Ringmetall SE (XTER:HP3A) ROCE % : 13.19% (As of Dec. 2023)

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What is Ringmetall SE 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. Ringmetall SE's annualized ROCE % for the quarter that ended in Dec. 2023 was 13.19%.

Ringmetall SE ROCE % Historical Data

The historical data trend for Ringmetall SE'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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Ringmetall SE ROCE % Chart

Ringmetall SE Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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7.95

7.67

23.94

22.05

10.89

Ringmetall SE 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															26.99	28.40	14.26	8.30	13.19

Ringmetall SE ROCE % Calculation

Ringmetall SE'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 )
	=	11.103	/	( ( (131.341 - 29.326)	+	(131.982 - 30.093) )	/ 2 )
	=	11.103	/	( (102.015	+	101.889)	/ 2 )
	=	11.103	/	101.952
	=	10.89 %

Ringmetall SE'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 )
	=	13.63	/	( ( (139.162 - 34.403)	+	(131.982 - 30.093) )	/ 2 )
	=	13.63	/	( ( 104.759	+	101.889 )	/ 2 )
	=	13.63	/	103.324
	=	13.19 %

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

Ringmetall SE (XTER:HP3A) 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.

Ringmetall SE ROCE % Related Terms

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Ringmetall SE (XTER:HP3A) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Ringmetall SE (XTER:HP3A) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

HP3:Germany HP3A:Germany HP3A:Germany

Address

Innere Wiener Street 9, Munich, BY, DEU, 81667

Website

https://www.ringmetall.de

Ringmetall SE is a supplier in the packaging industry with a focus on packaging elements in the field of industrial drums. Its main activities are allocated to the Industrial Packaging and Industrial Handling business units. The majority of its revenue is generated from industrial packaging segment. The products offered by the group are Clamping rings and lids, Vehicle attachment parts, and other products, of which a majority of the revenue is generated from the sales of Clamping rings and lids. The Industrial packaging segment covers the production and sale of clamping rings and the associated closures, whereas the Industrial Handling segment includes the production and marketing of vehicle attachment parts for special vehicles in logistics and warehouse logistics as well as agriculture.

Executives

Christoph Petri

Board of Directors

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