Klingelnberg AG (XSWX:KLIN) ROCE % : 5.32% (As of Sep. 2023)

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What is Klingelnberg 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. Klingelnberg AG's annualized ROCE % for the quarter that ended in Sep. 2023 was 5.32%.

Klingelnberg AG ROCE % Historical Data

The historical data trend for Klingelnberg 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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Klingelnberg AG ROCE % Chart

Klingelnberg AG Annual Data

Trend

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

ROCE %

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16.46

-11.86

-6.24

-13.70

15.61

Klingelnberg AG Semi-Annual Data
	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
ROCE %	Get a 7-Day Free Trial								-67.18	36.34	5.73	25.27	5.32

Klingelnberg AG ROCE % Calculation

Klingelnberg AG's annualized ROCE % for the fiscal year that ended in Mar. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Mar. 2023 )		(A: Mar. 2022 )		(A: Mar. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Mar. 2023 )		(A: Mar. 2022 )		(A: Mar. 2023 )
	=	22.476	/	( ( (280.009 - 148.638)	+	(281.855 - 125.273) )	/ 2 )
	=	22.476	/	( (131.371	+	156.582)	/ 2 )
	=	22.476	/	143.9765
	=	15.61 %

Klingelnberg AG's ROCE % of for the quarter that ended in Sep. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2023 )		(Q: Mar. 2023 )		(Q: Sep. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2023 )		(Q: Mar. 2023 )		(Q: Sep. 2023 )
	=	8.068	/	( ( (281.855 - 125.273)	+	(274.907 - 128.438) )	/ 2 )
	=	8.068	/	( ( 156.582	+	146.469 )	/ 2 )
	=	8.068	/	151.5255
	=	5.32 %

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

Klingelnberg AG (XSWX:KLIN) 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.

Klingelnberg AG ROCE % Related Terms

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Klingelnberg AG (XSWX:KLIN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Klingelnberg AG (XSWX:KLIN) » Definitions » ROCE %

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KLINz:UK

Address

Binzmuhlestrasse 171, Zurich, CHE, 8050

Website

https://www.klingelnberg.com

Klingelnberg AG operates its business in the gear industry. The company is engaged in the development, manufacturing, and selling of gearing machines. Its business segment include: Bevel Gear; Cylindrical Gear; Measuring Centers, and Drive Technology. The company generates the majority of its revenue from Measuring Centers. The company serves automotive, truck, aircraft, agriculture, construction, power tool, marine industries, and various industrial equipment markets. The company is geographically present across Italy, France, Spain, Russia, Japan, India, China, Brazil, the United States, and Mexico.

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