Casta Diva Group SpA (MIL:CDG) ROCE % : 22.55% (As of Jun. 2023)

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What is Casta Diva Group 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. Casta Diva Group SpA's annualized ROCE % for the quarter that ended in Jun. 2023 was 22.55%.

Casta Diva Group SpA ROCE % Historical Data

The historical data trend for Casta Diva Group 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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Casta Diva Group SpA ROCE % Chart

Casta Diva Group SpA Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

ROCE %

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-9.57

-4.27

-32.73

5.46

28.26

Casta Diva Group SpA Semi-Annual Data
	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
ROCE %	Get a 7-Day Free Trial															-15.78	26.45	39.69	20.19	22.55

Casta Diva Group SpA ROCE % Calculation

Casta Diva Group SpA's annualized ROCE % for the fiscal year that ended in Dec. 2022 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2022 )		(A: Dec. 2021 )		(A: Dec. 2022 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2022 )		(A: Dec. 2021 )		(A: Dec. 2022 )
	=	3.863	/	( ( (30.405 - 19.738)	+	(62.319 - 45.645) )	/ 2 )
	=	3.863	/	( (10.667	+	16.674)	/ 2 )
	=	3.863	/	13.6705
	=	28.26 %

Casta Diva Group 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 )
	=	4.4	/	( ( (62.319 - 45.645)	+	(59.093 - 36.741) )	/ 2 )
	=	4.4	/	( ( 16.674	+	22.352 )	/ 2 )
	=	4.4	/	19.513
	=	22.55 %

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

Casta Diva Group SpA (MIL:CDG) 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.

Casta Diva Group SpA ROCE % Related Terms

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Casta Diva Group SpA (MIL:CDG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Casta Diva Group SpA (MIL:CDG) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

99C:Germany

Address

Via Lomazzo, 34a, Milan, ITA, 20154

Website

https://www.castadivagroup.com

Casta Diva Group SpA is a communication company operating in branded content including advertising productions, films, TV programming, corporate events, viral videos, digital content, and live music shows.

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