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Defence Tech Holding SpA (MIL:DTH) ROCE % : 13.12% (As of Jun. 2023)


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What is Defence Tech Holding 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. Defence Tech Holding SpA's annualized ROCE % for the quarter that ended in Jun. 2023 was 13.12%.

Defence Tech Holding SpA ROCE % Historical Data

The historical data trend for Defence Tech Holding 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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Defence Tech Holding SpA ROCE % Chart

Defence Tech Holding SpA Annual Data
Trend Dec19 Dec20 Dec21 Dec22
ROCE %
7.85 6.41 19.84 13.06

Defence Tech Holding SpA Semi-Annual Data
Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23
ROCE % Get a 7-Day Free Trial 40.69 18.57 15.24 10.66 13.12

Defence Tech Holding SpA ROCE % Calculation

Defence Tech Holding 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 )
=5.62/( ( (50.35 - 9.942) + (61.214 - 15.58) )/ 2 )
=5.62/( (40.408+45.634)/ 2 )
=5.62/43.021
=13.06 %

Defence Tech Holding 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 )
=6.014/( ( (61.214 - 15.58) + (60.695 - 14.636) )/ 2 )
=6.014/( ( 45.634 + 46.059 )/ 2 )
=6.014/45.8465
=13.12 %

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

* 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.

Defence Tech Holding SpA  (MIL:DTH) 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.

Defence Tech Holding SpA ROCE % Related Terms

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Defence Tech Holding SpA (MIL:DTH) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Industrials » Aerospace & Defense » Defence Tech Holding SpA (MIL:DTH) » Definitions » ROCE %
Comparable Companies
MIL:OS MIL:AVIO MIL:PAG RTX BA LMT XPAR:AIR NOC GD XPAR:SAF TDG LSE:BA. LHX XPAR:HO LSE:RR. HEI.A HWM SHSE:600760 SHSE:600150 XPAR:AM
Traded in Other Exchanges
65F:Germany
Address
Via Giacomo Peroni, 452, Rome, ITA, 00131
Website
https://www.defencetech.it
Defence Tech Holding SpA operates in the cyber security, big data, intelligence, space and national defense sectors through the design, construction and certification of information management systems.