Horizon Global (FRA:2H6) ROCE % : -22.14% (As of Sep. 2022)

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What is Horizon Global 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. Horizon Global's annualized ROCE % for the quarter that ended in Sep. 2022 was -22.14%.

Horizon Global ROCE % Historical Data

The historical data trend for Horizon Global'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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Horizon Global ROCE % Chart

Horizon Global Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

ROCE %

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5.96

-53.99

-21.18

-2.56

-2.01

Horizon Global Quarterly Data
	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22
ROCE %	Get a 7-Day Free Trial															6.53	-17.61	-26.96	-16.83	-22.14

Horizon Global ROCE % Calculation

Horizon Global's annualized ROCE % for the fiscal year that ended in Dec. 2021 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2021 )		(A: Dec. 2020 )		(A: Dec. 2021 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2021 )		(A: Dec. 2020 )		(A: Dec. 2021 )
	=	-4.699	/	( ( (375.235 - 152.004)	+	(388.444 - 143.237) )	/ 2 )
	=	-4.699	/	( (223.231	+	245.207)	/ 2 )
	=	-4.699	/	234.219
	=	-2.01 %

Horizon Global's ROCE % of for the quarter that ended in Sep. 2022 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2022 )		(Q: Jun. 2022 )		(Q: Sep. 2022 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2022 )		(Q: Jun. 2022 )		(Q: Sep. 2022 )
	=	-58.096	/	( ( (524.85 - 178.321)	+	(414.151 - 235.774) )	/ 2 )
	=	-58.096	/	( ( 346.529	+	178.377 )	/ 2 )
	=	-58.096	/	262.453
	=	-22.14 %

(1) Note: The EBIT data used here is four times the quarterly (Sep. 2022) EBIT data.

Horizon Global (FRA:2H6) 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.

Horizon Global ROCE % Related Terms

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Horizon Global (FRA:2H6) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Horizon Global Corp (FRA:2H6) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

47912 Halyard Drive, Suite 100, Plymouth, MI, USA, 48170

Website

http://www.horizonglobal.com

Horizon Global Corp designs, manufactures and distributes towing, trailering, cargo management and related products for original equipment to aftermarket, automotive, and retail markets. It holds various brands including draw tite, hayman reese, reese, aqua clear, bulldog, fulton, harper, hidden hitch, highland, laitner, park side, pro series, reese towpower, rola, tekonsha, tow ready, trimotive americas and wesberg. The company's geographical segment includes Horizon Americas and Horizon Europe-Africa.

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