ZIGNY (Zignago Vetro SpA) ROCE % : 14.20% (As of Jun. 2024)

View and export this data going back to 2012. Start your Free Trial

What is Zignago Vetro 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. Zignago Vetro SpA's annualized ROCE % for the quarter that ended in Jun. 2024 was 14.20%.

Zignago Vetro SpA ROCE % Historical Data

The historical data trend for Zignago Vetro 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.

* Premium members only.

Zignago Vetro SpA ROCE % Chart

Zignago Vetro SpA Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

Get a 7-Day Free Trial

18.29

12.19

16.14

17.48

27.32

Zignago Vetro SpA Quarterly Data
	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
ROCE %	Get a 7-Day Free Trial															35.44	19.59	24.81	11.24	14.20

Zignago Vetro SpA ROCE % Calculation

Zignago Vetro 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 )
	=	164.762	/	( ( (849.02 - 255.844)	+	(882.443 - 269.333) )	/ 2 )
	=	164.762	/	( (593.176	+	613.11)	/ 2 )
	=	164.762	/	603.143
	=	27.32 %

Zignago Vetro 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: Mar. 2024 )		(Q: Jun. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jun. 2024 )		(Q: Mar. 2024 )		(Q: Jun. 2024 )
	=	83.044	/	( ( (867.201 - 260.865)	+	(814.323 - 250.787) )	/ 2 )
	=	83.044	/	( ( 606.336	+	563.536 )	/ 2 )
	=	83.044	/	584.936
	=	14.20 %

(1) Note: The EBIT data used here is four times the quarterly (Jun. 2024) EBIT data.

Zignago Vetro SpA (OTCPK:ZIGNY) 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.

Zignago Vetro SpA ROCE % Related Terms

Thank you for viewing the detailed overview of Zignago Vetro SpA's ROCE % provided by GuruFocus.com. Please click on the following links to see related term pages.

Zignago Vetro SpA Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Packaging & Containers » Zignago Vetro SpA (OTCPK:ZIGNY) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

ZV:Italy 0NNC:UK ZVB:Germany

Address

Via Ita Marzotto no. 8, Fossalta di Portogruaro, Venice, ITA, 30025

Website

https://www.zignagovetro.com

Zignago Vetro SpA operates in the glass production sector. It manufactures hollow glass containers for the Food and Beverages and Cosmetics and Perfumery sectors. It has seven operating segments Zignago Vetro SpA; Zignago Vetro Polska SA; Zignago Vetro France SAS; Vetri Speciali SpA; Zignago Glass USA Inc.; Tre-Ve Srl; Vetreco Srl; and Nuova RO-CO Srl. It generates the majority of its revenue from Zignago Vetro SpA this Business Unit carries out the production of glass containers for food and beverages and for cosmetics and perfumery. The business of the group is carried out in various geographical locations such as Italy, the European Union, North America, and other areas.

Zignago Vetro SpA Headlines

No Headlines