WMF AG (FRA:WMF3.PFD) ROCE % : 11.96% (As of Jun. 2014)

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What is WMF 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. WMF AG's annualized ROCE % for the quarter that ended in Jun. 2014 was 11.96%.

WMF AG ROCE % Historical Data

The historical data trend for WMF 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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WMF AG ROCE % Chart

WMF AG Annual Data

Trend

Dec07

Dec08

Dec09

Dec10

Dec11

Dec12

Dec13

ROCE %

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11.47

15.09

15.37

16.17

10.10

WMF AG Semi-Annual Data
	Dec07	Dec08	Jun09	Dec09	Jun10	Dec10	Jun11	Dec11	Jun12	Dec12	Jun13	Dec13	Jun14
ROCE %	Get a 7-Day Free Trial								13.68	19.31	8.29	12.15	11.96

WMF AG ROCE % Calculation

WMF AG's annualized ROCE % for the fiscal year that ended in Dec. 2013 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2013 )		(A: Dec. 2012 )		(A: Dec. 2013 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2013 )		(A: Dec. 2012 )		(A: Dec. 2013 )
	=	46.828	/	( ( (660.65 - 196.625)	+	(658.688 - 195.576) )	/ 2 )
	=	46.828	/	( (464.025	+	463.112)	/ 2 )
	=	46.828	/	463.5685
	=	10.10 %

WMF AG's ROCE % of for the quarter that ended in Jun. 2014 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jun. 2014 )		(Q: Dec. 2013 )		(Q: Jun. 2014 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jun. 2014 )		(Q: Dec. 2013 )		(Q: Jun. 2014 )
	=	56.044	/	( ( (658.688 - 195.576)	+	(640.611 - 166.35) )	/ 2 )
	=	56.044	/	( ( 463.112	+	474.261 )	/ 2 )
	=	56.044	/	468.6865
	=	11.96 %

(1) Note: The EBIT data used here is two times the semi-annual (Jun. 2014) EBIT data.

WMF AG (FRA:WMF3.PFD) 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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WMF AG Business Description

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Address

Website

http://www.wmf.de

WMF AG is a German manufacturer of a diverse mix of appliances. It develops a comprehensive range of appliances and accessories for use in kitchens of households and industries. These products include pots and pans, cutlery, knives, glasses, jugs and dispensers, baking moulds, mixers, coffee machines and other appliances.

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