WashTec AG (LTS:0GJK) ROCE % : 53.88% (As of Dec. 2023)

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What is WashTec 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. WashTec AG's annualized ROCE % for the quarter that ended in Dec. 2023 was 53.88%.

WashTec AG ROCE % Historical Data

The historical data trend for WashTec 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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WashTec AG ROCE % Chart

WashTec AG Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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30.32

16.23

35.55

31.43

36.36

WashTec AG 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															57.71	19.16	35.43	44.81	53.88

WashTec AG ROCE % Calculation

WashTec 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 )
	=	42.099	/	( ( (284.483 - 169.437)	+	(271.306 - 154.805) )	/ 2 )
	=	42.099	/	( (115.046	+	116.501)	/ 2 )
	=	42.099	/	115.7735
	=	36.36 %

WashTec 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: 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 )
	=	60.192	/	( ( (284.35 - 177.408)	+	(271.306 - 154.805) )	/ 2 )
	=	60.192	/	( ( 106.942	+	116.501 )	/ 2 )
	=	60.192	/	111.7215
	=	53.88 %

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

WashTec AG (LTS:0GJK) 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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WashTec AG (LTS:0GJK) Business Description

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WSU:Germany

Address

Argonstrasse 7, Augsburg, DEU, 86153

Website

https://www.washtec.de

WashTec AG is a German holding company, which through its subsidiary provides industrial products. The core activity is that of developing car wash products and equipment and is performed by WashTec Cleaning Technology GmbH, which is one of its subsidiaries. The key products of WashTec are manufactured which include portal washing systems, water recovery, washing lines, and consumables such as washing chemicals, wash brushes, moreover spare parts.

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