EDAG Engineering Group AG (XTER:ED4) ROCE % : 10.28% (As of Dec. 2023)

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What is EDAG Engineering 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. EDAG Engineering Group AG's annualized ROCE % for the quarter that ended in Dec. 2023 was 10.28%.

EDAG Engineering Group AG ROCE % Historical Data

The historical data trend for EDAG Engineering 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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EDAG Engineering Group AG ROCE % Chart

EDAG Engineering Group AG Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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4.92

-4.95

6.75

13.30

13.16

EDAG Engineering Group AG Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial															14.52	15.92	11.88	16.87	10.28

EDAG Engineering Group AG ROCE % Calculation

EDAG Engineering 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 )
	=	58.11	/	( ( (721.659 - 339.354)	+	(730.575 - 229.446) )	/ 2 )
	=	58.11	/	( (382.305	+	501.129)	/ 2 )
	=	58.11	/	441.717
	=	13.16 %

EDAG Engineering 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: 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 )
	=	50.964	/	( ( (682.404 - 192.073)	+	(730.575 - 229.446) )	/ 2 )
	=	50.964	/	( ( 490.331	+	501.129 )	/ 2 )
	=	50.964	/	495.73
	=	10.28 %

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

EDAG Engineering Group AG (XTER:ED4) 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.

EDAG Engineering Group AG ROCE % Related Terms

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EDAG Engineering Group AG (XTER:ED4) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » EDAG Engineering Group AG (XTER:ED4) » Definitions » ROCE %

Comparable Companies

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ED4:Germany ED4:Germany

Address

Schlossgasse 2, Arbon, CHE, 9320

Website

https://www.edag.de

EDAG Engineering Group AG is an independent engineering partner in the international automotive industry. It is engaged in developing vehicles, derivatives, modules, and production facilities. It has divided its business into three segments namely Vehicle Engineering, Production Solutions, and Electrics/Electronics. It earns the majority of its revenue from vehicle engineering followed by electrics/electronics and production solutions. Geographic is present in Germany, the Rest of Europe, North America, South America, and Asia, and the majority of its revenue comes from the German market.

EDAG Engineering Group AG (XTER:ED4) Headlines

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