Cerinnov Group (XPAR:ALPCV) ROCE % : 6.70% (As of Dec. 2023)

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What is Cerinnov Group 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. Cerinnov Group's annualized ROCE % for the quarter that ended in Dec. 2023 was 6.70%.

Cerinnov Group ROCE % Historical Data

The historical data trend for Cerinnov Group'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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Cerinnov Group ROCE % Chart

Cerinnov Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-10.04

-26.37

-10.41

-1.33

4.50

Cerinnov Group Semi-Annual Data
	Dec14	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
ROCE %	Get a 7-Day Free Trial													-4.89	-9.89	11.26	-0.60	6.70

Cerinnov Group ROCE % Calculation

Cerinnov Group'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 )
	=	0.227	/	( ( (21.102 - 16.144)	+	(17.884 - 12.743) )	/ 2 )
	=	0.227	/	( (4.958	+	5.141)	/ 2 )
	=	0.227	/	5.0495
	=	4.50 %

Cerinnov Group'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 )
	=	0.498	/	( ( (18.573 - 8.838)	+	(17.884 - 12.743) )	/ 2 )
	=	0.498	/	( ( 9.735	+	5.141 )	/ 2 )
	=	0.498	/	7.438
	=	6.70 %

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

Cerinnov Group (XPAR:ALPCV) 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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Cerinnov Group (XPAR:ALPCV) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Cerinnov Group SA (XPAR:ALPCV) » Definitions » ROCE %

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Traded in Other Exchanges

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Address

2 rue Columbia, Parc d'Ester, Limoges, FRA, 87068

Website

http://www.cerinnov.com

Cerinnov Group SA is engaged in the manufacturing of production equipment. The company's products include shaping machines, laser machine, decoration machine, customized equipment.

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