Jenoptik AG (WBO:JEN) ROCE % : 10.22% (As of Dec. 2023)

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What is Jenoptik 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. Jenoptik AG's annualized ROCE % for the quarter that ended in Dec. 2023 was 10.22%.

Jenoptik AG ROCE % Historical Data

The historical data trend for Jenoptik 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.

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Jenoptik AG ROCE % Chart

Jenoptik AG Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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11.31

5.49

9.84

7.98

9.28

Jenoptik AG Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial															7.09	6.39	10.13	10.20	10.22

Jenoptik AG ROCE % Calculation

Jenoptik 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 )
	=	127.823	/	( ( (1671.765 - 309.499)	+	(1666.912 - 273.402) )	/ 2 )
	=	127.823	/	( (1362.266	+	1393.51)	/ 2 )
	=	127.823	/	1377.888
	=	9.28 %

Jenoptik AG'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: Sep. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	141.788	/	( ( (1673.276 - 291.683)	+	(1666.912 - 273.402) )	/ 2 )
	=	141.788	/	( ( 1381.593	+	1393.51 )	/ 2 )
	=	141.788	/	1387.5515
	=	10.22 %

(1) Note: The EBIT data used here is four times the quarterly (Dec. 2023) EBIT data.

Jenoptik AG (WBO:JEN) 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.

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Jenoptik AG (WBO:JEN) Business Description

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GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Jenoptik AG (WBO:JEN) » Definitions » ROCE %

Comparable Companies

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JNPKF:USA 1JEN:Italy 0ZPV:UK JEN:Germany

Address

Carl-Zeiss-Strasse 1, Jena, DEU, 07743

Website

https://www.jenoptik.com

Jenoptik AG is a Germany-based company that manufactures and distributes optical technology products to the semiconductor equipment, automotive, medical technology, defense, security, and aviation industries. Its products include optoelectronic systems, power supply, and drive systems, industrial metrology, camera and camera modules, laser technology, light-emitting diode technology, aviation systems, and traffic safety systems. The firm has manufacturing facilities in Europe, the United States, and Asia, and generates revenue all over the world.

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