ElringKlinger AG (XTER:ZIL2) ROCE % : 0.00% (As of Dec. 2023)

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What is ElringKlinger 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. ElringKlinger AG's annualized ROCE % for the quarter that ended in Dec. 2023 was 0.00%.

ElringKlinger AG ROCE % Historical Data

The historical data trend for ElringKlinger 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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ElringKlinger AG ROCE % Chart

ElringKlinger AG Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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3.97

0.20

7.58

-2.66

5.85

ElringKlinger AG Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial															-7.56	6.41	7.27	9.58	-

ElringKlinger AG ROCE % Calculation

ElringKlinger 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 )
	=	82.757	/	( ( (2046.58 - 569.872)	+	(2008.177 - 653.757) )	/ 2 )
	=	82.757	/	( (1476.708	+	1354.42)	/ 2 )
	=	82.757	/	1415.564
	=	5.85 %

ElringKlinger 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: Sep. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	-0.04	/	( ( (2025.03 - 701.54)	+	(2008.177 - 653.757) )	/ 2 )
	=	-0.04	/	( ( 1323.49	+	1354.42 )	/ 2 )
	=	-0.04	/	1338.955
	=	-0.00 %

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

ElringKlinger AG (XTER:ZIL2) 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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ElringKlinger AG (XTER:ZIL2) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » ElringKlinger AG (XTER:ZIL2) » Definitions » ROCE %

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ELLRY:USA EGKLF:USA 0MG5:UK

Address

Max-Eyth-Strasse 2, Dettingen an der Erms, DEU, 72581

Website

https://www.elringklinger.com

ElringKlinger AG is a supplier of original equipment parts for vehicles and engines. The company produces cylinder heads and specialty gaskets, plastic housing modules, shielding components for engines, transmissions, exhaust systems, exhaust gas purification technology as well as battery and fuel cell components. Erling Klinger also offers its product to customers in the aftermarkets. The segment of the company revenue is the original equipment division, while the majority of sales are generated outside its domestic German market.

Executives

Klaus Eberhardt

Supervisory Board

ElringKlinger AG (XTER:ZIL2) Headlines

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