The Swatch Group AG (XSWX:UHR) ROCE % : 7.76% (As of Dec. 2023)

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What is The Swatch Group 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. The Swatch Group AG's annualized ROCE % for the quarter that ended in Dec. 2023 was 7.76%.

The Swatch Group AG ROCE % Historical Data

The historical data trend for The Swatch Group 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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The Swatch Group AG ROCE % Chart

The Swatch Group AG Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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8.28

0.32

8.47

8.77

8.97

The Swatch Group AG 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															10.09	7.22	10.38	10.25	7.76

The Swatch Group AG ROCE % Calculation

The Swatch Group 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 )
	=	1156	/	( ( (13893 - 1126)	+	(14229 - 1220) )	/ 2 )
	=	1156	/	( (12767	+	13009)	/ 2 )
	=	1156	/	12888
	=	8.97 %

The Swatch Group 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: 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 )
	=	1002	/	( ( (14029 - 1227)	+	(14229 - 1220) )	/ 2 )
	=	1002	/	( ( 12802	+	13009 )	/ 2 )
	=	1002	/	12905.5
	=	7.76 %

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

The Swatch Group AG (XSWX:UHR) 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.

The Swatch Group AG ROCE % Related Terms

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The Swatch Group AG (XSWX:UHR) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » The Swatch Group AG (XSWX:UHR) » Definitions » ROCE %

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Traded in Other Exchanges

SWGNF:USA SWGAY:USA SWGAF:USA UHRNz:UK UHRz:UK 0QJV:UK UHRA:Germany UHRN:Switzerland

Address

Seevorstadt 6, Bienne, CHE, 2501

Website

https://www.swatchgroup.com

Swatch Group's biggest brands are Omega (number-two Swiss watch brand by sales after Rolex), Longines (the largest premium watch brand and number four by sales globally), Breguet, Tissot (the leader in midrange Swiss watches), and Swatch. Swatch group employs over 31,000 people, half of them in Switzerland. We estimate that Swatch Group makes about 30% of its sales from Omega, 17% from ultraluxury brands, 20% from Longines, 10% from Tissot, and 6% from Swatch. We estimate Omega and Longines to be the group's most profitable brands.

The Swatch Group AG (XSWX:UHR) Headlines

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