Simona AG (FRA:SIM0) ROCE % : 9.07% (As of Jun. 2024)

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What is Simona 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. Simona AG's annualized ROCE % for the quarter that ended in Jun. 2024 was 9.07%.

Simona AG ROCE % Historical Data

The historical data trend for Simona 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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Simona AG ROCE % Chart

Simona AG Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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8.24

8.15

12.15

11.92

9.78

Simona AG Semi-Annual Data
	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
ROCE %	Get a 7-Day Free Trial															15.54	8.98	10.74	9.05	9.07

Simona AG ROCE % Calculation

Simona 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 )
	=	50.548	/	( ( (621.093 - 103.598)	+	(611.171 - 95.365) )	/ 2 )
	=	50.548	/	( (517.495	+	515.806)	/ 2 )
	=	50.548	/	516.6505
	=	9.78 %

Simona AG'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: Dec. 2023 )		(Q: Jun. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jun. 2024 )		(Q: Dec. 2023 )		(Q: Jun. 2024 )
	=	47.118	/	( ( (611.171 - 95.365)	+	(638.768 - 115.227) )	/ 2 )
	=	47.118	/	( ( 515.806	+	523.541 )	/ 2 )
	=	47.118	/	519.6735
	=	9.07 %

(1) Note: The EBIT data used here is two times the semi-annual (Jun. 2024) EBIT data.

Simona AG (FRA:SIM0) 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.

Simona AG ROCE % Related Terms

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Simona AG Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Simona AG (FRA:SIM0) » Definitions » ROCE %

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SIM:Germany

Address

Teichweg 16, Kirn, RP, DEU, 55606

Website

https://www.simona.de

Simona AG is Germany based company that is engaged in developing, manufacturing and marketing semi-finished thermoplastics, pipes, and fittings as well as finished parts and profiles. The company's products include sheets, twin wall sheets, rods, profiles, welding rods, pipes, fittings, flanges, valves, solid rods, hollow rods, U-profiles and square pipes and finished parts and profiles. The company organizes its business into geographic segments namely EMEA, the Americas, and Asia-Pacific. All three segments generate their revenues through the sale of Semi-finished and finished parts and Pipes and fittings.

Executives

Matthias Schoenberg

Board of Directors

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