EVKIF (Evonik Industries AG) ROCE % : 8.51% (As of Sep. 2024)

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What is Evonik Industries 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. Evonik Industries AG's annualized ROCE % for the quarter that ended in Sep. 2024 was 8.51%.

Evonik Industries AG ROCE % Historical Data

The historical data trend for Evonik Industries 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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Evonik Industries AG ROCE % Chart

Evonik Industries AG Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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6.56

4.91

6.45

5.55

-0.64

Evonik Industries AG 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															-1.36	1.88	6.71	2.95	8.51

Evonik Industries AG ROCE % Calculation

Evonik Industries 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 )
	=	-116.685	/	( ( (23103.814 - 3863.347)	+	(21744.82 - 4414.395) )	/ 2 )
	=	-116.685	/	( (19240.467	+	17330.425)	/ 2 )
	=	-116.685	/	18285.446
	=	-0.64 %

Evonik Industries 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 )
	=	1451.72	/	( ( (21750.269 - 4833.154)	+	(21711.432 - 4524.972) )	/ 2 )
	=	1451.72	/	( ( 16917.115	+	17186.46 )	/ 2 )
	=	1451.72	/	17051.7875
	=	8.51 %

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

Evonik Industries AG (OTCPK:EVKIF) 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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Evonik Industries AG Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Evonik Industries AG (OTCPK:EVKIF) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

EVKIY:USA 1EVK:Italy EVKd:UK 0QDS:UK EVK:Germany EVK:Austria

Address

Rellinghauser Strasse 1-11, Essen, NW, DEU, 45128

Website

https://www.evonik.com

Evonik Industries AG is a German chemical company offering a mix of speciality and commodity chemical products. It has a number-one to -three market position in 80% of its businesses. Around 45% of sales are generated in Europe, while the key markets of North America and Asia account for 25% and 20% of sales, respectively. The company is organized into four segments: specialty additives, smart materials, nutrition and care, and performance materials.