Stellantis NV (Stellantis NV) ROCE % : 15.05% (As of Dec. 2023)

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What is Stellantis NV 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. Stellantis NV's annualized ROCE % for the quarter that ended in Dec. 2023 was 15.05%.

Stellantis NV ROCE % Historical Data

The historical data trend for Stellantis NV'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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Stellantis NV ROCE % Chart

Stellantis NV Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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5.78

6.09

20.64

17.73

19.46

Stellantis NV 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															16.00	18.18	17.63	23.63	15.05

Stellantis NV ROCE % Calculation

Stellantis NV'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 )
	=	25897.492	/	( ( (197199.153 - 70789.195)	+	(220423.119 - 80632.497) )	/ 2 )
	=	25897.492	/	( (126409.958	+	139790.622)	/ 2 )
	=	25897.492	/	133100.29
	=	19.46 %

Stellantis NV'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 )
	=	20684.842	/	( ( (215138.678 - 79985.915)	+	(220423.119 - 80632.497) )	/ 2 )
	=	20684.842	/	( ( 135152.763	+	139790.622 )	/ 2 )
	=	20684.842	/	137471.6925
	=	15.05 %

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

Stellantis NV (NYSE:STLA) 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.

Stellantis NV ROCE % Related Terms

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Stellantis NV (Stellantis NV) Business Description

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GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Stellantis NV (NYSE:STLA) » Definitions » ROCE %

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STLAM:Italy STLAMm:UK 0QXR:UK STLAP:France 8TI:Germany 8TI:Germany 8TI:Germany 8TI:Germany FCAU:Austria

Address

Taurusavenue 1, Hoofddorp, NH, NLD, 2132 LS

Website

https://www.stellantis.com

Stellantis NV was formed on Jan. 16, 2021, from the merger of Fiat Chrysler Automobiles and PSA Group. The combination of the two companies created the world's fifth-largest automaker, with 14 automobile brands. In 2022, pro forma Stellantis had sales volume of 6.0 million vehicles and EUR 179.6 billion in revenue, albeit affected by the microchip shortage. Europe is Stellantis' largest market, accounting for 44% of 2022 global volume while North America and South America were 31% and 14%, respectively.