Dr. Ing. h.c. F. Porsche AG (XTER:P911) ROCE % : 10.37% (As of Sep. 2024)

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What is Dr. Ing. h.c. F. Porsche 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. Dr. Ing. h.c. F. Porsche AG's annualized ROCE % for the quarter that ended in Sep. 2024 was 10.37%.

Dr. Ing. h.c. F. Porsche AG ROCE % Historical Data

The historical data trend for Dr. Ing. h.c. F. Porsche 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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Dr. Ing. h.c. F. Porsche AG ROCE % Chart

Dr. Ing. h.c. F. Porsche AG Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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14.69

13.87

16.12

20.72

22.25

Dr. Ing. h.c. F. Porsche AG Quarterly Data
	Dec18	Dec19	Dec20	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
ROCE %	Get a 7-Day Free Trial												18.86	22.70	13.72	19.00	10.37

Dr. Ing. h.c. F. Porsche AG ROCE % Calculation

Dr. Ing. h.c. F. Porsche 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 )
	=	7559	/	( ( (47642 - 16579)	+	(50447 - 13567) )	/ 2 )
	=	7559	/	( (31063	+	36880)	/ 2 )
	=	7559	/	33971.5
	=	22.25 %

Dr. Ing. h.c. F. Porsche 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 )
	=	3896	/	( ( (51467 - 14387)	+	(52089 - 14062) )	/ 2 )
	=	3896	/	( ( 37080	+	38027 )	/ 2 )
	=	3896	/	37553.5
	=	10.37 %

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

Dr. Ing. h.c. F. Porsche AG (XTER:P911) 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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Dr. Ing. h.c. F. Porsche AG Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Dr. Ing. h.c. F. Porsche AG (XTER:P911) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

DRPRY:USA DRPRF:USA 1PORS:Italy 09II:UK P911d:UK P911:Austria

Address

Porscheplatz 1, Stuttgart, BW, DEU, 70435

Website

https://www.porsche.com

Porsche engineers and manufactures premium and luxury sports cars and sports crossovers. The Porsche brand is synonymous with motorsports, German engineering, and fast, fun to drive, sports cars. The firm also has a captive finance company that provides funding for dealers and customers. In 2023, there were over 320,000 Porsche vehicles delivered to customers with about 25% going to China, 32% to Europe, 27% to North America, and 16% to rest of world.

Executives

Dr. Wolfgang Porsche	Supervisory Board
Oliver Blume	Board of Directors
Lutz Meschke	Board of Directors
Barbara Frenkel	Board of Directors
Andreas Haffner	Board of Directors
Albrecht Reimold	Board of Directors
Dr. Michael Steiner	Board of Directors

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