Linz Textil Holding AG (WBO:LTH) ROCE % : 3.32% (As of Jun. 2024)

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What is Linz Textil Holding 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. Linz Textil Holding AG's annualized ROCE % for the quarter that ended in Jun. 2024 was 3.32%.

Linz Textil Holding AG ROCE % Historical Data

The historical data trend for Linz Textil Holding 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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Linz Textil Holding AG ROCE % Chart

Linz Textil Holding AG Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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18.70

3.42

4.38

4.92

7.36

Linz Textil Holding AG Semi-Annual Data
	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
ROCE %	Get a 7-Day Free Trial															5.72	4.11	2.66	12.35	3.32

Linz Textil Holding AG ROCE % Calculation

Linz Textil Holding 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 )
	=	5.963	/	( ( (92.996 - 12.429)	+	(87.81 - 6.281) )	/ 2 )
	=	5.963	/	( (80.567	+	81.529)	/ 2 )
	=	5.963	/	81.048
	=	7.36 %

Linz Textil Holding AG's ROCE % of for the quarter that ended in Jun. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jun. 2024 )		(Q: Dec. 2023 )		(Q: Jun. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jun. 2024 )		(Q: Dec. 2023 )		(Q: Jun. 2024 )
	=	2.614	/	( ( (87.81 - 6.281)	+	(81.69 - 5.715) )	/ 2 )
	=	2.614	/	( ( 81.529	+	75.975 )	/ 2 )
	=	2.614	/	78.752
	=	3.32 %

(1) Note: The EBIT data used here is two times the semi-annual (Jun. 2024) EBIT data.

Linz Textil Holding AG (WBO:LTH) 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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Linz Textil Holding AG Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Linz Textil Holding AG (WBO:LTH) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

Wiener Strasse 435, Linz, AUT, A-4030

Website

http://www.linz-textil.com

Linz Textil Holding AG is an Austria based company, engages in the manufacture, and sale of textile products. It operates through the Textile Semis and Finished Textile Products business segments. The Textile Semis segment comprises of the yard and grey fabrics. The Finished Textile Products offers yarns, technical fabrics, home textiles, and clothing fabrics. It offers products in the fields of textile, weaving, technical fabrics, and yarns.