PWO AG (LTS:0NHL) ROCE % : 14.61% (As of Sep. 2023)

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What is PWO 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. PWO AG's annualized ROCE % for the quarter that ended in Sep. 2023 was 14.61%.

PWO AG ROCE % Historical Data

The historical data trend for PWO 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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PWO AG ROCE % Chart

PWO AG Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

ROCE %

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7.02

7.48

-3.65

8.80

10.86

PWO AG Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
ROCE %	Get a 7-Day Free Trial															9.64	7.23	9.44	12.46	14.61

PWO AG ROCE % Calculation

PWO 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 )
	=	27.433	/	( ( (373.272 - 112.695)	+	(400.281 - 155.826) )	/ 2 )
	=	27.433	/	( (260.577	+	244.455)	/ 2 )
	=	27.433	/	252.516
	=	10.86 %

PWO AG's ROCE % of for the quarter that ended in Sep. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2023 )		(Q: Jun. 2023 )		(Q: Sep. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2023 )		(Q: Jun. 2023 )		(Q: Sep. 2023 )
	=	37.368	/	( ( (408.113 - 160.102)	+	(424.966 - 161.608) )	/ 2 )
	=	37.368	/	( ( 248.011	+	263.358 )	/ 2 )
	=	37.368	/	255.6845
	=	14.61 %

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

PWO AG (LTS:0NHL) 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.

PWO AG ROCE % Related Terms

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PWO AG (LTS:0NHL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » PWO AG (LTS:0NHL) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

PWO:Germany

Address

Industriestrasse 8, Oberkirch, DEU, 77704

Website

https://www.pwo-group.com

PWO AG is a supplier to the automotive industry. It develops and manufactures advanced metal components and systems in lightweight construction for automobile safety and comfort. The company produces mechanical components for electrical and electronic applications, including electric motor housings, components for electric drives, housings for electronic control units, and various other circular components. Geographically, it derives a majority of its revenue from Germany and also has a presence in the Rest of Europe; North America, and Othe countries.

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