santa Catarina, Lisbon, PRT, 1200-403

Website

http://www.farminveste-sgps.com

Farminveste SGPS SA is a holding company and its subsidiaries are active in the business of pharmacies, pharmaceutical distribution, information systems, health care, real estate, market intelligence and other services.

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