It Way (MIL:ITW) ROCE % : 1.60% (As of Sep. 2023)

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What is It Way 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. It Way's annualized ROCE % for the quarter that ended in Sep. 2023 was 1.60%.

It Way ROCE % Historical Data

The historical data trend for It Way'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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It Way ROCE % Chart

It Way Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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26.94

10.83

15.31

-1.10

1.10

It Way Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial															-20.85	2.01	7.25	1.60	-7.00

It Way ROCE % Calculation

It Way'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 )
	=	0.191	/	( ( (39.711 - 22.043)	+	(39.111 - 22.201) )	/ 2 )
	=	0.191	/	( (17.668	+	16.91)	/ 2 )
	=	0.191	/	17.289
	=	1.10 %

It Way's ROCE % of for the quarter that ended in Sep. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2023 )		(Q: Jun. 2023 )		(Q: Sep. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2023 )		(Q: Jun. 2023 )		(Q: Sep. 2023 )
	=	0.288	/	( ( (33.06 - 15.068)	+	(0 - 0) )	/ 1 )
	=	0.288	/	( ( 17.992	+	0 )	/ 1 )
	=	0.288	/	17.992
	=	1.60 %

(1) Note: The EBIT data used here is four times the quarterly (Sep. 2023) EBIT data.

It Way (MIL:ITW) 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.

It Way ROCE % Related Terms

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It Way (MIL:ITW) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » It Way (MIL:ITW) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Viale Achille Papa, 30, Ravenna, ITA, 48124

Website

http://www.itway.com

It Way is an Italy-based company that operates in the information technology (IT) industry. The company's segment includes VAD and Others. It generates maximum revenue from the VAD segment. It has three reference sectors namely Valued Added Distribution and Value Added Reseller and Value Added Services. The company focuses on distribution and integration of products and services for logical security of IT systems, professional services and production of solutions and software technologies for e-business and professional services as system integrators and centralization of applications.