Draegerwerk AG KGaA (FRA:DRW3) ROCE % : 18.29% (As of Dec. 2023)

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What is Draegerwerk AG KGaA 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. Draegerwerk AG KGaA's annualized ROCE % for the quarter that ended in Dec. 2023 was 18.29%.

Draegerwerk AG KGaA ROCE % Historical Data

The historical data trend for Draegerwerk AG KGaA'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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Draegerwerk AG KGaA ROCE % Chart

Draegerwerk AG KGaA Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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4.00

20.11

12.58

-3.86

8.71

Draegerwerk AG KGaA 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															13.58	6.26	3.78	5.96	18.29

Draegerwerk AG KGaA ROCE % Calculation

Draegerwerk AG KGaA'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 )
	=	172.417	/	( ( (3106.576 - 1218.52)	+	(3094.549 - 1024.104) )	/ 2 )
	=	172.417	/	( (1888.056	+	2070.445)	/ 2 )
	=	172.417	/	1979.2505
	=	8.71 %

Draegerwerk AG KGaA'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 )
	=	373.788	/	( ( (3001.571 - 985.322)	+	(3094.549 - 1024.104) )	/ 2 )
	=	373.788	/	( ( 2016.249	+	2070.445 )	/ 2 )
	=	373.788	/	2043.347
	=	18.29 %

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

Draegerwerk AG KGaA (FRA:DRW3) 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.

Draegerwerk AG KGaA ROCE % Related Terms

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Draegerwerk AG KGaA (FRA:DRW3) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Draegerwerk AG & Co KGaA (FRA:DRW3) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

DGWPF:USA 0K5E:UK DRW3:Germany DRW3:Austria

Address

Moislinger Allee 53–55, Lubeck, DEU, 23542

Website

https://www.draeger.com

Draegerwerk AG & Co KGaA develops medical and safety equipment for clinical and industrial applications. The firm operates in two divisions: medical and safety. The medical division contributes the majority of revenue. The company develops and produce system solutions, equipment, and services for the acute point of care. The five business units are Therapy (anesthesia devices and ventilators, as well as thermoregulation equipment), Hospital Consumables & Accessories (consumables and accessories), Workplace Infrastructure (supply units, lights, gas management systems), Monitoring (patient monitoring), and Data Business (software applications, system products, and new services). Draegerwerk's geographical segments are Europe; Americas; and Africa, Asia, and Australia.

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