Italian Wine Brands SpA (MIL:IWB) ROCE % : 9.21% (As of Dec. 2023)

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What is Italian Wine Brands 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. Italian Wine Brands SpA's annualized ROCE % for the quarter that ended in Dec. 2023 was 9.21%.

Italian Wine Brands SpA ROCE % Historical Data

The historical data trend for Italian Wine Brands 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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Italian Wine Brands SpA ROCE % Chart

Italian Wine Brands SpA Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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8.97

12.63

9.52

5.35

7.11

Italian Wine Brands SpA Semi-Annual Data
	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
ROCE %	Get a 7-Day Free Trial													9.30	4.79	6.06	5.18	9.21

Italian Wine Brands SpA ROCE % Calculation

Italian Wine Brands 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 )
	=	26.58	/	( ( (561.317 - 190.484)	+	(537.056 - 160.675) )	/ 2 )
	=	26.58	/	( (370.833	+	376.381)	/ 2 )
	=	26.58	/	373.607
	=	7.11 %

Italian Wine Brands 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 )
	=	34.114	/	( ( (535.191 - 170.579)	+	(537.056 - 160.675) )	/ 2 )
	=	34.114	/	( ( 364.612	+	376.381 )	/ 2 )
	=	34.114	/	370.4965
	=	9.21 %

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

Italian Wine Brands SpA (MIL:IWB) 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.

Italian Wine Brands SpA ROCE % Related Terms

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Italian Wine Brands SpA (MIL:IWB) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Beverages - Alcoholic » Italian Wine Brands SpA (MIL:IWB) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

MR3:Germany

Address

Viale Abruzzi 94, Milan, ITA, 20131

Website

https://www.italianwinebrands.it

Italian Wine Brands SpA through its subsidiaries is engaged in the production and distribution of wine in Italy. The group works through two different sales channels namely Distance Selling and Wholesale. The company also offers gourmet food products, coffee, and extra virgin olive oil, to Terre dei Gigli and Italian Art Cafe brands. The company operates in Europe and rest of the world.