Schmid Group NV (Schmid Group NV) ROCE % : 37.09% (As of Dec. 2023)

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What is Schmid Group NV 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. Schmid Group NV's annualized ROCE % for the quarter that ended in Dec. 2023 was 37.09%.

Schmid Group NV ROCE % Historical Data

The historical data trend for Schmid Group NV'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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Schmid Group NV ROCE % Chart

Schmid Group NV Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

ROCE %

-24.55

2,346.94

Schmid Group NV Semi-Annual Data
	Dec21	Jun22	Dec22	Jun23	Dec23
ROCE %	-	-	-	-	37.09

Schmid Group NV ROCE % Calculation

Schmid Group NV'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 )
	=	55.423	/	( ( (190.94 - 207.197)	+	(116.229 - 95.249) )	/ 2 )
	=	55.423	/	( (-16.257	+	20.98)	/ 2 )
	=	55.423	/	2.3615
	=	2,346.94 %

Schmid Group NV'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 )
	=	6.008	/	( ( (149.26 - 137.839)	+	(116.229 - 95.249) )	/ 2 )
	=	6.008	/	( ( 11.421	+	20.98 )	/ 2 )
	=	6.008	/	16.2005
	=	37.09 %

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

Schmid Group NV (NAS:SHMD) 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.

Schmid Group NV ROCE % Related Terms

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Schmid Group NV (Schmid Group NV) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Schmid Group NV (NAS:SHMD) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Robert-Bosch-Street 32-36, Freudenstadt, BW, DEU, 72250

Website

https://www.schmid-group.com

Schmid Group NV is a global supplier of equipment, software and services for various industries such as printed circuit board (PCB), substrate manufacturing, photovoltaics, and glass and energy storage with a focus on the highest end of this market in terms of technology and performance. It focuses on a modular product portfolio of machinery to use in the manufacturing of high-end PCB equipment and semiconductor packaging devices which includes common flexible circuit fabrication techniques such as subtractive, semi-additive processes (SAP) and modified semi-additive processes (mSAP).

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