Grammer AG (XTER:GMM) ROCE % : -11.83% (As of Sep. 2024)

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What is Grammer 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. Grammer AG's annualized ROCE % for the quarter that ended in Sep. 2024 was -11.83%.

Grammer AG ROCE % Historical Data

The historical data trend for Grammer 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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Grammer AG ROCE % Chart

Grammer AG Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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11.23

-5.68

3.58

-4.71

7.61

Grammer AG Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
ROCE %	Get a 7-Day Free Trial															19.57	-3.32	3.75	9.78	-11.83

Grammer AG ROCE % Calculation

Grammer 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 )
	=	51.713	/	( ( (1444.594 - 777.078)	+	(1534.421 - 842.622) )	/ 2 )
	=	51.713	/	( (667.516	+	691.799)	/ 2 )
	=	51.713	/	679.6575
	=	7.61 %

Grammer AG's ROCE % of for the quarter that ended in Sep. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2024 )		(Q: Jun. 2024 )		(Q: Sep. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2024 )		(Q: Jun. 2024 )		(Q: Sep. 2024 )
	=	-98.064	/	( ( (1587.464 - 746.559)	+	(1522.908 - 706.382) )	/ 2 )
	=	-98.064	/	( ( 840.905	+	816.526 )	/ 2 )
	=	-98.064	/	828.7155
	=	-11.83 %

(1) Note: The EBIT data used here is four times the quarterly (Sep. 2024) EBIT data.

Grammer AG (XTER:GMM) 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.

Grammer AG ROCE % Related Terms

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Grammer AG Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Grammer AG (XTER:GMM) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

0OQX:UK GMM:Germany GMM:Germany GMM:Germany

Address

Grammer-Allee 2, Ursensollen, BY, DEU, 92289

Website

https://www.grammer.com

Grammer AG is a company that is engaged in developing and manufacturing components and systems for car interiors. It is active in producing auto parts including seats for heavy and off-road vehicles and cars. It manages its business in two segments namely Automotive and Commercial segments. The automotive division supplies interior components such as headrests. armrests and centre console and other spare parts. It also sells driver seats for offroad vehicles such as tractors, construction machinery and forklifts. The company operates its business globally. It earns the majority of its revenue from EMEA region followed by Americas and from APAC region as well.