MBGYY (Mercedes-Benz Group AG) ROCE % : 6.32% (As of Sep. 2024)

View and export this data going back to 2017. Start your Free Trial

What is Mercedes-Benz Group 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. Mercedes-Benz Group AG's annualized ROCE % for the quarter that ended in Sep. 2024 was 6.32%.

Mercedes-Benz Group AG ROCE % Historical Data

The historical data trend for Mercedes-Benz Group 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.

Mercedes-Benz Group AG ROCE % Chart

Mercedes-Benz Group AG Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

Get a 7-Day Free Trial

2.57

3.52

8.72

11.67

11.96

Mercedes-Benz Group AG 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															11.60	10.69	8.91	9.14	6.32

Mercedes-Benz Group AG ROCE % Calculation

Mercedes-Benz Group 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 )
	=	22655.398	/	( ( (275439.619 - 93647.246)	+	(286828.79 - 89895.311) )	/ 2 )
	=	22655.398	/	( (181792.373	+	196933.479)	/ 2 )
	=	22655.398	/	189362.926
	=	11.96 %

Mercedes-Benz Group AG'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 )
	=	12790.232	/	( ( (283286.329 - 85017.223)	+	(290806.881 - 84063.263) )	/ 2 )
	=	12790.232	/	( ( 198269.106	+	206743.618 )	/ 2 )
	=	12790.232	/	202506.362
	=	6.32 %

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

Mercedes-Benz Group AG (OTCPK:MBGYY) 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.

Mercedes-Benz Group AG ROCE % Related Terms

Thank you for viewing the detailed overview of Mercedes-Benz Group AG's ROCE % provided by GuruFocus.com. Please click on the following links to see related term pages.

Mercedes-Benz Group AG Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Mercedes-Benz Group AG (OTCPK:MBGYY) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

MBGAF:USA DAI:Romania MBG:Poland 1MBG:Italy MERCEDESBENZ:Hungary MBGd:UK 0NXX:UK MBG:Germany MB:Canada BENZ:Canada MBG:Bulgaria MBG:Austria

Address

Mercedesstrasse 120, Stuttgart, BW, DEU, 70372

Website

https://www.daimler.com

Mercedes-Benz Group is a premium automotive original equipment manufacturer, selling around 2 million passenger cars, including its Chinese joint venture, and just under 450,000 vans per year. The company's financial profile improved significantly following the spinoff of Daimler Truck in 2021. Unlike most automotive OEMs, Mercedes operates under its own brand alone. In 2023, 16% of its passenger cars sold were top end (G Class, Maybach, AMG, S Class), 54% were core (C and E Class), and 30% entry (A and B Class). In volume terms, Asia is Mercedes' largest market at 40% of 2023 vehicle sales followed by Europe at 38% and North America at 17%.