2invest AG (FRA:2INV) ROCE % : 22.16% (As of Dec. 2023)

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What is 2invest 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. 2invest AG's annualized ROCE % for the quarter that ended in Dec. 2023 was 22.16%.

2invest AG ROCE % Historical Data

The historical data trend for 2invest 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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2invest AG ROCE % Chart

2invest AG Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-61.57

84.88

-2.11

-28.86

2.43

2invest 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															-3.56	-48.69	-9.20	-17.30	22.16

2invest AG ROCE % Calculation

2invest 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 )
	=	1.526	/	( ( (61.974 - 0.015)	+	(64.175 - 0.703) )	/ 2 )
	=	1.526	/	( (61.959	+	63.472)	/ 2 )
	=	1.526	/	62.7155
	=	2.43 %

2invest 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 )
	=	13.328	/	( ( (56.823 - 0.006)	+	(64.175 - 0.703) )	/ 2 )
	=	13.328	/	( ( 56.817	+	63.472 )	/ 2 )
	=	13.328	/	60.1445
	=	22.16 %

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

2invest AG (FRA:2INV) 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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2invest AG (FRA:2INV) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » 2invest AG (FRA:2INV) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

2INV:Germany

Address

Ziegelhauser Landstr. 3, Heidelberg, BW, DEU, 69120

Website

https://www.2invest-ag.com

2invest AG is engaged in the acquisition, management, and sale of investments in corporations and partnerships, especially but not exclusively in the biotechnology, life science, and IT sectors in Germany and abroad.

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