Gestamp Automocion (LTS:0ROM) ROCE % : 8.42% (As of Mar. 2024)

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What is Gestamp Automocion 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. Gestamp Automocion's annualized ROCE % for the quarter that ended in Mar. 2024 was 8.42%.

Gestamp Automocion ROCE % Historical Data

The historical data trend for Gestamp Automocion'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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Gestamp Automocion ROCE % Chart

Gestamp Automocion Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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8.50

0.06

7.09

9.02

10.30

Gestamp Automocion Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial															11.50	22.26	9.76	8.38	8.42

Gestamp Automocion ROCE % Calculation

Gestamp Automocion'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 )
	=	633.646	/	( ( (10041.309 - 4032.835)	+	(9928.534 - 3629.141) )	/ 2 )
	=	633.646	/	( (6008.474	+	6299.393)	/ 2 )
	=	633.646	/	6153.9335
	=	10.30 %

Gestamp Automocion's ROCE % of for the quarter that ended in Mar. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	534	/	( ( (9928.534 - 3629.141)	+	(10282.2 - 3903.5) )	/ 2 )
	=	534	/	( ( 6299.393	+	6378.7 )	/ 2 )
	=	534	/	6339.0465
	=	8.42 %

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

Gestamp Automocion (LTS:0ROM) 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.

Gestamp Automocion ROCE % Related Terms

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Gestamp Automocion (LTS:0ROM) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Gestamp Automocion (LTS:0ROM) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

GESTN:Mexico GESTe:UK GEST:Spain 7GA:Germany

Address

Lebario Industrial Park, Abadino, ESP, 48220

Website

https://www.gestamp.com

Gestamp Automocion is a Spanish automobile components manufacturer. The activities of the group are focused on the design, development, and manufacturing of metal components for the automotive industry via stamping, tooling, assembly, welding, tailor welded blanks, die-cutting, and machinery. It generates the majority of its revenue from Parts, prototypes, and components; followed by Tooling; and Byproducts & containers. The company operates in the following geographical segments: Western Europe, Eastern Europe, Mercosur, North America, and Asia. It generates the highest revenue from the Western Europe segment.

Gestamp Automocion (LTS:0ROM) Headlines

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