Radici Pietro Industries & Brands SpA (MIL:RAD) ROCE % : 3.77% (As of Dec. 2023)

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What is Radici Pietro Industries & Brands 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. Radici Pietro Industries & Brands SpA's annualized ROCE % for the quarter that ended in Dec. 2023 was 3.77%.

Radici Pietro Industries & Brands SpA ROCE % Historical Data

The historical data trend for Radici Pietro Industries & Brands 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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Radici Pietro Industries & Brands SpA ROCE % Chart

Radici Pietro Industries & Brands SpA Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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9.24

-0.19

-0.28

1.35

2.43

Radici Pietro Industries & Brands SpA Semi-Annual Data
	Dec17	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
ROCE %	Get a 7-Day Free Trial							2.15	0.37	2.37	1.09	3.77

Radici Pietro Industries & Brands SpA ROCE % Calculation

Radici Pietro Industries & Brands 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 )
	=	1.374	/	( ( (70.808 - 13.956)	+	(71.151 - 14.972) )	/ 2 )
	=	1.374	/	( (56.852	+	56.179)	/ 2 )
	=	1.374	/	56.5155
	=	2.43 %

Radici Pietro Industries & Brands 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 )
	=	2.13	/	( ( (72.29 - 15.333)	+	(71.151 - 14.972) )	/ 2 )
	=	2.13	/	( ( 56.957	+	56.179 )	/ 2 )
	=	2.13	/	56.568
	=	3.77 %

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

Radici Pietro Industries & Brands SpA (MIL:RAD) 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.

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Radici Pietro Industries & Brands SpA (MIL:RAD) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Furnishings, Fixtures & Appliances » Radici Pietro Industries & Brands SpA (MIL:RAD) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Via Cavalier Pietro Radici, 19, Cazzano Sant'Andrea, Bergamo, ITA, 24026

Website

http://www.sit-in.it

Radici Pietro Industries & Brands SpA is engaged in the carpet business. It offers carpets for various industries such as Hotels, Offices, Ships, Aircraftm Automotive, Residential and others.

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