elexxion AG (XTER:E8X) ROCE % : -61.26% (As of Dec. 2022)

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What is elexxion 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. elexxion AG's annualized ROCE % for the quarter that ended in Dec. 2022 was -61.26%.

elexxion AG ROCE % Historical Data

The historical data trend for elexxion 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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elexxion AG ROCE % Chart

elexxion AG Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

ROCE %

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-36.64

-37.70

-19.27

-7.10

-22.15

elexxion AG Semi-Annual Data
	Jun13	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22
ROCE %	Get a 7-Day Free Trial															-17.83	-5.83	-8.43	-21.20	-61.26

elexxion AG ROCE % Calculation

elexxion AG's annualized ROCE % for the fiscal year that ended in Dec. 2022 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2022 )		(A: Dec. 2021 )		(A: Dec. 2022 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2022 )		(A: Dec. 2021 )		(A: Dec. 2022 )
	=	-0.866	/	( ( (3.787 - 0.177)	+	(4.567 - 0.357) )	/ 2 )
	=	-0.866	/	( (3.61	+	4.21)	/ 2 )
	=	-0.866	/	3.91
	=	-22.15 %

elexxion AG's ROCE % of for the quarter that ended in Dec. 2022 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2022 )		(Q: Jun. 2022 )		(Q: Dec. 2022 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2022 )		(Q: Jun. 2022 )		(Q: Dec. 2022 )
	=	-1.334	/	( ( (4.017 - 3.872)	+	(4.567 - 0.357) )	/ 2 )
	=	-1.334	/	( ( 0.145	+	4.21 )	/ 2 )
	=	-1.334	/	2.1775
	=	-61.26 %

(1) Note: The EBIT data used here is two times the semi-annual (Dec. 2022) EBIT data.

elexxion AG (XTER:E8X) 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.

elexxion AG ROCE % Related Terms

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elexxion AG (XTER:E8X) Business Description

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GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » elexxion AG (XTER:E8X) » Definitions » ROCE %

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E8X:Germany

Address

Otto-Hahn-Strasse 7, Singen, DEU, 78224

Website

http://www.elexxion.de

elexxion AG is involved in the development of dental equipment in Germany. The company develops laser technology and advanced dental lasers for dental practitioners. Its products include elexxion pico, elexxion nano, perio green, elexxion pico lite perio green, and others.

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