JOST Werke SE (CHIX:JSTD) ROCE % : 10.71% (As of Sep. 2024)

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What is JOST Werke 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. JOST Werke SE's annualized ROCE % for the quarter that ended in Sep. 2024 was 10.71%.

JOST Werke SE ROCE % Historical Data

The historical data trend for JOST Werke 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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JOST Werke SE ROCE % Chart

JOST Werke SE Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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8.86

4.42

8.08

12.58

14.16

JOST Werke SE Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
ROCE %	Get a 7-Day Free Trial															12.54	6.47	16.60	15.88	10.71

JOST Werke SE ROCE % Calculation

JOST Werke 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 )
	=	96.286	/	( ( (1004.58 - 302.728)	+	(1005.165 - 347.221) )	/ 2 )
	=	96.286	/	( (701.852	+	657.944)	/ 2 )
	=	96.286	/	679.898
	=	14.16 %

JOST Werke SE's ROCE % of for the quarter that ended in Sep. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2024 )		(Q: Jun. 2024 )		(Q: Sep. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2024 )		(Q: Jun. 2024 )		(Q: Sep. 2024 )
	=	74.096	/	( ( (1009.344 - 370.391)	+	(985.3 - 240.317) )	/ 2 )
	=	74.096	/	( ( 638.953	+	744.983 )	/ 2 )
	=	74.096	/	691.968
	=	10.71 %

(1) Note: The EBIT data used here is four times the quarterly (Sep. 2024) EBIT data.

JOST Werke SE (CHIX:JSTd) 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.

JOST Werke SE ROCE % Related Terms

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JOST Werke SE Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » JOST Werke SE (CHIX:JSTd) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

0RTR:UK JST:Germany

Address

Siemensstrase 2, Neu-Isenburg, HE, DEU, 63263

Website

https://www.jost-world.com

JOST Werke SE is a producer and supplier of safety-critical systems to the truck and trailer industry. The company's business segments are Asia, the Pacific and Africa, Europe, and North America. Its products are used in two business lines; Transport includes products and systems for trucks and trailers that provide the interface connecting the truck to the trailer, and it even sells wheel couplings, landing gears, king pins, and ball bearing turntables, and Agriculture includes products like agricultural front loaders for tractors, various implements for front loaders, and subframes, and it even sells towing hitches, drawbars, towing eyes and ladders under the brand name Rockinger. The company generates majority of its sales revenue from the Europe.

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