EnviTec Biogas AG (XTER:ETG) ROCE % : 30.81% (As of Jun. 2023)

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What is EnviTec Biogas 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. EnviTec Biogas AG's annualized ROCE % for the quarter that ended in Jun. 2023 was 30.81%.

EnviTec Biogas AG ROCE % Historical Data

The historical data trend for EnviTec Biogas 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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EnviTec Biogas AG ROCE % Chart

EnviTec Biogas AG Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

ROCE %

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2.88

3.72

10.38

13.19

31.22

EnviTec Biogas AG Semi-Annual Data
	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
ROCE %	Get a 7-Day Free Trial															5.74	10.58	20.16	41.41	30.81

EnviTec Biogas AG ROCE % Calculation

EnviTec Biogas 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 )
	=	67.816	/	( ( (252.765 - 59.734)	+	(340.592 - 99.114) )	/ 2 )
	=	67.816	/	( (193.031	+	241.478)	/ 2 )
	=	67.816	/	217.2545
	=	31.22 %

EnviTec Biogas AG's ROCE % of for the quarter that ended in Jun. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jun. 2023 )		(Q: Dec. 2022 )		(Q: Jun. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jun. 2023 )		(Q: Dec. 2022 )		(Q: Jun. 2023 )
	=	80.762	/	( ( (340.592 - 99.114)	+	(419.289 - 136.478) )	/ 2 )
	=	80.762	/	( ( 241.478	+	282.811 )	/ 2 )
	=	80.762	/	262.1445
	=	30.81 %

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

EnviTec Biogas AG (XTER:ETG) 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.

EnviTec Biogas AG ROCE % Related Terms

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EnviTec Biogas AG (XTER:ETG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » EnviTec Biogas AG (XTER:ETG) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

ETG:Germany ETG:Germany ETG:Germany

Address

Industriering 10a, Lohne, NW, DEU, 49393

Website

https://www.envitec-biogas.de

EnviTec Biogas AG is a Germany based company engaged in manufacturing and operating biogas and biomethane plants. It provides biological and technical services, and plant management and operation services. The operating segments of the company are Plant construction, Own plant operation and energy, and Service. It generates maximum revenue from its Own plant operation and energy segment. Geographically, it derives a majority of its revenue from Germany and also has a presence in Italy; Great Britain; Czech Republic; France; Denmark and Other Countries.

EnviTec Biogas AG (XTER:ETG) Headlines

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