RTX AS (LTS:0NQJ) ROCE % : 13.72% (As of Sep. 2024)

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What is RTX AS 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. RTX AS's annualized ROCE % for the quarter that ended in Sep. 2024 was 13.72%.

RTX AS ROCE % Historical Data

The historical data trend for RTX AS'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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RTX AS ROCE % Chart

RTX AS Annual Data

Trend

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Sep24

ROCE %

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21.06

0.50

11.63

14.70

-8.64

RTX AS Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
ROCE %	Get a 7-Day Free Trial															34.68	-42.52	-7.39	1.39	13.72

RTX AS ROCE % Calculation

RTX AS's annualized ROCE % for the fiscal year that ended in Sep. 2024 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Sep. 2024 )		(A: Sep. 2023 )		(A: Sep. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Sep. 2024 )		(A: Sep. 2023 )		(A: Sep. 2024 )
	=	-35.967	/	( ( (578.089 - 143.2)	+	(491.268 - 94.003) )	/ 2 )
	=	-35.967	/	( (434.889	+	397.265)	/ 2 )
	=	-35.967	/	416.077
	=	-8.64 %

RTX AS's ROCE % of for the quarter that ended in Sep. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2024 )		(Q: Jun. 2024 )		(Q: Sep. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2024 )		(Q: Jun. 2024 )		(Q: Sep. 2024 )
	=	54.68	/	( ( (488.322 - 88.215)	+	(491.268 - 94.003) )	/ 2 )
	=	54.68	/	( ( 400.107	+	397.265 )	/ 2 )
	=	54.68	/	398.686
	=	13.72 %

(1) Note: The EBIT data used here is four times the quarterly (Sep. 2024) EBIT data.

RTX AS (LTS:0NQJ) 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.

RTX AS ROCE % Related Terms

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RTX AS Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » RTX AS (LTS:0NQJ) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

RTX:Denmark RTE:Germany

Address

Stroemmen 6, Noerresundby, DNK, 9400

Website

http://www.rtx.dk

RTX AS is engaged in the design, development, and production of wireless communication solutions rooted in a combination of software and hardware. RTX delivers turnkey solutions to globally recognized B2B customers. Its operating segment includes Enterprise, ProAudio and Healthcare. In Enterprise, the company designs, develop and supplies wireless IP telephony products and sub-systems. In ProAudio, it designs, develops, and manufactures wireless audio solutions. In Healthcare, the company builds wireless technology into modern healthcare services, providing patient monitoring solutions and wireless communication infrastructure for high-tech medical devices. Geographically, RTX A/S has a presence in Denmark; the USA; Hong Kong; France, Germany, and other countries.

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