RENK Group AG (CHIX:R3NKD) ROCE % : 8.70% (As of Sep. 2024)

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What is RENK Group 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. RENK Group AG's annualized ROCE % for the quarter that ended in Sep. 2024 was 8.70%.

RENK Group AG ROCE % Historical Data

The historical data trend for RENK Group 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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RENK Group AG ROCE % Chart

RENK Group AG Annual Data

Trend

Dec20

Dec21

Dec22

ROCE %

-0.30

3.79

6.59

RENK Group AG Quarterly Data
	Dec20	Dec21	Jun22	Dec22	Mar23	Jun23	Sep23	Mar24	Jun24	Sep24
ROCE %	Get a 7-Day Free Trial					8.85	9.50	4.72	8.64	8.70

RENK Group AG ROCE % Calculation

RENK Group AG's annualized ROCE % for the fiscal year that ended in Dec. 2022 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2022 )		(A: Dec. 2021 )		(A: Dec. 2022 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2022 )		(A: Dec. 2021 )		(A: Dec. 2022 )
	=	71.88	/	( ( (1351.76 - 288.255)	+	(1441.271 - 323.01) )	/ 2 )
	=	71.88	/	( (1063.505	+	1118.261)	/ 2 )
	=	71.88	/	1090.883
	=	6.59 %

RENK Group AG'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 )
	=	92.668	/	( ( (1500.232 - 435.832)	+	(1481.737 - 416.774) )	/ 2 )
	=	92.668	/	( ( 1064.4	+	1064.963 )	/ 2 )
	=	92.668	/	1064.6815
	=	8.70 %

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

RENK Group AG (CHIX:R3NKd) 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.

RENK Group AG ROCE % Related Terms

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RENK Group AG Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Aerospace & Defense » RENK Group AG (CHIX:R3NKd) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

R3NK:Germany RENK:Austria

Address

Gogginger street 73, Augsburg, BY, DEU, 86159

Website

https://www.renk.com

RENK Group AG provides vehicle mobility solutions. Its propulsion and drivetrain technology ensures the reliable deployment of forces to set vehicles, vessels, and machinery in motion. The company's business is divided into the following segments; Vehicle Mobility Solutions, Marine and Industry, and Slide Bearings. The Vehicle Mobility Solutions segment which generates maximum revenue, provides technology for the deployment of forces to set vehicles, vessels, and machinery in motion, and also offers products like engines, suspensions, electric drives, and power packs for military vehicles and test systems. Geographically, the company generates maximum revenue from America and the rest from Germany, Asia, Africa, other European countries, Australia and Oceania.

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