Sixt SE (FRA:SIX3) ROCE % : 0.50% (As of Mar. 2024)

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What is Sixt SE 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. Sixt SE's annualized ROCE % for the quarter that ended in Mar. 2024 was 0.50%.

Sixt SE ROCE % Historical Data

The historical data trend for Sixt SE'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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Sixt SE ROCE % Chart

Sixt SE Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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8.41

-1.16

14.30

16.71

14.61

Sixt SE 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															5.27	15.71	27.10	8.58	0.50

Sixt SE ROCE % Calculation

Sixt SE'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 )
	=	576.485	/	( ( (5551.285 - 1868.594)	+	(6449.629 - 2238.001) )	/ 2 )
	=	576.485	/	( (3682.691	+	4211.628)	/ 2 )
	=	576.485	/	3947.1595
	=	14.61 %

Sixt SE'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 )
	=	22.128	/	( ( (6449.629 - 2238.001)	+	(6878.784 - 2296.816) )	/ 2 )
	=	22.128	/	( ( 4211.628	+	4581.968 )	/ 2 )
	=	22.128	/	4396.798
	=	0.50 %

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

Sixt SE (FRA:SIX3) 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.

Sixt SE ROCE % Related Terms

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Sixt SE (FRA:SIX3) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Sixt SE (FRA:SIX3) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

SIXGF:USA 1SIX:Italy SIX2d:UK 0NW8:UK 0NW7:UK SIX2:Germany

Address

Zugspitzstrasse 1, Pullach, BY, DEU, 82049

Website

https://www.sixt.com

Sixt SE provides automotive rental services mainly across Europe and the US. The company offers rental solutions from passenger vehicles, including sports utilities vehicles, electric vehicles, and luxury sports cars to vans and trucks. With its products SIXT rent, SIXT share, SIXT ride, and others, the company offers mobility services in the areas of car rental, car sharing, ride services, and car subscriptions. These products can be booked via a single app that also integrates the services of mobility partners.

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