Centrotherm international AG (HAM:CTNK) ROCE % : 31.99% (As of Dec. 2023)

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What is Centrotherm international 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. Centrotherm international AG's annualized ROCE % for the quarter that ended in Dec. 2023 was 31.99%.

Centrotherm international AG ROCE % Historical Data

The historical data trend for Centrotherm international 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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Centrotherm international AG ROCE % Chart

Centrotherm international AG Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-18.73

-19.20

21.38

16.60

17.71

Centrotherm international 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															44.81	35.56	-0.52	5.33	31.99

Centrotherm international AG ROCE % Calculation

Centrotherm international 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 )
	=	16.47	/	( ( (253.413 - 169.49)	+	(316.268 - 214.195) )	/ 2 )
	=	16.47	/	( (83.923	+	102.073)	/ 2 )
	=	16.47	/	92.998
	=	17.71 %

Centrotherm international 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 )
	=	28.652	/	( ( (290.501 - 213.44)	+	(316.268 - 214.195) )	/ 2 )
	=	28.652	/	( ( 77.061	+	102.073 )	/ 2 )
	=	28.652	/	89.567
	=	31.99 %

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

Centrotherm international AG (HAM:CTNK) 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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Centrotherm international AG (HAM:CTNK) Business Description

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GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Centrotherm international AG (HAM:CTNK) » Definitions » ROCE %

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CTNK:Germany

Address

Wurttemberger Strasse 31, Blaubeuren, DEU, 89143

Website

http://www.centrotherm.de

Centrotherm international AG provides manufacturing solutions for the photovoltaic, semiconductor and microelectronics industry. The company operates in three segments: Silicon and Wafer, Solar Cell and Module (including Semiconductors and Microelectronics) and Thin Film Module. Silicon and Wafer segment offers planning, technology and engineering services for the design and process optimization of polysilicon, ingot and wafer manufacturing. Solar Cell and Module segment is engaged in the development and sales of production lines for the manufacture of crystalline solar cells, including engineering and technological process services. The Thin Film Module, the company provides development and sales of production lines for CIGS (Copper Indium Gallium Diselenide) thin film modules.

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