BolognaFiere SpA (MIL:BF) ROCE % : 9.14% (As of Jun. 2023)

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What is BolognaFiere 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. BolognaFiere SpA's annualized ROCE % for the quarter that ended in Jun. 2023 was 9.14%.

BolognaFiere SpA ROCE % Historical Data

The historical data trend for BolognaFiere 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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BolognaFiere SpA ROCE % Chart

BolognaFiere SpA Annual Data

Trend

Dec21

Dec22

ROCE %

0.05

0.40

BolognaFiere SpA Semi-Annual Data
	Dec21	Jun22	Dec22	Jun23
ROCE %	-	7.59	-5.00	9.14

BolognaFiere SpA ROCE % Calculation

BolognaFiere 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 )
	=	1.375	/	( ( (465.137 - 171.696)	+	(551.491 - 160.763) )	/ 2 )
	=	1.375	/	( (293.441	+	390.728)	/ 2 )
	=	1.375	/	342.0845
	=	0.40 %

BolognaFiere 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 )
	=	36.166	/	( ( (551.491 - 160.763)	+	(533.832 - 133.562) )	/ 2 )
	=	36.166	/	( ( 390.728	+	400.27 )	/ 2 )
	=	36.166	/	395.499
	=	9.14 %

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

BolognaFiere SpA (MIL:BF) 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.

BolognaFiere SpA ROCE % Related Terms

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BolognaFiere SpA (MIL:BF) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » BolognaFiere SpA (MIL:BF) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Viale della Fiera, 20, Bologna, ITA, 40127

Website

https://bolognafiere.it

BolognaFiere SpA is an exhibition operator in Italy. It covers the full industry supply chain - trade fair and event organisation, venue management, booth installation, and architecture - operating in over 10 countries in 3 continents (Europe, Asia, and America). The Group operates both in Italy and internationally, organizing exhibition events and providing installation and architecture services in more than 15 foreign countries (including Germany, France, Switzerland, USA, Mexico, China, India, Thailand, United Arab Emirates, etc.

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