A.b.p. Nocivelli SpA (MIL:ABP) ROCE % : 26.52% (As of Dec. 2023)

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What is A.b.p. Nocivelli 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. A.b.p. Nocivelli SpA's annualized ROCE % for the quarter that ended in Dec. 2023 was 26.52%.

A.b.p. Nocivelli SpA ROCE % Historical Data

The historical data trend for A.b.p. Nocivelli 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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A.b.p. Nocivelli SpA ROCE % Chart

A.b.p. Nocivelli SpA Annual Data

Trend

Jun19

Jun20

Jun21

Jun22

Jun23

ROCE %

24.46

34.27

31.49

25.41

23.30

A.b.p. Nocivelli SpA Semi-Annual Data
	Jun19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
ROCE %	Get a 7-Day Free Trial				27.74	23.43	28.44	18.59	26.52

A.b.p. Nocivelli SpA ROCE % Calculation

A.b.p. Nocivelli SpA's annualized ROCE % for the fiscal year that ended in Jun. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Jun. 2023 )		(A: Jun. 2022 )		(A: Jun. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Jun. 2023 )		(A: Jun. 2022 )		(A: Jun. 2023 )
	=	13.954	/	( ( (75.957 - 20.706)	+	(80.288 - 15.753) )	/ 2 )
	=	13.954	/	( (55.251	+	64.535)	/ 2 )
	=	13.954	/	59.893
	=	23.30 %

A.b.p. Nocivelli 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 )
	=	17.764	/	( ( (80.288 - 15.753)	+	(94.525 - 25.078) )	/ 2 )
	=	17.764	/	( ( 64.535	+	69.447 )	/ 2 )
	=	17.764	/	66.991
	=	26.52 %

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

A.b.p. Nocivelli SpA (MIL:ABP) 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.

A.b.p. Nocivelli SpA ROCE % Related Terms

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A.b.p. Nocivelli SpA (MIL:ABP) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » A.b.p. Nocivelli SpA (MIL:ABP) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Via Padana Superiore 67, Castegnato, ITA, 25045

Website

http://www.abpnocivelli.com

A.b.p. Nocivelli SpA is engaged in the trading of petroleum products and lubricants. It offers storage, distribution, and customer services. Additionally, the firm provides Facility Management services.

A.b.p. Nocivelli SpA (MIL:ABP) Headlines

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