Industrie De Nora spa (CHIX:DNRM) ROCE % : 14.86% (As of Dec. 2023)

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What is Industrie De Nora 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. Industrie De Nora spa's annualized ROCE % for the quarter that ended in Dec. 2023 was 14.86%.

Industrie De Nora spa ROCE % Historical Data

The historical data trend for Industrie De Nora 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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Industrie De Nora spa ROCE % Chart

Industrie De Nora spa Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

7.07

7.75

17.52

16.41

25.70

Industrie De Nora spa Quarterly Data
	Dec19	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial										15.79	13.24	66.92	14.86	11.72

Industrie De Nora spa ROCE % Calculation

Industrie De Nora 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 )
	=	274.014	/	( ( (1287.624 - 238.044)	+	(1332.009 - 249.248) )	/ 2 )
	=	274.014	/	( (1049.58	+	1082.761)	/ 2 )
	=	274.014	/	1066.1705
	=	25.70 %

Industrie De Nora 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: Sep. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	159.764	/	( ( (1296.426 - 229.615)	+	(1332.009 - 249.248) )	/ 2 )
	=	159.764	/	( ( 1066.811	+	1082.761 )	/ 2 )
	=	159.764	/	1074.786
	=	14.86 %

(1) Note: The EBIT data used here is four times the quarterly (Dec. 2023) EBIT data.

Industrie De Nora spa (CHIX:DNRm) 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.

Industrie De Nora spa ROCE % Related Terms

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Industrie De Nora spa (CHIX:DNRM) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Industrie De Nora spa (CHIX:DNRm) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

DNR:Italy M3D:Germany

Address

Via Leonardo Bistolfi, 35, Milan, ITA, 20134

Website

https://www.denora.com

Industrie De Nora spa manufactures and distributes chemicals. The Group is organized into three business segments: the Electrode Technologies business. Energy Transition business and the Water Technologies business. Electrode Technologies segment earns the majority of companies revenues.

Industrie De Nora spa (CHIX:DNRM) Headlines

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