Weng Fine Art AG (XTER:WFA) ROCE % : 1.89% (As of Jun. 2024)

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What is Weng Fine Art 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. Weng Fine Art AG's annualized ROCE % for the quarter that ended in Jun. 2024 was 1.89%.

Weng Fine Art AG ROCE % Historical Data

The historical data trend for Weng Fine Art 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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Weng Fine Art AG ROCE % Chart

Weng Fine Art AG Annual Data

Trend

Jan14

Jan15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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10.82

25.87

16.86

3.75

2.47

Weng Fine Art AG Semi-Annual Data
	Jan13	Jul13	Jan14	Jul14	Jan15	Jul15	Dec16	Jun17	Dec17	Jun18	Dec18	Dec19	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
ROCE %	Get a 7-Day Free Trial															1.31	7.05	3.04	1.82	1.89

Weng Fine Art AG ROCE % Calculation

Weng Fine Art 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 )
	=	0.65	/	( ( (36.688 - 9.918)	+	(39.532 - 13.601) )	/ 2 )
	=	0.65	/	( (26.77	+	25.931)	/ 2 )
	=	0.65	/	26.3505
	=	2.47 %

Weng Fine Art AG's ROCE % of for the quarter that ended in Jun. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jun. 2024 )		(Q: Dec. 2023 )		(Q: Jun. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jun. 2024 )		(Q: Dec. 2023 )		(Q: Jun. 2024 )
	=	0.334	/	( ( (39.532 - 13.601)	+	(11.941 - 2.483) )	/ 2 )
	=	0.334	/	( ( 25.931	+	9.458 )	/ 2 )
	=	0.334	/	17.6945
	=	1.89 %

(1) Note: The EBIT data used here is two times the semi-annual (Jun. 2024) EBIT data.

Weng Fine Art AG (XTER:WFA) 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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Weng Fine Art AG Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Weng Fine Art AG (XTER:WFA) » Definitions » ROCE %

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0AB1:UK

Address

Rheinpromenade 13, D-47807, Monheim am Rhein, NW, DEU, 40789

Website

http://www.wengfineart.com

Weng Fine Art AG trades in paintings, works on paper, sculptures, and prints by artists from the 20th and 21st centuries.

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