Pfeiffer Vacuum Technology AG (XTER:PFV) ROCE % : 17.85% (As of Sep. 2023)

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What is Pfeiffer Vacuum Technology 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. Pfeiffer Vacuum Technology AG's annualized ROCE % for the quarter that ended in Sep. 2023 was 17.85%.

Pfeiffer Vacuum Technology AG ROCE % Historical Data

The historical data trend for Pfeiffer Vacuum Technology 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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Pfeiffer Vacuum Technology AG ROCE % Chart

Pfeiffer Vacuum Technology AG Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

ROCE %

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20.54

12.74

8.49

17.34

21.36

Pfeiffer Vacuum Technology AG Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
ROCE %	Get a 7-Day Free Trial															24.17	17.59	21.89	15.92	17.85

Pfeiffer Vacuum Technology AG ROCE % Calculation

Pfeiffer Vacuum Technology AG's annualized ROCE % for the fiscal year that ended in Dec. 2022 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2022 )		(A: Dec. 2021 )		(A: Dec. 2022 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2022 )		(A: Dec. 2021 )		(A: Dec. 2022 )
	=	119.706	/	( ( (707.876 - 168.364)	+	(863.732 - 282.25) )	/ 2 )
	=	119.706	/	( (539.512	+	581.482)	/ 2 )
	=	119.706	/	560.497
	=	21.36 %

Pfeiffer Vacuum Technology AG'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 )
	=	122.808	/	( ( (914.238 - 296.822)	+	(961.852 - 203.583) )	/ 2 )
	=	122.808	/	( ( 617.416	+	758.269 )	/ 2 )
	=	122.808	/	687.8425
	=	17.85 %

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

Pfeiffer Vacuum Technology AG (XTER:PFV) 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.

Pfeiffer Vacuum Technology AG ROCE % Related Terms

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Pfeiffer Vacuum Technology AG (XTER:PFV) Business Description

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GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Pfeiffer Vacuum Technology AG (XTER:PFV) » Definitions » ROCE %

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PFFVF:USA 1PFV:Italy 0FQR:UK

Address

Berliner Strasse 43, Asslar, HE, DEU, 35614

Website

https://group.pfeiffer-vacuum.com

Pfeiffer Vacuum Technology AG is a Germany-based company that develops, manufactures, and markets parts and systems for vacuum generation, measurement, and analysis, and for leak detection. The company has an extensive line of solutions, products, and services, including turbo pumps, backing pumps, custom pumps, measurement and analysis equipment, and others. The company's customers primarily come from applications including semiconductors, coating, industrial purposes, and others. The company markets its products through its proprietary sales network and independent marketing agents. Pfeiffer Vacuum Technology has a global presence, with Europe, the United States, and Asia being the three biggest markets for the company.

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