Heidelberg Materials AG (XTER:HEI) ROCE %

: 13.39% (As of Dec. 2023)

View and export this data going back to 1889. Start your Free Trial

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. Heidelberg Materials AG's annualized ROCE % for the quarter that ended in Dec. 2023 was 13.39%.

Heidelberg Materials AG ROCE % Historical Data

The historical data trend for Heidelberg Materials 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.

* Premium members only.

Heidelberg Materials AG Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

6.57

-4.59

11.76

8.81

11.12

Heidelberg Materials 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 %																14.04	6.69	10.82	9.04	13.39

Heidelberg Materials AG ROCE % Calculation

Heidelberg Materials 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 )
	=	3067.7	/	( ( (33255.6 - 6146)	+	(35471.5 - 7384.4) )	/ 2 )
	=	3067.7	/	( (27109.6	+	28087.1)	/ 2 )
	=	3067.7	/	27598.35
	=	11.12 %

Heidelberg Materials 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 )
	=	3687.8	/	( ( (33680.1 - 6666.4)	+	(35471.5 - 7384.4) )	/ 2 )
	=	3687.8	/	( ( 27013.7	+	28087.1 )	/ 2 )
	=	3687.8	/	27550.4
	=	13.39 %

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

Heidelberg Materials AG (XTER:HEI) 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.

Heidelberg Materials AG ROCE % Related Terms

Thank you for viewing the detailed overview of Heidelberg Materials AG's ROCE % provided by GuruFocus.com. Please click on the following links to see related term pages.

Heidelberg Materials AG (XTER:HEI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Building Materials » Heidelberg Materials AG (XTER:HEI) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

HLBZF:USA HDELY:USA HEI:Italy HEId:UK 0MG2:UK HEIU:Germany HEI:Germany HEI:Germany HEIU:Germany HEI:Germany

Address

Berliner Strasse 6, Heidelberg, BW, DEU, 69120

Website

https://www.heidelbergmaterials.com/en

Heidelberg Materials is one of the world's largest building materials companies, with operations in 60 countries. Its core activities include the production of cement and aggregates, which are used to construct houses, infrastructure, and commercial facilities. The sale of cement and aggregates accounts for the majority of group revenue and profits. North America is the company's largest market, contributing 29% of EBITDA, followed by Western and Southern Europe, contributing 21%. Heidelberg Materials is listed in Germany and has 55,000 employees.

Executives

Ludwig Merckle	Supervisory Board
René Aldach	Board of Directors
Dennis Lentz	Board of Directors
Ernest Jelito	Board of Directors
Christopher Ward	Board of Directors
Kevin Gluskie	Board of Directors
Dr. Dominik Von Achten	Board of Directors