Eles SpA (MIL:ELES) ROCE % : 4.67% (As of Jun. 2023)

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What is Eles 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. Eles SpA's annualized ROCE % for the quarter that ended in Jun. 2023 was 4.67%.

Eles SpA ROCE % Historical Data

The historical data trend for Eles 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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Eles SpA ROCE % Chart

Eles SpA Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

ROCE %

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12.60

7.66

7.15

4.81

3.91

Eles SpA Semi-Annual Data
	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
ROCE %	Get a 7-Day Free Trial							8.25	1.13	2.31	5.75	4.67

Eles SpA ROCE % Calculation

Eles 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 )
	=	1.23	/	( ( (37.232 - 10.644)	+	(49.924 - 13.654) )	/ 2 )
	=	1.23	/	( (26.588	+	36.27)	/ 2 )
	=	1.23	/	31.429
	=	3.91 %

Eles 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 )
	=	1.786	/	( ( (49.924 - 13.654)	+	(57.212 - 17.025) )	/ 2 )
	=	1.786	/	( ( 36.27	+	40.187 )	/ 2 )
	=	1.786	/	38.2285
	=	4.67 %

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

Eles SpA (MIL:ELES) 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.

Eles SpA ROCE % Related Terms

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Eles SpA (MIL:ELES) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Eles SpA (MIL:ELES) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

1EP:Germany

Address

Zona Bodoglie, 148/1/Z, Todi, ITA

Website

https://www.eles.com

Eles SpA is engaged in providing semiconductor reliability test solutions. The solutions offered by the company include Smart Power, MEMS, Soc, Power Train, Avionics, Navy, Body Control and Comfort and Infotainment.

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