Abitare In SpA (MIL:ABT) ROCE % : 8.38% (As of Dec. 2023)

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What is Abitare In 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. Abitare In SpA's annualized ROCE % for the quarter that ended in Dec. 2023 was 8.38%.

Abitare In SpA ROCE % Historical Data

The historical data trend for Abitare In 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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Abitare In SpA ROCE % Chart

Abitare In SpA Annual Data

Trend

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

ROCE %

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10.09

9.66

10.43

5.50

13.00

Abitare In SpA Quarterly Data
	Mar18	Sep18	Mar19	Sep19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial															5.91	30.16	9.68	4.78	8.38

Abitare In SpA ROCE % Calculation

Abitare In SpA's annualized ROCE % for the fiscal year that ended in Sep. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Sep. 2023 )		(A: Sep. 2022 )		(A: Sep. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Sep. 2023 )		(A: Sep. 2022 )		(A: Sep. 2023 )
	=	35.771	/	( ( (383.874 - 65.321)	+	(279.121 - 47.493) )	/ 2 )
	=	35.771	/	( (318.553	+	231.628)	/ 2 )
	=	35.771	/	275.0905
	=	13.00 %

Abitare In 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 )
	=	20.012	/	( ( (279.121 - 47.493)	+	(286.361 - 40.163) )	/ 2 )
	=	20.012	/	( ( 231.628	+	246.198 )	/ 2 )
	=	20.012	/	238.913
	=	8.38 %

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

Abitare In SpA (MIL:ABT) 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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Abitare In SpA (MIL:ABT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Abitare In SpA (MIL:ABT) » Definitions » ROCE %

Traded in Other Exchanges

1BN:Germany

Address

Via degli Olivetani 10/12, Milan, ITA, 20123

Website

https://www.abitareinspa.com

Abitare In SpA is a real estate company. It is engaged in developing and selling real estate units including urban building projects in Milan, Italy. Its projects include Poste and Maggiolina.