Suedwestdeutschelzwerke AG (FRA:SSH) ROCE % : 17.38% (As of Dec. 2023)

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What is Suedwestdeutschelzwerke 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. Suedwestdeutschelzwerke AG's annualized ROCE % for the quarter that ended in Dec. 2023 was 17.38%.

Suedwestdeutschelzwerke AG ROCE % Historical Data

The historical data trend for Suedwestdeutschelzwerke 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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Suedwestdeutschelzwerke AG ROCE % Chart

Suedwestdeutschelzwerke AG Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-1.47

4.50

18.19

7.53

12.51

Suedwestdeutschelzwerke 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															17.30	14.78	0.19	7.76	17.38

Suedwestdeutschelzwerke AG ROCE % Calculation

Suedwestdeutschelzwerke 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 )
	=	47.638	/	( ( (388.501 - 40.865)	+	(464.241 - 50.437) )	/ 2 )
	=	47.638	/	( (347.636	+	413.804)	/ 2 )
	=	47.638	/	380.72
	=	12.51 %

Suedwestdeutschelzwerke 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 )
	=	67.654	/	( ( (408.633 - 43.968)	+	(464.241 - 50.437) )	/ 2 )
	=	67.654	/	( ( 364.665	+	413.804 )	/ 2 )
	=	67.654	/	389.2345
	=	17.38 %

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

Suedwestdeutschelzwerke AG (FRA:SSH) 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.

Suedwestdeutschelzwerke AG ROCE % Related Terms

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Suedwestdeutschelzwerke AG (FRA:SSH) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Suedwestdeutsche Salzwerke AG (FRA:SSH) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

SSH:Germany

Address

Salzwerke Ord, Salzgrund 67, Heilbronn, DEU, 74076

Website

http://www.salzwerke.de

Suedwestdeutsche Salzwerke AG is engaged in mining, producing,refining and selling of salt. Its product offerings include sea salt, dining/ curing salt, feed salt, pharmaceutical salts, industrial salts, water softening salts, road salts and brine salts. It also offers waste disposal & recycling services as well as metal plating & protection.

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