Magis SpA (MIL:MGS) ROCE % : 19.51% (As of Dec. 2022)

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What is Magis 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. Magis SpA's annualized ROCE % for the quarter that ended in Dec. 2022 was 19.51%.

Magis SpA ROCE % Historical Data

The historical data trend for Magis 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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Magis SpA ROCE % Chart

Magis SpA Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

ROCE %

9.29

20.24

31.65

27.59

Magis SpA Semi-Annual Data
	Dec20	Jun21	Dec21	Jun22	Dec22	Dec23
ROCE %	Get a 7-Day Free Trial			20.07	20.39	45.80	19.51	-

Magis SpA ROCE % Calculation

Magis 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 )
	=	12.268	/	( ( (64.791 - 22.404)	+	(69.285 - 22.729) )	/ 2 )
	=	12.268	/	( (42.387	+	46.556)	/ 2 )
	=	12.268	/	44.4715
	=	27.59 %

Magis SpA's ROCE % of for the quarter that ended in Dec. 2022 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2022 )		(Q: Jun. 2022 )		(Q: Dec. 2022 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2022 )		(Q: Jun. 2022 )		(Q: Dec. 2022 )
	=	7.794	/	( ( (70.639 - 33.117)	+	(64.791 - 22.404) )	/ 2 )
	=	7.794	/	( ( 37.522	+	42.387 )	/ 2 )
	=	7.794	/	39.9545
	=	19.51 %

(1) Note: The EBIT data used here is two times the semi-annual (Dec. 2022) EBIT data.

Magis SpA (MIL:MGS) 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.

Magis SpA ROCE % Related Terms

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Magis SpA (MIL:MGS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Magis SpA (MIL:MGS) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Via Ponte Cerretano, 24, Cerreto Guidi, Florence, ITA, 50050

Website

http://www.magis.it

Magis SpA engages in the production of customized adhesive tapes, packaging products, and closure systems for disposable nappies and adult incontinence products. Its products comprise Bopp tapes, Bopet tapes, Duct tapes, Crepe tapes, and Mopp tapes.

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