Res SpA (MIL:RES) ROCE % : 7.59% (As of Dec. 2023)

View and export this data going back to 2023. Start your Free Trial

What is Res 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. Res SpA's annualized ROCE % for the quarter that ended in Dec. 2023 was 7.59%.

Res SpA ROCE % Historical Data

The historical data trend for Res 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.

Res SpA ROCE % Chart

Res SpA Annual Data

Trend

Dec21

Dec22

Dec23

ROCE %

13.07

1.31

9.32

Res SpA Semi-Annual Data
	Dec21	Jun22	Dec22	Jun23	Dec23
ROCE %	-	15.28	-10.74	11.05	7.59

Res SpA ROCE % Calculation

Res 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 )
	=	2.877	/	( ( (32.356 - 10.79)	+	(53.211 - 13.018) )	/ 2 )
	=	2.877	/	( (21.566	+	40.193)	/ 2 )
	=	2.877	/	30.8795
	=	9.32 %

Res 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 )
	=	2.762	/	( ( (41.796 - 9.187)	+	(53.211 - 13.018) )	/ 2 )
	=	2.762	/	( ( 32.609	+	40.193 )	/ 2 )
	=	2.762	/	36.401
	=	7.59 %

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

Res SpA (MIL:RES) 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.

Res SpA ROCE % Related Terms

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

Res SpA (MIL:RES) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Waste Management » Res SpA (MIL:RES) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Pettoranello del Molise, Zona Industriale, ITA, 86090

Website

https://www.recuperoeticosostenibile.it

Res SpA operates in the waste sector. The business activity is mainly focused on the collection and sorting of materials. The company deals with the entire waste management process from selection to functional treatment and transformation to the regeneration and recovery of waste and reuse as production raw materials.