Convergenze SpA (MIL:CVG) ROCE % : 5.21% (As of Jun. 2023)

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What is Convergenze 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. Convergenze SpA's annualized ROCE % for the quarter that ended in Jun. 2023 was 5.21%.

Convergenze SpA ROCE % Historical Data

The historical data trend for Convergenze 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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Convergenze SpA ROCE % Chart

Convergenze SpA Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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31.82

19.03

3.48

9.98

Convergenze SpA Semi-Annual Data
	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Jun23	Dec23
ROCE %	Get a 7-Day Free Trial					16.07	-6.28	-6.38	5.21	15.13

Convergenze SpA ROCE % Calculation

Convergenze 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 )
	=	0	/	( ( (18.972 - 7.139)	+	(18.666 - 6.915) )	/ 2 )
	=	0	/	( (11.833	+	11.751)	/ 2 )
	=	0	/	11.792
	=	0.00 %

Convergenze 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: Jun. 2022 )		(Q: Jun. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jun. 2023 )		(Q: Jun. 2022 )		(Q: Jun. 2023 )
	=	0.594	/	( ( (17.968 - 6.657)	+	(18.973 - 7.469) )	/ 2 )
	=	0.594	/	( ( 11.311	+	11.504 )	/ 2 )
	=	0.594	/	11.4075
	=	5.21 %

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

Convergenze SpA (MIL:CVG) 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.

Convergenze SpA ROCE % Related Terms

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Convergenze SpA (MIL:CVG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Telecommunication Services » Convergenze SpA (MIL:CVG) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Via Magna Graecia 136, Capaccio Paestum, Salerno, ITA, 84047

Website

https://www.convergenze.it

Convergenze SpA is engaged in providing telecommunication services. The company wireless internet services, mobile calling and data services, television subscription services, voice call services, and other related services.