Bifire SpA (MIL:FIRE) ROCE % : 28.51% (As of Dec. 2023)

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What is Bifire 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. Bifire SpA's annualized ROCE % for the quarter that ended in Dec. 2023 was 28.51%.

Bifire SpA ROCE % Historical Data

The historical data trend for Bifire 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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Bifire SpA ROCE % Chart

Bifire SpA Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

ROCE %

13.25

25.70

23.12

25.99

Bifire SpA Semi-Annual Data
	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
ROCE %	Get a 7-Day Free Trial			23.44	28.38	15.57	23.55	28.51

Bifire SpA ROCE % Calculation

Bifire 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 )
	=	10.54	/	( ( (46.342 - 9.477)	+	(55.684 - 11.438) )	/ 2 )
	=	10.54	/	( (36.865	+	44.246)	/ 2 )
	=	10.54	/	40.5555
	=	25.99 %

Bifire 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 )
	=	12.022	/	( ( (49.744 - 9.669)	+	(55.684 - 11.438) )	/ 2 )
	=	12.022	/	( ( 40.075	+	44.246 )	/ 2 )
	=	12.022	/	42.1605
	=	28.51 %

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

Bifire SpA (MIL:FIRE) 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.

Bifire SpA ROCE % Related Terms

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Bifire SpA (MIL:FIRE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Bifire SpA (MIL:FIRE) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

Q8I:Germany

Address

Via Lavoratori dell'Autobianchi, 1, Desio, ITA, 20832

Website

https://www.bifire.it

Bifire SpA is a manufacturer of products for thermal insulation and fire protection in construction, industrial and marine environments, manufactures technological and innovative products, enabling the completion of projects. Its products comprise Aquafire, Aquafire LED, Bilife, and Vacunanex. Its products cater to Fireproofing construction, Thermal insulation construction, Fireproofing Industry, and Thermal Insulation Industry.

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