Elaris AG (XTER:ELS) ROCE % : -55.11% (As of Dec. 2022)

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What is Elaris 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. Elaris AG's annualized ROCE % for the quarter that ended in Dec. 2022 was -55.11%.

Elaris AG ROCE % Historical Data

The historical data trend for Elaris 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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Elaris AG ROCE % Chart

Elaris AG Annual Data

Trend

Dec20

Dec21

Dec22

ROCE %

-22.46

-29.67

-55.11

Elaris AG Semi-Annual Data
	Dec20	Dec21	Dec22
ROCE %	-22.46	-29.67	-55.11

Elaris AG ROCE % Calculation

Elaris AG's annualized ROCE % for the fiscal year that ended in Dec. 2022 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2022 )		(A: Dec. 2021 )		(A: Dec. 2022 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2022 )		(A: Dec. 2021 )		(A: Dec. 2022 )
	=	-3.347	/	( ( (8.02 - 0.923)	+	(16.915 - 11.866) )	/ 2 )
	=	-3.347	/	( (7.097	+	5.049)	/ 2 )
	=	-3.347	/	6.073
	=	-55.11 %

Elaris AG's ROCE % of for the quarter that ended in Dec. 2022 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2022 )		(Q: Dec. 2021 )		(Q: Dec. 2022 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2022 )		(Q: Dec. 2021 )		(Q: Dec. 2022 )
	=	-3.347	/	( ( (8.02 - 0.923)	+	(16.915 - 11.866) )	/ 2 )
	=	-3.347	/	( ( 7.097	+	5.049 )	/ 2 )
	=	-3.347	/	6.073
	=	-55.11 %

(1) Note: The EBIT data used here is one times the annual (Dec. 2022) EBIT data.

Elaris AG (XTER:ELS) 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.

Elaris AG ROCE % Related Terms

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