thyssenkrupp AG (XTER:TKA) ROCE % : -29.31% (As of Sep. 2024)

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What is thyssenkrupp 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. thyssenkrupp AG's annualized ROCE % for the quarter that ended in Sep. 2024 was -29.31%.

thyssenkrupp AG ROCE % Historical Data

The historical data trend for thyssenkrupp 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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thyssenkrupp AG ROCE % Chart

thyssenkrupp AG Annual Data

Trend

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Sep24

ROCE %

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-24.38

1.21

6.58

-5.85

-4.89

thyssenkrupp 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															-42.93	0.62	3.20	4.67	-29.31

thyssenkrupp AG ROCE % Calculation

thyssenkrupp AG's annualized ROCE % for the fiscal year that ended in Sep. 2024 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Sep. 2024 )		(A: Sep. 2023 )		(A: Sep. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Sep. 2024 )		(A: Sep. 2023 )		(A: Sep. 2024 )
	=	-921	/	( ( (32603 - 12428)	+	(29333 - 11852) )	/ 2 )
	=	-921	/	( (20175	+	17481)	/ 2 )
	=	-921	/	18828
	=	-4.89 %

thyssenkrupp 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 )
	=	-5300	/	( ( (30157 - 11470)	+	(29333 - 11852) )	/ 2 )
	=	-5300	/	( ( 18687	+	17481 )	/ 2 )
	=	-5300	/	18084
	=	-29.31 %

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

thyssenkrupp AG (XTER:TKA) 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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thyssenkrupp AG Business Description

Industry

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Comparable Companies

Traded in Other Exchanges

TYEKF:USA TKAMY:USA 1TKA:Italy THYSSENKRUPP:Hungary TKAd:UK 0O1C:UK TKA:Bulgaria TKR:Austria

Address

ThyssenKrupp Allee 1, Essen, NW, DEU, 45143

Website

https://www.thyssenkrupp.com

thyssenkrupp AG is a diversified industrial group with steel operations and capital goods and services businesses. Its segment includes Materials Services, Decarbon Technologies, Automative Technology, Steel Europe, Marine System. Automotive Technology is one of the German supplier and engineering partners to the international automotive industry. Decarbon Technologies covers the businesses of Rothe Erde, Uhde, Polysius and the majority investment thyssenkrupp nucera. Material Services includes distribution of mill-independent materials distributors and service. Steel Europe concentrates on the market for high-quality flat carbon steel. Marine Systems is a supplier for submarine and surface vessel construction. Revenue from Materials Services.

Executives

Ilse Henne	Board of Directors
Dr. Volkmar Dinstuhl	Board of Directors
Dr. Klaus Keysberg	Board of Directors
Oliver Burkhard	Board of Directors
Miguel Angel Lopez Borrego	Board of Directors
Martina Merz	Board of Directors

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