Manitou BF (LTS:0NDA) ROCE % : 14.59% (As of Dec. 2023)

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What is Manitou BF 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. Manitou BF's annualized ROCE % for the quarter that ended in Dec. 2023 was 14.59%.

Manitou BF ROCE % Historical Data

The historical data trend for Manitou BF'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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Manitou BF ROCE % Chart

Manitou BF Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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19.02

8.33

13.38

8.98

19.82

Manitou BF 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															3.61	15.76	2.36	26.01	14.59

Manitou BF ROCE % Calculation

Manitou BF'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 )
	=	209.401	/	( ( (1763.148 - 772.265)	+	(2165.284 - 1043.075) )	/ 2 )
	=	209.401	/	( (990.883	+	1122.209)	/ 2 )
	=	209.401	/	1056.546
	=	19.82 %

Manitou BF'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 )
	=	156.614	/	( ( (1952.154 - 927.077)	+	(2165.284 - 1043.075) )	/ 2 )
	=	156.614	/	( ( 1025.077	+	1122.209 )	/ 2 )
	=	156.614	/	1073.643
	=	14.59 %

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

Manitou BF (LTS:0NDA) 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.

Manitou BF ROCE % Related Terms

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Manitou BF (LTS:0NDA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Farm & Heavy Construction Machinery » Manitou BF SA (LTS:0NDA) » Definitions » ROCE %

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MTU:France

Address

430, rue de l'Aubiniere, Ancenis, FRA, 44158

Website

http://www.manitou-group.com

Manitou BF SA is an industrial equipment manufacturer based in France. It is one of the companies in developing all-terrain material handling equipment meant for construction, agricultural and industrial usage. Manitou's product mix is comprised of fixed, rotating and heavyweight all-terrain telescopic forklift-trucks, semi-industrial and industrial all-terrain masted forklift-trucks, compact loaders, aerial work platforms for personnel and warehousing equipment. These products are marketed through well-known brands such as Manitou, Gehl, and Mustang available with dealers throughout the world. Most of its revenue is derived from sales in countries of Northern Europe.

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