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Gurit Holding AG (LTS:0QQR) ROCE % : 12.89% (As of Jun. 2024)


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What is Gurit Holding 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. Gurit Holding AG's annualized ROCE % for the quarter that ended in Jun. 2024 was 12.89%.


Gurit Holding AG ROCE % Historical Data

The historical data trend for Gurit Holding 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.

* Premium members only.

Gurit Holding AG ROCE % Chart

Gurit Holding AG Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
ROCE %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 22.10 27.84 9.64 8.60 9.14

Gurit Holding AG Semi-Annual Data
Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24
ROCE % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 16.32 -0.90 13.56 4.09 12.89

Gurit Holding AG ROCE % Calculation

Gurit Holding 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 )
=17.208/( ( (363.543 - 142.389) + (278.071 - 122.834) )/ 2 )
=17.208/( (221.154+155.237)/ 2 )
=17.208/188.1955
=9.14 %

Gurit Holding AG's ROCE % of for the quarter that ended in Jun. 2024 is calculated as:

ROCE %=EBIT (1)/( (Capital Employed+Capital Employed)/ count )
(Q: Jun. 2024 )  (Q: Dec. 2023 )(Q: Jun. 2024 )
=EBIT/( ( (Total Assets - Total Current Liabilities)+(Total Assets - Total Current Liabilities) )/ count )
(Q: Jun. 2024 )  (Q: Dec. 2023 )(Q: Jun. 2024 )
=21.582/( ( (278.071 - 122.834) + (316.773 - 137.249) )/ 2 )
=21.582/( ( 155.237 + 179.524 )/ 2 )
=21.582/167.3805
=12.89 %

(1) Note: The EBIT data used here is two times the semi-annual (Jun. 2024) EBIT data.

* 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.


Gurit Holding AG  (LTS:0QQR) 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.


Gurit Holding AG ROCE % Related Terms

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Gurit Holding AG Business Description

Traded in Other Exchanges
Address
Ebnaterstrasse 79, Wattwil, CHE, CH-9630
Gurit Holding AG and its subsidiaries is engaged in the development and manufacture of composite materials, core kitting services, composite tooling equipment and pultruded structural profiles. The segments of the company are Wind materials, Manufacturing solutions, and Marine and Industrial. The company generates maximum revenue from wind materials. The company's geographical segments are Europe, Asia, the Americas, and the Rest of the world.

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