Ariston Holding NV (MIL:ARIS) ROCE % : 10.29% (As of Dec. 2023)

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What is Ariston Holding NV 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. Ariston Holding NV's annualized ROCE % for the quarter that ended in Dec. 2023 was 10.29%.

Ariston Holding NV ROCE % Historical Data

The historical data trend for Ariston Holding NV'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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Ariston Holding NV ROCE % Chart

Ariston Holding NV Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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12.47

13.26

13.83

10.80

11.82

Ariston Holding NV Semi-Annual Data
	Dec17	Dec18	Dec19	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
ROCE %	Get a 7-Day Free Trial					12.90	11.75	11.09	13.23	10.29

Ariston Holding NV ROCE % Calculation

Ariston Holding NV'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 )
	=	289.4	/	( ( (2878.5 - 827.5)	+	(3868 - 1023.8) )	/ 2 )
	=	289.4	/	( (2051	+	2844.2)	/ 2 )
	=	289.4	/	2447.6
	=	11.82 %

Ariston Holding NV'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 )
	=	276.2	/	( ( (3515.3 - 990.3)	+	(3868 - 1023.8) )	/ 2 )
	=	276.2	/	( ( 2525	+	2844.2 )	/ 2 )
	=	276.2	/	2684.6
	=	10.29 %

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

Ariston Holding NV (MIL:ARIS) 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.

Ariston Holding NV ROCE % Related Terms

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Ariston Holding NV (MIL:ARIS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » Ariston Holding NV (MIL:ARIS) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

ARISm:UK 0ABE:UK E0E:Germany

Address

Via Broletto 44, Milano, ITA, 20121

Website

https://www.aristongroup.com

Ariston Holding NV is an Italian based company that produces heating systems and related products. It develops, manufactures, and markets renewable hot water solutions. The company brands include Ariston, Elco, Chaffoteaux, Racold, Calorex, NTI, HTP, ATAG amongst others. Its segment includes Thermal Com-fort (TC), Burners (BUR), and Components (COM).