Independent Capital AG (HAM:I8CK) ROCE % : 8.64% (As of Dec. 2023)

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What is Independent Capital 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. Independent Capital AG's annualized ROCE % for the quarter that ended in Dec. 2023 was 8.64%.

Independent Capital AG ROCE % Historical Data

The historical data trend for Independent Capital 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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Independent Capital AG ROCE % Chart

Independent Capital AG Annual Data

Trend

Dec10

Dec11

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-23.20

-46.84

60.44

107.41

8.64

Independent Capital AG Semi-Annual Data
	Dec10	Dec11	Dec16	Dec17	Dec18	Dec19	Dec20	Dec21	Dec22	Dec23
ROCE %	Get a 7-Day Free Trial					-23.20	-46.84	60.44	107.41	8.64

Independent Capital AG ROCE % Calculation

Independent Capital 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 )
	=	0.124	/	( ( (1.634 - 0.269)	+	(1.549 - 0.044) )	/ 2 )
	=	0.124	/	( (1.365	+	1.505)	/ 2 )
	=	0.124	/	1.435
	=	8.64 %

Independent Capital 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: Dec. 2022 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Dec. 2022 )		(Q: Dec. 2023 )
	=	0.124	/	( ( (1.634 - 0.269)	+	(1.549 - 0.044) )	/ 2 )
	=	0.124	/	( ( 1.365	+	1.505 )	/ 2 )
	=	0.124	/	1.435
	=	8.64 %

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

Independent Capital AG (HAM:I8CK) 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.

Independent Capital AG ROCE % Related Terms

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Independent Capital AG Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Independent Capital AG (HAM:I8CK) » Definitions » ROCE %

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N/A

Address

Karlstr. 52, Althengstett, DEU, 75382

Website

http://www.independent-capital.de

Independent Capital AG operates in the financial services and investments sector. It is active in Corporate Finance, and Investments sectors. It offers services such as structured corporate and growth financing, mergers & acquisitions, and company succession, management of corporate investments. It invests in mid- and small-cap companies.

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