Rheinmetall AG (Rheinmetall AG) ROCE % : 7.15% (As of Mar. 2024)

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What is Rheinmetall AG 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. Rheinmetall AG's annualized ROCE % for the quarter that ended in Mar. 2024 was 7.15%.

Rheinmetall AG ROCE % Historical Data

The historical data trend for Rheinmetall AG'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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Rheinmetall AG ROCE % Chart

Rheinmetall AG Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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11.77

9.45

13.46

16.45

17.55

Rheinmetall AG 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															7.51	8.73	12.30	36.14	7.15

Rheinmetall AG ROCE % Calculation

Rheinmetall AG'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 )
	=	1009.815	/	( ( (8576.271 - 3882.415)	+	(12766.63 - 5953.108) )	/ 2 )
	=	1009.815	/	( (4693.856	+	6813.522)	/ 2 )
	=	1009.815	/	5753.689
	=	17.55 %

Rheinmetall AG'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 )
	=	486.956	/	( ( (12766.63 - 5953.108)	+	(12596.739 - 5781.522) )	/ 2 )
	=	486.956	/	( ( 6813.522	+	6815.217 )	/ 2 )
	=	486.956	/	6814.3695
	=	7.15 %

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

Rheinmetall AG (OTCPK:RNMBY) 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.

Rheinmetall AG ROCE % Related Terms

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Rheinmetall AG (Rheinmetall AG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Aerospace & Defense » Rheinmetall AG (OTCPK:RNMBY) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

RNMBF:USA 1RHM:Italy RHMd:UK 0NI1:UK RHM:Germany RHM:Austria

Address

Rheinmetall Platz 1, Dusseldorf, NW, DEU, 40476

Website

https://www.rheinmetall.com

Rheinmetall is an international group active in various markets with leading technological products and services. The sales focus is on the security technology and mobility segments. Since February 2021, the group structure has been made up of five divisions—vehicle systems, weapon and ammunition, electronic solutions, sensors and actuators, and materials and trade. The vehicle systems, weapon and ammunition, and electronic solutions divisions are among the defense and security industry's leading suppliers of innovative products to German and international defense forces. The sensors and actuators and materials and trade divisions' core area of expertise is the reduction of emissions, pollutants, and fuel consumption.