MAN SE (STU:MAN) ROCE % : -4.84% (As of Jun. 2021)

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What is MAN SE 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. MAN SE's annualized ROCE % for the quarter that ended in Jun. 2021 was -4.84%.

MAN SE ROCE % Historical Data

The historical data trend for MAN SE'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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MAN SE ROCE % Chart

MAN SE Annual Data

Trend

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

ROCE %

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2.25

4.34

5.89

7.50

-4.32

MAN SE Semi-Annual Data
	Dec11	Jun12	Dec12	Jun13	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21
ROCE %	Get a 7-Day Free Trial															9.56	5.41	-6.75	-2.22	-4.84

MAN SE ROCE % Calculation

MAN SE's annualized ROCE % for the fiscal year that ended in Dec. 2020 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2020 )		(A: Dec. 2019 )		(A: Dec. 2020 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2020 )		(A: Dec. 2019 )		(A: Dec. 2020 )
	=	-485	/	( ( (18846 - 7384)	+	(18090 - 7099) )	/ 2 )
	=	-485	/	( (11462	+	10991)	/ 2 )
	=	-485	/	11226.5
	=	-4.32 %

MAN SE's ROCE % of for the quarter that ended in Jun. 2021 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jun. 2021 )		(Q: Dec. 2020 )		(Q: Jun. 2021 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jun. 2021 )		(Q: Dec. 2020 )		(Q: Jun. 2021 )
	=	-532	/	( ( (18090 - 7099)	+	(19070 - 8084) )	/ 2 )
	=	-532	/	( ( 10991	+	10986 )	/ 2 )
	=	-532	/	10988.5
	=	-4.84 %

(1) Note: The EBIT data used here is two times the semi-annual (Jun. 2021) EBIT data.

MAN SE (STU:MAN) 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.

MAN SE ROCE % Related Terms

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MAN SE (STU:MAN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Farm & Heavy Construction Machinery » MAN SE (STU:MAN) » Definitions » ROCE %

Comparable Companies

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Address

Dachauer Strasse 641, Munich, DEU, 80995

Website

https://www.mantruckandbus.com

MAN is a commercial vehicle manufacturer and engineering company. The company organises itself into segments: MAN truck and bus and MAN Latin America, MAN truck and bus, which generates the majority of revenue, supplies commercial vehicles to Europe and Asian markets. MAN Latin America manufactures trucks and buses in Brazil.