Enviri (FRA:HA7) ROCE % : 5.06% (As of Jun. 2024)

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What is Enviri 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. Enviri's annualized ROCE % for the quarter that ended in Jun. 2024 was 5.06%.

Enviri ROCE % Historical Data

The historical data trend for Enviri'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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Enviri ROCE % Chart

Enviri Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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4.21

0.18

4.26

-2.13

3.83

Enviri Quarterly Data
	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
ROCE %	Get a 7-Day Free Trial															4.85	4.17	3.85	3.73	5.06

Enviri ROCE % Calculation

Enviri'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 )
	=	78.24	/	( ( (2634.566 - 563.833)	+	(2617.624 - 600.849) )	/ 2 )
	=	78.24	/	( (2070.733	+	2016.775)	/ 2 )
	=	78.24	/	2043.754
	=	3.83 %

Enviri's ROCE % of for the quarter that ended in Jun. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jun. 2024 )		(Q: Mar. 2024 )		(Q: Jun. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jun. 2024 )		(Q: Mar. 2024 )		(Q: Jun. 2024 )
	=	102.576	/	( ( (2567.056 - 531.56)	+	(2572.092 - 551.721) )	/ 2 )
	=	102.576	/	( ( 2035.496	+	2020.371 )	/ 2 )
	=	102.576	/	2027.9335
	=	5.06 %

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

Enviri (FRA:HA7) 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.

Enviri ROCE % Related Terms

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Enviri Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Waste Management » Enviri Corp (FRA:HA7) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

NVRI:USA HA7:Germany

Address

100-120 North 18th Street, Two Logan Square, 17th Floor, Philadelphia, PA, USA, 19103

Website

https://www.enviri.com

Enviri Corp engages in providing a broad range of environmental services and related solutions. The company's current operations consist of three divisions: Harsco Environmental, Harsco Rail, and Clean Earth The company serves a diverse customer base by offering critical recycle and reuse solutions for their waste streams, enabling customers to address their complex environmental challenges.

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