Gentherm (STU:QA4A) ROCE % : 10.29% (As of Sep. 2024)

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What is Gentherm 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. Gentherm's annualized ROCE % for the quarter that ended in Sep. 2024 was 10.29%.

Gentherm ROCE % Historical Data

The historical data trend for Gentherm'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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Gentherm ROCE % Chart

Gentherm Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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10.70

11.84

15.75

5.23

7.36

Gentherm 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															11.38	9.73	9.45	14.21	10.29

Gentherm ROCE % Calculation

Gentherm'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 )
	=	63.819	/	( ( (1169.899 - 269.63)	+	(1131.918 - 297.982) )	/ 2 )
	=	63.819	/	( (900.269	+	833.936)	/ 2 )
	=	63.819	/	867.1025
	=	7.36 %

Gentherm'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 )
	=	86.928	/	( ( (1152.474 - 302.964)	+	(1169.659 - 329.27) )	/ 2 )
	=	86.928	/	( ( 849.51	+	840.389 )	/ 2 )
	=	86.928	/	844.9495
	=	10.29 %

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

Gentherm (STU:QA4A) 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.

Gentherm ROCE % Related Terms

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Gentherm Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Gentherm Inc (STU:QA4A) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

THRM:USA QA4A:Germany

Address

21680 Haggerty Road, Northville, MI, USA, 48167

Website

https://www.gentherm.com

Gentherm Inc is an automotive parts manufacturer. The business activities of the group function through the Automotive and Medical segments. The vast majority of the firm's revenue comes from the Automotive segment, which includes automotive climate comfort systems, automotive cable systems, battery performance solutions and automotive electronics and software systems. The medical segment is comprised of the results from the patient temperature management business in the medical industry. Its geographical segments are the United States, China, South Korea, Germany, Japan, the Czech Republic, and other countries.

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