Servizi Italia SpA (MIL:SRI) ROCE % : 9.21% (As of Sep. 2023)

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What is Servizi Italia 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. Servizi Italia SpA's annualized ROCE % for the quarter that ended in Sep. 2023 was 9.21%.

Servizi Italia SpA ROCE % Historical Data

The historical data trend for Servizi Italia 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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Servizi Italia SpA ROCE % Chart

Servizi Italia SpA Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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6.81

2.52

6.47

3.25

8.58

Servizi Italia SpA 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															2.11	6.43	3.83	9.21	14.34

Servizi Italia SpA ROCE % Calculation

Servizi Italia 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 )
	=	18.751	/	( ( (403.037 - 188.918)	+	(399.007 - 175.798) )	/ 2 )
	=	18.751	/	( (214.119	+	223.209)	/ 2 )
	=	18.751	/	218.664
	=	8.58 %

Servizi Italia SpA'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 )
	=	20.5	/	( ( (406.143 - 183.114)	+	(399.633 - 177.425) )	/ 2 )
	=	20.5	/	( ( 223.029	+	222.208 )	/ 2 )
	=	20.5	/	222.6185
	=	9.21 %

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

Servizi Italia SpA (MIL:SRI) 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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Servizi Italia SpA (MIL:SRI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Servizi Italia SpA (MIL:SRI) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

SRIm:UK

Address

Via San Pietro 59/B, Castellina di Soragna, ITA, 43019

Website

https://www.servizitaliagroup.com

Servizi Italia SpA is an Italy-based company. Together with its subsidiaries, the firm operates in three segments including Wash hire, Linen sterilisation, and Sterilisation of surgical instruments. Wash hire segment includes planning and provision of integrated hire, reconditioning and logistics services for textile items, mattresses, and accessories. Linen sterilisation includes the planning and rental of sterile medical devices. Sterilisation of surgical instruments includes planning and provision of washing, packaging and sterilisation services for surgical instruments and accessories. The majority of the revenues are generated from the Wash Hire segment. The group operates in Turkey, Brazil, and Italy, out of which the majority of the revenue comes from Italy.