Rath AG (WBO:RAT) ROCE % : -1.78% (As of Jun. 2024)

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What is Rath 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. Rath AG's annualized ROCE % for the quarter that ended in Jun. 2024 was -1.78%.

Rath AG ROCE % Historical Data

The historical data trend for Rath 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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Rath AG ROCE % Chart

Rath AG Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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7.58

-2.01

8.69

6.65

9.16

Rath 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															8.59	5.92	11.02	7.06	-1.78

Rath AG ROCE % Calculation

Rath 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 )
	=	9.714	/	( ( (130.415 - 24.286)	+	(135.197 - 29.128) )	/ 2 )
	=	9.714	/	( (106.129	+	106.069)	/ 2 )
	=	9.714	/	106.099
	=	9.16 %

Rath 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 )
	=	-1.858	/	( ( (135.197 - 29.128)	+	(130.223 - 26.997) )	/ 2 )
	=	-1.858	/	( ( 106.069	+	103.226 )	/ 2 )
	=	-1.858	/	104.6475
	=	-1.78 %

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

Rath AG (WBO:RAT) 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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Rath AG Business Description

Industry

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Traded in Other Exchanges

N/A

Address

Walfischgasse 14, Vienna, AUT, 1015

Website

http://www.rath.at

Rath AG is an Austrian company that manufactures refractory products. It produces dense stones, refractory bricks, masses and high-temperature wool. It operates in nine different industry sectors, namely Iron and steel industry, domestic fireplaces, ceramic industry, sonderofenbau, energy and environmental technology, chemical, and petrochemical industry, glass industry, non-ferrous metal industry and cement and lime industry.

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