E-Globe SpA (MIL:EGB) ROCE % : 138.52% (As of Dec. 2022)

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What is E-Globe 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. E-Globe SpA's annualized ROCE % for the quarter that ended in Dec. 2022 was 138.52%.

E-Globe SpA ROCE % Historical Data

The historical data trend for E-Globe 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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E-Globe SpA ROCE % Chart

E-Globe SpA Annual Data

Trend

Dec21

Dec22

ROCE %

89.88

138.52

E-Globe SpA Semi-Annual Data
	Dec21	Dec22
ROCE %	89.88	138.52

E-Globe SpA ROCE % Calculation

E-Globe 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 )
	=	7.12	/	( ( (7.676 - 3.683)	+	(14.779 - 8.492) )	/ 2 )
	=	7.12	/	( (3.993	+	6.287)	/ 2 )
	=	7.12	/	5.14
	=	138.52 %

E-Globe SpA's ROCE % of for the quarter that ended in Dec. 2022 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2022 )		(Q: Dec. 2021 )		(Q: Dec. 2022 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2022 )		(Q: Dec. 2021 )		(Q: Dec. 2022 )
	=	7.12	/	( ( (7.676 - 3.683)	+	(14.779 - 8.492) )	/ 2 )
	=	7.12	/	( ( 3.993	+	6.287 )	/ 2 )
	=	7.12	/	5.14
	=	138.52 %

(1) Note: The EBIT data used here is one times the annual (Dec. 2022) EBIT data.

E-Globe SpA (MIL:EGB) 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.

E-Globe SpA ROCE % Related Terms

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E-Globe SpA (MIL:EGB) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » E-Globe SpA (MIL:EGB) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Loc. Lipuda industrial area, Cirò Marina, ITA, 88811

Website

https://www.e-globe.it

E-Globe SpA is an Italian Based Company which designs and distributes State of the art thermo-hydraulic and conditioning systems. The Company specializes in the sale of air conditioners, fan coils, electric pumps, solar panels, boilers and stoves. The company is associated with various brands such as ABB, aquatherm, ariston, Baxi, and carrier.

E-Globe SpA (MIL:EGB) Headlines

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