Gurit Holding AG (CHIX:GURNZ) ROCE % : 8.17% (As of Dec. 2023)

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What is Gurit Holding 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. Gurit Holding AG's annualized ROCE % for the quarter that ended in Dec. 2023 was 8.17%.

Gurit Holding AG ROCE % Historical Data

The historical data trend for Gurit Holding 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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Gurit Holding AG ROCE % Chart

Gurit Holding AG Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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22.10

27.84

9.64

8.60

9.14

Gurit Holding AG Quarterly 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															2.20	32.64	-1.80	27.12	8.17

Gurit Holding AG ROCE % Calculation

Gurit Holding 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 )
	=	17.208	/	( ( (363.543 - 142.389)	+	(278.071 - 122.834) )	/ 2 )
	=	17.208	/	( (221.154	+	155.237)	/ 2 )
	=	17.208	/	188.1955
	=	9.14 %

Gurit Holding 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: 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 )
	=	13.872	/	( ( (326.305 - 142.093)	+	(278.071 - 122.834) )	/ 2 )
	=	13.872	/	( ( 184.212	+	155.237 )	/ 2 )
	=	13.872	/	169.7245
	=	8.17 %

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

Gurit Holding AG (CHIX:GURNz) 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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Gurit Holding AG (CHIX:GURNZ) Business Description

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GURN:Switzerland

Address

Ebnaterstrasse 79, Wattwil, CHE, CH-9630

Website

https://www.gurit.com

Gurit Holding AG and its subsidiaries is engaged in development and manufacture of composite materials, core kitting services, composite tooling equipment and pultruded structural profiles .It operates in three segments, namely Composite Materials, Kitting and Manufacturing Solutions. The company's geographical segments are Europe, Asia, the Americas, and the Rest of the world.

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