MTU Aero Engines AG (FRA:MTX) ROCE % : -19.79% (As of Dec. 2023)

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What is MTU Aero Engines 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. MTU Aero Engines AG's annualized ROCE % for the quarter that ended in Dec. 2023 was -19.79%.

MTU Aero Engines AG ROCE % Historical Data

The historical data trend for MTU Aero Engines 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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MTU Aero Engines AG ROCE % Chart

MTU Aero Engines AG Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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16.72

4.93

7.03

9.55

-2.56

MTU Aero Engines AG Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
ROCE %	Get a 7-Day Free Trial															7.63	7.25	12.14	14.35	-19.79

MTU Aero Engines AG ROCE % Calculation

MTU Aero Engines 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 )
	=	-136	/	( ( (9230 - 3778)	+	(10204 - 5013) )	/ 2 )
	=	-136	/	( (5452	+	5191)	/ 2 )
	=	-136	/	5321.5
	=	-2.56 %

MTU Aero Engines AG's ROCE % of for the quarter that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2023 )		(Q: Jun. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Jun. 2023 )		(Q: Dec. 2023 )
	=	-1058	/	( ( (9280 - 3778)	+	(10204 - 5013) )	/ 2 )
	=	-1058	/	( ( 5502	+	5191 )	/ 2 )
	=	-1058	/	5346.5
	=	-19.79 %

(1) Note: The EBIT data used here is two times the semi-annual (Dec. 2023) EBIT data.

MTU Aero Engines AG (FRA:MTX) 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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MTU Aero Engines AG (FRA:MTX) Business Description

Industry

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Comparable Companies

Traded in Other Exchanges

MTUAY:USA MTUAF:USA 1MTX:Italy MTXd:UK 0FC9:UK MTX:Germany MTX:Austria

Address

Dachauer Strasse 665, Munich, BY, DEU, 80995

Website

https://www.mtu.de

MTU Aero Engines specializes in the development and production of commercial and military aircraft engine components and spare parts. It also performs maintenance, repair, and overhaul services for aircraft engines. More than 30% of commercial aircraft have MTU technology on board. MTU is also a major assembler of aircraft engines. The commercial and military engine segment develops and manufactures engine components for new engine production and spare parts for the aftermarket. The commercial maintenance business reports MTU's MRO services.