Flatex AG (XTER:FTK) ROCE % : 17.97% (As of Dec. 2023)

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What is Flatex 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. Flatex AG's annualized ROCE % for the quarter that ended in Dec. 2023 was 17.97%.

Flatex AG ROCE % Historical Data

The historical data trend for Flatex 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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Flatex AG ROCE % Chart

Flatex AG Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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12.11

20.92

14.04

22.15

13.85

Flatex AG Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
ROCE %	Get a 7-Day Free Trial															14.52	23.93	20.36	9.88	17.97

Flatex AG ROCE % Calculation

Flatex 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 )
	=	105.274	/	( ( (4095.167 - 3361.927)	+	(4540.026 - 3753.379) )	/ 2 )
	=	105.274	/	( (733.24	+	786.647)	/ 2 )
	=	105.274	/	759.9435
	=	13.85 %

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

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2023 )		(Q: Jun. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Jun. 2023 )		(Q: Dec. 2023 )
	=	137.554	/	( ( (4417.382 - 3673.263)	+	(4540.026 - 3753.379) )	/ 2 )
	=	137.554	/	( ( 744.119	+	786.647 )	/ 2 )
	=	137.554	/	765.383
	=	17.97 %

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

Flatex AG (XTER:FTK) 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.

Flatex AG ROCE % Related Terms

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Flatex AG (XTER:FTK) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Flatex AG (XTER:FTK) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

FNNTF:USA 0W89:UK

Address

Omniturm, Grosse Gallusstrasse 16-18, Frankfurt, HE, DEU, 60312

Website

https://www.flatex.com

Flatex AG is an independent online broker. The firm operates a proprietary securities trading platform under the brands flatex and DEGIRO and services more than 1 million European retail customers in European countries. The company also offers brokerage services and administration to corporate and institutional clients. The segments of the company are Financial Services and Technologies.

Executives

Steffen Jentsch	Chief Process Officer
Frank Niehage	CEO
Dr. Matthias Heinrich	Chief Risk Officer
Muhamad Said Chahrour	CFO
Martin Korbmacher	Chairman of the Supervisory Board