Zignago Vetro SpA (MIL:ZV) ROCE % : 11.26% (As of Mar. 2024)

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What is Zignago Vetro 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. Zignago Vetro SpA's annualized ROCE % for the quarter that ended in Mar. 2024 was 11.26%.

Zignago Vetro SpA ROCE % Historical Data

The historical data trend for Zignago Vetro 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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Zignago Vetro SpA ROCE % Chart

Zignago Vetro SpA Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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18.50

11.69

16.70

18.01

26.93

Zignago Vetro SpA 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															25.42	34.09	19.74	24.54	11.26

Zignago Vetro SpA ROCE % Calculation

Zignago Vetro 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 )
	=	151.087	/	( ( (801.475 - 241.517)	+	(809.2 - 246.978) )	/ 2 )
	=	151.087	/	( (559.958	+	562.222)	/ 2 )
	=	151.087	/	561.09
	=	26.93 %

Zignago Vetro SpA's ROCE % of for the quarter that ended in Mar. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	63.052	/	( ( (809.2 - 246.978)	+	(797.825 - 239.996) )	/ 2 )
	=	63.052	/	( ( 562.222	+	557.829 )	/ 2 )
	=	63.052	/	560.0255
	=	11.26 %

(1) Note: The EBIT data used here is four times the quarterly (Mar. 2024) EBIT data.

Zignago Vetro SpA (MIL:ZV) 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.

Zignago Vetro SpA ROCE % Related Terms

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Zignago Vetro SpA (MIL:ZV) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Packaging & Containers » Zignago Vetro SpA (MIL:ZV) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

ZVB:Germany

Address

Via Ita Marzotto 8, Fossalta di Portogruaro, Venice, ITA, 30025

Website

https://www.zignagovetro.com

Zignago Vetro SpA operates in the glass production sector. It manufactures hollow glass containers for Food and Beverages and Cosmetics and Perfumery sectors. The business of the group is carried in various geographical locations such as Italy, European Union, North America and other areas. The business activities of the group are divided into Zignago Vetro SpA: carries the production activity of containers for both sectors, Zignago Vetro Brosse SAS: looks into the production of glass containers for perfumes; Zignago Vetro Polska SA: which undertakes the production of customized products for cosmetic and perfumery containers and also for food and beverage niche markets.

Zignago Vetro SpA (MIL:ZV) Headlines

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