Homag Group AG (FRA:HG1) ROCE % : 41.39% (As of Dec. 2023)

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What is Homag Group 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. Homag Group AG's annualized ROCE % for the quarter that ended in Dec. 2023 was 41.39%.

Homag Group AG ROCE % Historical Data

The historical data trend for Homag Group 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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Homag Group AG ROCE % Chart

Homag Group AG Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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8.90

11.24

75.66

83.25

39.31

Homag Group AG Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
ROCE %	Get a 7-Day Free Trial															133.90	47.03	101.43	32.55	41.39

Homag Group AG ROCE % Calculation

Homag Group 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 )
	=	43.638	/	( ( (385.531 - 274.446)	+	(385.34 - 274.405) )	/ 2 )
	=	43.638	/	( (111.085	+	110.935)	/ 2 )
	=	43.638	/	111.01
	=	39.31 %

Homag Group AG'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: Jun. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Jun. 2023 )		(Q: Dec. 2023 )
	=	48.842	/	( ( (336.742 - 211.66)	+	(385.34 - 274.405) )	/ 2 )
	=	48.842	/	( ( 125.082	+	110.935 )	/ 2 )
	=	48.842	/	118.0085
	=	41.39 %

(1) Note: The EBIT data used here is two times the semi-annual (Dec. 2023) EBIT data.

Homag Group AG (FRA:HG1) 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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Homag Group AG (FRA:HG1) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Homag Group AG (FRA:HG1) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

HG1:Germany HG1:Germany

Address

Homagstrasse 3-5, Schopfloch, DEU, 72296

Website

http://www.homag-group.com

Homag Group AG is a German-based company that manufactures machines and equipment for the woodworking industry. The company operates its business in four segments namely Industry segment, Cabinet shops, Sales & Service segment, and others. Maximum revenue comes from an industry segment which includes solutions for industrial companies based on plants, machines, information, control technology, and woodworking processes. The company carries its operations in the European region including Central, Western and Eastern Europe, American region including North and South America, Asia Pacific and Central Europe. The majority of the company's revenue comes from Central Europe.

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