Simone SpA (MIL:SMN) ROCE % : 6.03% (As of Jun. 2023)

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What is Simone 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. Simone SpA's annualized ROCE % for the quarter that ended in Jun. 2023 was 6.03%.

Simone SpA ROCE % Historical Data

The historical data trend for Simone 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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Simone SpA ROCE % Chart

Simone SpA Annual Data

Trend

Dec21

Dec22

ROCE %

6.99

7.17

Simone SpA Semi-Annual Data
	Dec21	Dec22	Jun23
ROCE %	-	-	6.03

Simone SpA ROCE % Calculation

Simone 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 )
	=	1.069	/	( ( (19.431 - 4.244)	+	(23.665 - 9.044) )	/ 2 )
	=	1.069	/	( (15.187	+	14.621)	/ 2 )
	=	1.069	/	14.904
	=	7.17 %

Simone 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 )
	=	1.006	/	( ( (23.665 - 9.044)	+	(25.05 - 6.302) )	/ 2 )
	=	1.006	/	( ( 14.621	+	18.748 )	/ 2 )
	=	1.006	/	16.6845
	=	6.03 %

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

Simone SpA (MIL:SMN) 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.

Simone SpA ROCE % Related Terms

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Simone SpA (MIL:SMN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Simone SpA (MIL:SMN) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Via Riviera di Chiaia 256, Napoli, ITA, 80121

Website

https://www.edizioni.simone.it

Simone SpA is a publishing company based in Naples, Italy. It mainly publishes educational materials and textbooks.