DTGHF (Daimler Truck Holding AG) ROCE % : 8.23% (As of Sep. 2024)

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What is Daimler Truck 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. Daimler Truck Holding AG's annualized ROCE % for the quarter that ended in Sep. 2024 was 8.23%.

Daimler Truck Holding AG ROCE % Historical Data

The historical data trend for Daimler Truck 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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Daimler Truck Holding AG ROCE % Chart

Daimler Truck Holding AG Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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9.50

2.06

10.05

8.91

12.64

Daimler Truck Holding AG Quarterly Data
	Dec18	Dec19	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
ROCE %	Get a 7-Day Free Trial														10.95	14.04	10.12	9.48	8.23

Daimler Truck Holding AG ROCE % Calculation

Daimler Truck 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 )
	=	6211.559	/	( ( (67763.771 - 22221.398)	+	(77657.579 - 24882.225) )	/ 2 )
	=	6211.559	/	( (45542.373	+	52775.354)	/ 2 )
	=	6211.559	/	49158.8635
	=	12.64 %

Daimler Truck Holding 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 )
	=	4408.436	/	( ( (79324.004 - 26293.864)	+	(81365.15 - 27230.855) )	/ 2 )
	=	4408.436	/	( ( 53030.14	+	54134.295 )	/ 2 )
	=	4408.436	/	53582.2175
	=	8.23 %

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

Daimler Truck Holding AG (OTCPK:DTGHF) 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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Daimler Truck Holding AG Business Description

Industry

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Traded in Other Exchanges

DTRUY:USA DTG:Romania 1DTRH:Italy DTGd:UK DTG:Germany DTG:Bulgaria DTG:Austria

Address

Fasanenweg 10, Leinfelden-Echterdingen, BW, DEU, 70771

Website

https://www.daimlertruck.com

Daimler Truck Holding AG is a commercial vehicle manufacturer. It operates through various brands including Bharat Benz, Freightliner, Fuso, Mercedes-Benz, Setra, Thomas Built Buses, and Western Star. Its products include Trucks, Buses, and Financial Services. The Group has five reportable segments: Trucks North America, Mercedes-Benz, Trucks Asia, Daimler Buses, and Financial Services. It generates maximum revenue from the Trucks North America segment. The Trucks North America segment develops, manufactures and sells trucks under the Freightliner and Western Star brands in North America. The segment's product range also includes buses of Thomas Built Buses as well as bus chassis.