HELLA GmbH KGaA (XTER:HLE) ROCE % : 25.72% (As of Sep. 2023)

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What is HELLA GmbH KGaA 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. HELLA GmbH KGaA's annualized ROCE % for the quarter that ended in Sep. 2023 was 25.72%.

HELLA GmbH KGaA ROCE % Historical Data

The historical data trend for HELLA GmbH KGaA'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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HELLA GmbH KGaA ROCE % Chart

HELLA GmbH KGaA Annual Data

Trend

May12

May13

May14

May15

May16

May17

May18

May19

May20

May21

ROCE %

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13.36

14.23

18.88

-8.41

11.51

HELLA GmbH KGaA Quarterly Data
	Nov18	Feb19	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Mar23	Jun23	Sep23
ROCE %	Get a 7-Day Free Trial															7.89	7.95	10.07	12.41	25.72

HELLA GmbH KGaA ROCE % Calculation

HELLA GmbH KGaA's annualized ROCE % for the fiscal year that ended in May. 2021 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: May. 2021 )		(A: May. 2020 )		(A: May. 2021 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: May. 2021 )		(A: May. 2020 )		(A: May. 2021 )
	=	473.142	/	( ( (5692.771 - 1759.75)	+	(6058.19 - 1771.501) )	/ 2 )
	=	473.142	/	( (3933.021	+	4286.689)	/ 2 )
	=	473.142	/	4109.855
	=	11.51 %

HELLA GmbH KGaA's ROCE % of for the quarter that ended in Sep. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2023 )		(Q: Jun. 2023 )		(Q: Sep. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2023 )		(Q: Jun. 2023 )		(Q: Sep. 2023 )
	=	1105.452	/	( ( (7031.805 - 2765.397)	+	(7046.3 - 2715.381) )	/ 2 )
	=	1105.452	/	( ( 4266.408	+	4330.919 )	/ 2 )
	=	1105.452	/	4298.6635
	=	25.72 %

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

HELLA GmbH KGaA (XTER:HLE) 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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HELLA GmbH KGaA (XTER:HLE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » HELLA GmbH & Co KGaA (XTER:HLE) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

0R3U:UK HLE:Austria

Address

Rixbecker Strasse 75, Lippstadt, NW, DEU, 59552

Website

https://www.hella.com

HELLA GmbH & Co KGaA is a manufacturer of lighting and electronic components and systems for the automotive industry. The company also produces complete vehicle modules, air-conditioning systems, and vehicle electrical systems in its joint-venture companies, as well as products for specialist vehicles. Further, Hella operates a trade organisation for automotive parts, accessories, diagnosis, and services in Europe. The company is controlled through a pooled family majority shareholding in the group. The company has three reportable segments which are Lighting, Electronics and Lifecycle Solutions. The company generates majority of the revenue from Lighting segment.

Executives

Charlotte Sötje	Supervisory Board
Christoph Thomas	Supervisory Board

HELLA GmbH KGaA (XTER:HLE) Headlines

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