Acquazzurra SpA (MIL:ACQ) ROCE % : 11.75% (As of Jun. 2023)

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What is Acquazzurra 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. Acquazzurra SpA's annualized ROCE % for the quarter that ended in Jun. 2023 was 11.75%.

Acquazzurra SpA ROCE % Historical Data

The historical data trend for Acquazzurra 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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Acquazzurra SpA ROCE % Chart

Acquazzurra SpA Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

26.09

23.79

15.37

-4.90

4.83

Acquazzurra SpA Semi-Annual Data
	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
ROCE %	Get a 7-Day Free Trial				40.09	-15.73	5.42	11.75	-

Acquazzurra SpA ROCE % Calculation

Acquazzurra 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 )
	=	0.285	/	( ( (11.169 - 5.117)	+	(12.224 - 6.471) )	/ 2 )
	=	0.285	/	( (6.052	+	5.753)	/ 2 )
	=	0.285	/	5.9025
	=	4.83 %

Acquazzurra SpA's ROCE % of for the quarter that ended in Jun. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jun. 2023 )		(Q: Dec. 2022 )		(Q: Jun. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jun. 2023 )		(Q: Dec. 2022 )		(Q: Jun. 2023 )
	=	0.754	/	( ( (11.169 - 5.117)	+	(12.042 - 5.264) )	/ 2 )
	=	0.754	/	( ( 6.052	+	6.778 )	/ 2 )
	=	0.754	/	6.415
	=	11.75 %

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

Acquazzurra SpA (MIL:ACQ) 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.

Acquazzurra SpA ROCE % Related Terms

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Acquazzurra SpA (MIL:ACQ) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Acquazzurra SpA (MIL:ACQ) » Definitions » ROCE %

Comparable Companies

TSE:3622 TSE:2656 TSE:9258 TSE:2411 TRKA BKK:GPI TSE:2173 TSE:7063 XPAR:ALNXT KNIT

Traded in Other Exchanges

N/A

Address

Via Rutilia, 10/8, Milan, ITA, 20141

Website

https://www.acquazzurra.biz

Acquazzurra SpA operates as an advertising agency. It is engaged in the sector of the sale of advertising space in exchange for the products of advertiser customers. The company structures the campaigns advertising more suited to the needs of advertisers customers, taking advantage of different types of media, such as TV, radio, magazines, newspapers, outdoor advertising, and the web.

Acquazzurra SpA (MIL:ACQ) Headlines

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