Il Sole 24 Ore (MIL:S24) ROCE % : 17.70% (As of Dec. 2023)

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What is Il Sole 24 Ore 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. Il Sole 24 Ore's annualized ROCE % for the quarter that ended in Dec. 2023 was 17.70%.

Il Sole 24 Ore ROCE % Historical Data

The historical data trend for Il Sole 24 Ore'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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Il Sole 24 Ore ROCE % Chart

Il Sole 24 Ore Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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3.01

2.68

-10.29

7.72

10.50

Il Sole 24 Ore Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial															1.46	22.15	0.54	17.70	1.55

Il Sole 24 Ore ROCE % Calculation

Il Sole 24 Ore'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 )
	=	13.241	/	( ( (245.765 - 122.422)	+	(251.018 - 122.128) )	/ 2 )
	=	13.241	/	( (123.343	+	128.89)	/ 2 )
	=	13.241	/	126.1165
	=	10.50 %

Il Sole 24 Ore'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: Sep. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	22.812	/	( ( (244.999 - 116.141)	+	(251.018 - 122.128) )	/ 2 )
	=	22.812	/	( ( 128.858	+	128.89 )	/ 2 )
	=	22.812	/	128.874
	=	17.70 %

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

Il Sole 24 Ore (MIL:S24) 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.

Il Sole 24 Ore ROCE % Related Terms

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Il Sole 24 Ore (MIL:S24) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Il Sole 24 Ore (MIL:S24) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

4IL1:Germany

Address

Via Monte Rosa, 91, Milan, MI, ITA, 20149

Website

http://www.ilsole24ore.com

Il Sole 24 Ore is engaged in publishing news, books, and magazines. The company's segments are categorized into seven divisions. The Publishing and Digital division engages in publishing the daily newspaper, broadsheets, magazines, website, and the radiocor plus press agency. The Tax and legal segment provide products with technical and regulatory content. Its Radio segment manages the national radio 24 broadcasters. The System segment functions as an advertising sales agency. The Education and services segment provides training to young university graduates, managers, and professionals. The Culture segment comprises of the production of exhibitions and book publication. The Corporate and centralized services seek departments and the services associated with the support processes.

Il Sole 24 Ore (MIL:S24) Headlines

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