Bystronic AG (XSWX:BYS) ROCE % : 8.96% (As of Dec. 2023)

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What is Bystronic 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. Bystronic AG's annualized ROCE % for the quarter that ended in Dec. 2023 was 8.96%.

Bystronic AG ROCE % Historical Data

The historical data trend for Bystronic 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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Bystronic AG ROCE % Chart

Bystronic AG Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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17.85

9.23

8.64

6.31

8.11

Bystronic 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															10.12	2.94	10.48	7.40	8.96

Bystronic AG ROCE % Calculation

Bystronic 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 )
	=	62.1	/	( ( (1142.5 - 375.4)	+	(1024.1 - 259.1) )	/ 2 )
	=	62.1	/	( (767.1	+	765)	/ 2 )
	=	62.1	/	766.05
	=	8.11 %

Bystronic 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 )
	=	68	/	( ( (1103.8 - 351.3)	+	(1024.1 - 259.1) )	/ 2 )
	=	68	/	( ( 752.5	+	765 )	/ 2 )
	=	68	/	758.75
	=	8.96 %

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

Bystronic AG (XSWX:BYS) 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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Bystronic AG (XSWX:BYS) Business Description

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GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Bystronic AG (XSWX:BYS) » Definitions » ROCE %

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BYSz:UK

Address

Giesshuebelstrasse 45, Zurich, CHE, CH-8045

Website

https://www.bystronic.com

Bystronic AG, formerly Conzzeta AG is a Switzerland-based company that operates in the area of sheet metal processing. The company focus on the automation of the complete material and data flow of the cutting and bending process chain. The intelligent connectivity of it's laser cutting systems and pressbrakes with automation, software, and service solutions is the key to comprehensive digitalization in the sheet metal industry. It's development and production locations are in Sulgen (Switzerland), Gotha (Germany), Cazzago San Martino and San Giuliano Milanese (Italy), Tianjin and Shenzhen (China), and Hoffman Estates (USA).

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