Fervi SpA (MIL:FVI) ROCE % : 11.58% (As of Dec. 2023)

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What is Fervi 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. Fervi SpA's annualized ROCE % for the quarter that ended in Dec. 2023 was 11.58%.

Fervi SpA ROCE % Historical Data

The historical data trend for Fervi 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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Fervi SpA ROCE % Chart

Fervi SpA Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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13.68

9.90

11.44

12.91

13.50

Fervi SpA Semi-Annual Data
	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
ROCE %	Get a 7-Day Free Trial												10.89	15.97	9.46	15.30	11.58

Fervi SpA ROCE % Calculation

Fervi SpA's annualized ROCE % for the fiscal year that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2023 )		(A: Dec. 2022 )		(A: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2023 )		(A: Dec. 2022 )		(A: Dec. 2023 )
	=	5.395	/	( ( (67.592 - 27.045)	+	(61.033 - 21.664) )	/ 2 )
	=	5.395	/	( (40.547	+	39.369)	/ 2 )
	=	5.395	/	39.958
	=	13.50 %

Fervi SpA's ROCE % of for the quarter that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2023 )		(Q: Jun. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Jun. 2023 )		(Q: Dec. 2023 )
	=	4.61	/	( ( (66.275 - 26.042)	+	(61.033 - 21.664) )	/ 2 )
	=	4.61	/	( ( 40.233	+	39.369 )	/ 2 )
	=	4.61	/	39.801
	=	11.58 %

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

Fervi SpA (MIL:FVI) 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.

Fervi SpA ROCE % Related Terms

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Fervi SpA (MIL:FVI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Fervi SpA (MIL:FVI) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Via del Commercio 81, Vignola, Modena, ITA, 41058

Website

http://www.fervi.com

Fervi SpA is engaged in researching, selecting, distributing and repairing hardware products and machine tools. The firm's product comprises of machine tools, accessories for machines, abrasives, consumables, measurement tools and general tools.