Wacker Neuson SE (WBO:WAC) ROCE % : 1.55% (As of Dec. 2023)

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What is Wacker Neuson 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. Wacker Neuson SE's annualized ROCE % for the quarter that ended in Dec. 2023 was 1.55%.

Wacker Neuson SE ROCE % Historical Data

The historical data trend for Wacker Neuson 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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Wacker Neuson SE ROCE % Chart

Wacker Neuson SE Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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9.20

3.70

11.11

11.64

15.35

Wacker Neuson SE 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															5.52	22.44	21.86	15.89	1.55

Wacker Neuson SE ROCE % Calculation

Wacker Neuson SE'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 )
	=	272.8	/	( ( (2323.9 - 587.5)	+	(2644.9 - 826.2) )	/ 2 )
	=	272.8	/	( (1736.4	+	1818.7)	/ 2 )
	=	272.8	/	1777.55
	=	15.35 %

Wacker Neuson SE'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 )
	=	28	/	( ( (2658.8 - 866.7)	+	(2644.9 - 826.2) )	/ 2 )
	=	28	/	( ( 1792.1	+	1818.7 )	/ 2 )
	=	28	/	1805.4
	=	1.55 %

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

Wacker Neuson SE (WBO:WAC) 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.

Wacker Neuson SE ROCE % Related Terms

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Wacker Neuson SE (WBO:WAC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Farm & Heavy Construction Machinery » Wacker Neuson SE (WBO:WAC) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

0K11:UK WAC:Germany

Address

Preussenstrasse 41, Munich, DEU, 80809

Website

https://www.wackerneusongroup.com

Wacker Neuson SE manufactures light and heavy equipment for construction, landscaping, agriculture, recycling, energy, and rail industries. Excavators, dumpers, loaders, concrete technology, generators, and saws make up just a portion of the company's product portfolio. Besides, the company offers attachments and accessories for products to help deliver optimal solutions. Wacker Neuson has three business segments: Compact Equipment (approximately half of the total revenue), Light Equipment, and Services. The company offers a range of services, spare parts, and rental equipment through sales and service stations strategically placed around the world. Europe generates the majority of total revenue, but the company also sells to customers in the Americas and Asia-Pacific.

Wacker Neuson SE (WBO:WAC) Headlines

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