Ernst Russ AG (XTER:HXCK) ROCE % : 39.20% (As of Dec. 2023)

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What is Ernst Russ 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. Ernst Russ AG's annualized ROCE % for the quarter that ended in Dec. 2023 was 39.20%.

Ernst Russ AG ROCE % Historical Data

The historical data trend for Ernst Russ 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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Ernst Russ AG ROCE % Chart

Ernst Russ AG Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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5.84

6.31

15.14

36.09

33.07

Ernst Russ AG Quarterly Data
	Jun18	Dec18	Jun19	Sep19	Dec19	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial															25.72	23.87	23.15	39.82	39.20

Ernst Russ AG ROCE % Calculation

Ernst Russ 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 )
	=	83.487	/	( ( (283.281 - 53.708)	+	(340.273 - 64.884) )	/ 2 )
	=	83.487	/	( (229.573	+	275.389)	/ 2 )
	=	83.487	/	252.481
	=	33.07 %

Ernst Russ 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: Sep. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	107.948	/	( ( (0 - 0)	+	(340.273 - 64.884) )	/ 1 )
	=	107.948	/	( ( 0	+	275.389 )	/ 1 )
	=	107.948	/	275.389
	=	39.20 %

(1) Note: The EBIT data used here is four times the quarterly (Dec. 2023) EBIT data.

Ernst Russ AG (XTER:HXCK) 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.

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Ernst Russ AG (XTER:HXCK) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Ernst Russ AG (XTER:HXCK) » Definitions » ROCE %

Traded in Other Exchanges

HXCK:Germany HXCK:Germany HXCK:Germany

Address

Elbchaussee 370, Hamburg, DEU, Elbchaussee 370

Website

https://www.ernst-russ.de

Ernst Russ AG is a principal investment firm specializing in fund of fund investments. It operates in the Shipping and Alternative Investment segment. Within the Shipping segment, it focuses on structuring and asset management of investment vehicles for ships on its own behalf and on behalf of third parties. The Asset Classes , life insurance , secondary market and aircraft are managed in the Alternative Investments segment. The firm's majority of revenue comes from Germany through the shipping segment.

Executives

Robert Lorenz-meyer	Supervisory Board
Robert Gärtner	Board of Directors
Ingo Kuhlmann	Supervisory Board
Alexander Stuhlmann	Supervisory Board

Ernst Russ AG (XTER:HXCK) Headlines

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