Comer Industries SpA (MIL:COM) ROCE % : 14.74% (As of Dec. 2023)

View and export this data going back to 2019. Start your Free Trial

What is Comer Industries 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. Comer Industries SpA's annualized ROCE % for the quarter that ended in Dec. 2023 was 14.74%.

Comer Industries SpA ROCE % Historical Data

The historical data trend for Comer Industries 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.

Comer Industries SpA ROCE % Chart

Comer Industries SpA Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

Get a 7-Day Free Trial

17.55

17.28

11.40

15.63

16.92

Comer Industries SpA Semi-Annual Data
	Dec15	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
ROCE %	Get a 7-Day Free Trial											9.77	16.36	15.42	18.84	14.74

Comer Industries SpA ROCE % Calculation

Comer Industries 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 )
	=	147.051	/	( ( (1249.183 - 351.535)	+	(1195.01 - 354.547) )	/ 2 )
	=	147.051	/	( (897.648	+	840.463)	/ 2 )
	=	147.051	/	869.0555
	=	16.92 %

Comer Industries 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 )
	=	126.716	/	( ( (1257.706 - 378.308)	+	(1195.01 - 354.547) )	/ 2 )
	=	126.716	/	( ( 879.398	+	840.463 )	/ 2 )
	=	126.716	/	859.9305
	=	14.74 %

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

Comer Industries SpA (MIL:COM) 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.

Comer Industries SpA ROCE % Related Terms

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

Comer Industries SpA (MIL:COM) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Farm & Heavy Construction Machinery » Comer Industries SpA (MIL:COM) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

X5Q:Germany

Address

Via Magellano, 27, Reggiolo, ITA, 42046

Website

https://www.comerindustries.com

Comer Industries SpA is engaged in the design and production of advanced engineering systems and mechatronic solutions for power transmission. It operates in the sectors of agricultural machinery, construction equipment and forestry, energy and industry. The products offered by the group include Gearboxes, Driveshafts, Powertrain, Planetary drives and Wheel drives.

Comer Industries SpA (MIL:COM) Headlines

From GuruFocus

Direxion's Relative Weight ETFs Now Available Commission-Free at Schwab

By PRNewswire PRNewswire • 07-09-2019

Fundamentun, LLC Buys 3, Sells 2 in 2nd Quarter

By GuruFocus Research GuruFocus Editor • 09-06-2022