Centrale del Latte d'Italia SpA (CHIX:CLIM) ROCE % : 12.04% (As of Mar. 2024)

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What is Centrale del Latte d'Italia 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. Centrale del Latte d'Italia SpA's annualized ROCE % for the quarter that ended in Mar. 2024 was 12.04%.

Centrale del Latte d'Italia SpA ROCE % Historical Data

The historical data trend for Centrale del Latte d'Italia 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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Centrale del Latte d'Italia SpA ROCE % Chart

Centrale del Latte d'Italia SpA Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-3.76

5.30

3.35

1.41

5.23

Centrale del Latte d'Italia SpA Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial															9.85	13.38	14.57	-16.73	12.04

Centrale del Latte d'Italia SpA ROCE % Calculation

Centrale del Latte d'Italia 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 )
	=	6.845	/	( ( (250.564 - 118.626)	+	(251.461 - 121.741) )	/ 2 )
	=	6.845	/	( (131.938	+	129.72)	/ 2 )
	=	6.845	/	130.829
	=	5.23 %

Centrale del Latte d'Italia SpA's ROCE % of for the quarter that ended in Mar. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	15.584	/	( ( (251.461 - 121.741)	+	(242.281 - 113.034) )	/ 2 )
	=	15.584	/	( ( 129.72	+	129.247 )	/ 2 )
	=	15.584	/	129.4835
	=	12.04 %

(1) Note: The EBIT data used here is four times the quarterly (Mar. 2024) EBIT data.

Centrale del Latte d'Italia SpA (CHIX:CLIm) 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.

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Centrale del Latte d'Italia SpA (CHIX:CLIM) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Centrale del Latte d'Italia SpA (CHIX:CLIm) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

CLI:Italy

Address

Via Filadelfia, 220, Turin, ITA, 10137

Website

https://www.centralelatte.torino.it

Centrale del Latte d'Italia SpA is engaged in processing, transforming, and selling milk and dairy products, fresh vegetables, and packaged products. The business company operates in segments that include Fresh Milk, Extended Shelf Life Milk, UHT Milk, Yogurt, Fourth range products, Bulk Milk and Cream, Non-dairy products, and Other Packaged Products. The Fresh Milk segment generates maximum revenue for the company.

Centrale del Latte d'Italia SpA (CHIX:CLIM) Headlines

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