Health Italia SpA (MIL:HI) ROCE % : 6.83% (As of Dec. 2023)

View and export this data going back to 2017. Start your Free Trial

What is Health Italia 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. Health Italia SpA's annualized ROCE % for the quarter that ended in Dec. 2023 was 6.83%.

Health Italia SpA ROCE % Historical Data

The historical data trend for Health Italia 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.

* Premium members only.

Health Italia SpA ROCE % Chart

Health Italia SpA Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

Get a 7-Day Free Trial

6.82

4.62

6.75

14.10

9.30

Health Italia 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												10.61	17.42	12.23	11.72	6.83

Health Italia SpA ROCE % Calculation

Health Italia 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 )
	=	4.031	/	( ( (71.457 - 31.704)	+	(67.443 - 20.482) )	/ 2 )
	=	4.031	/	( (39.753	+	46.961)	/ 2 )
	=	4.031	/	43.357
	=	9.30 %

Health Italia 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 )
	=	3.126	/	( ( (68.357 - 23.844)	+	(67.443 - 20.482) )	/ 2 )
	=	3.126	/	( ( 44.513	+	46.961 )	/ 2 )
	=	3.126	/	45.737
	=	6.83 %

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

Health Italia SpA (MIL:HI) 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.

Health Italia SpA ROCE % Related Terms

Thank you for viewing the detailed overview of Health Italia SpA's ROCE % provided by GuruFocus.com. Please click on the following links to see related term pages.

Health Italia SpA (MIL:HI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Plans » Health Italia SpA (MIL:HI) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

6I5:Germany

Address

Via di Santa Cornelia, 9, Formello, ITA, 00060

Website

http://www.healthitalia.it

Health Italia SpA is an Italy based company engaged in offering integrated healthcare services. It operates in the promotion of integrated and alternative healthcare solutions and provides administrative, liquidation, information technology and consulting services for health funds, health care funds and mutual-aid companies. In addition, the group is also active in the corporate welfare market and manages outsourced flexible benefit welfare plans.