Sicily By Car SpA (MIL:SBC) ROCE % : 55.05% (As of Dec. 2023)

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What is Sicily By Car 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. Sicily By Car SpA's annualized ROCE % for the quarter that ended in Dec. 2023 was 55.05%.

Sicily By Car SpA ROCE % Historical Data

The historical data trend for Sicily By Car 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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Sicily By Car SpA ROCE % Chart

Sicily By Car SpA Annual Data

Trend

Dec21

Dec22

Dec23

ROCE %

36.17

68.99

18.72

Sicily By Car SpA Semi-Annual Data
	Dec21	Jun22	Dec22	Jun23	Dec23
ROCE %	-	91.41	59.28	56.75	55.05

Sicily By Car SpA ROCE % Calculation

Sicily By Car 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 )
	=	28.638	/	( ( (171.644 - 54.771)	+	(277.551 - 88.464) )	/ 2 )
	=	28.638	/	( (116.873	+	189.087)	/ 2 )
	=	28.638	/	152.98
	=	18.72 %

Sicily By Car 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 )
	=	38.292	/	( ( (0 - 49.971)	+	(277.551 - 88.464) )	/ 2 )
	=	38.292	/	( ( -49.971	+	189.087 )	/ 2 )
	=	38.292	/	69.558
	=	55.05 %

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

Sicily By Car SpA (MIL:SBC) 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.

Sicily By Car SpA ROCE % Related Terms

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Sicily By Car SpA (MIL:SBC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Sicily By Car SpA (MIL:SBC) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

5LC:Germany

Address

Via Galileo Galilei, 10H, Bolzano, ITA, 39100

Website

https://www.sicilybycar.it

Sicily By Car SpA operates in the Italian short-term rental market with 55 rental offices directly located at the main Italian airports and cities. The company allows to choose among: Private hire (cheap, compact, medium, standard, convertible, estate and 9-seater cars), Commercial vehicles, Electric car rentals, Boat rental.

Sicily By Car SpA (MIL:SBC) Headlines

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