Ecosuntek SpA (MIL:ECK) ROCE % : 12.69% (As of Jun. 2023)

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What is Ecosuntek 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. Ecosuntek SpA's annualized ROCE % for the quarter that ended in Jun. 2023 was 12.69%.

Ecosuntek SpA ROCE % Historical Data

The historical data trend for Ecosuntek 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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Ecosuntek SpA ROCE % Chart

Ecosuntek SpA Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

ROCE %

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9.97

9.14

8.53

5.85

11.79

Ecosuntek SpA Semi-Annual Data
	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
ROCE %	Get a 7-Day Free Trial															12.30	6.01	11.78	13.28	12.69

Ecosuntek SpA ROCE % Calculation

Ecosuntek 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 )
	=	14.304	/	( ( (105.477 - 9.892)	+	(175.298 - 28.265) )	/ 2 )
	=	14.304	/	( (95.585	+	147.033)	/ 2 )
	=	14.304	/	121.309
	=	11.79 %

Ecosuntek 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 )
	=	13.126	/	( ( (175.298 - 28.265)	+	(136.165 - 76.247) )	/ 2 )
	=	13.126	/	( ( 147.033	+	59.918 )	/ 2 )
	=	13.126	/	103.4755
	=	12.69 %

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

Ecosuntek SpA (MIL:ECK) 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.

Ecosuntek SpA ROCE % Related Terms

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Ecosuntek SpA (MIL:ECK) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Ecosuntek SpA (MIL:ECK) » Definitions » ROCE %

Comparable Companies

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Address

Via Madre Teresa di Calcutta, Gualdo Tadino, ITA, 06023

Website

http://www.ecosuntek.com

Ecosuntek SpA is an Italian company. It produces systems for renewable energy. The company manufactures photovoltaic plants, small wind turbines, solar and vacuum panels.

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