init innovation in traffic systems SE (XTER:IXX) ROCE % : 31.01% (As of Dec. 2023)

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What is init innovation in traffic systems 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. init innovation in traffic systems SE's annualized ROCE % for the quarter that ended in Dec. 2023 was 31.01%.

init innovation in traffic systems SE ROCE % Historical Data

The historical data trend for init innovation in traffic systems 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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init innovation in traffic systems SE ROCE % Chart

init innovation in traffic systems SE Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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13.93

14.31

11.60

13.09

12.07

init innovation in traffic systems SE 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															26.84	-2.01	6.11	12.47	31.01

init innovation in traffic systems SE ROCE % Calculation

init innovation in traffic systems 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 )
	=	21.376	/	( ( (245.747 - 73.564)	+	(260.478 - 78.407) )	/ 2 )
	=	21.376	/	( (172.183	+	182.071)	/ 2 )
	=	21.376	/	177.127
	=	12.07 %

init innovation in traffic systems SE's ROCE % of for the quarter that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	56.132	/	( ( (259.252 - 79.33)	+	(260.478 - 78.407) )	/ 2 )
	=	56.132	/	( ( 179.922	+	182.071 )	/ 2 )
	=	56.132	/	180.9965
	=	31.01 %

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

init innovation in traffic systems SE (XTER:IXX) 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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init innovation in traffic systems SE (XTER:IXX) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » init innovation in traffic systems SE (XTER:IXX) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

IXX:Germany IXX:Germany IXX:Germany

Address

Kaeppelestrasse 4-10, Karlsruhe, BW, DEU, D-76131

Website

https://www.initag.com

init innovation in traffic systems SE is an international system supplier of transportation telematics. The company develops and supplies integrated planning, dispatching, telematics and ticketing systems for buses and trains. The firm develops, produces, integrates, installs, and maintains software and hardware products for the planning, management, and optimization of transport companies. It offers research and development, planning and dispatching, analyzing and optimizing, ticketing and fare management, operations control and real-time passenger information, and service and maintenance solutions. Geographical presence of the company is in Germany, North America, Europe, Australia and UAE.

Executives

Dr. Gottfried Greschner	Board of Directors
Jörg Munz	Board of Directors
Dr. Jürgen Greschner	Board of Directors

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