The Shyft Group (FRA:SP8) ROCE % : -2.09% (As of Mar. 2024)

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What is The Shyft 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. The Shyft Group's annualized ROCE % for the quarter that ended in Mar. 2024 was -2.09%.

The Shyft Group ROCE % Historical Data

The historical data trend for The Shyft 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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The Shyft Group ROCE % Chart

The Shyft Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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19.47

16.88

30.38

13.92

1.96

The Shyft Group Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial															3.95	7.29	4.66	-8.27	-2.09

The Shyft Group ROCE % Calculation

The Shyft 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 )
	=	6.623	/	( ( (547.974 - 189.963)	+	(486.055 - 167.656) )	/ 2 )
	=	6.623	/	( (358.011	+	318.399)	/ 2 )
	=	6.623	/	338.205
	=	1.96 %

The Shyft Group's ROCE % of for the quarter that ended in Mar. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	-6.744	/	( ( (486.055 - 167.656)	+	(467.067 - 139.558) )	/ 2 )
	=	-6.744	/	( ( 318.399	+	327.509 )	/ 2 )
	=	-6.744	/	322.954
	=	-2.09 %

(1) Note: The EBIT data used here is four times the quarterly (Mar. 2024) EBIT data.

The Shyft Group (FRA:SP8) 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.

The Shyft Group ROCE % Related Terms

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The Shyft Group (FRA:SP8) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Farm & Heavy Construction Machinery » The Shyft Group Inc (FRA:SP8) » Definitions » ROCE %

Comparable Companies

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SHYF:USA

Address

41280 Bridge Street, Novi, MI, USA, 48375

Website

https://www.theshyftgroup.com

The Shyft Group Inc is engaged in specialty vehicle manufacturing and assembly for the commercial vehicle (including last-mile delivery, specialty service and vocation-specific upfit segments) and recreational vehicle industries. Its products include walk-in vans, truck bodies, and cargo van and pick-up truck upfits used in e-commerce/parcel delivery, upfit equipment used in the mobile retail and utility trades, as well as luxury Class A diesel motorhome custom chassis and contract manufacturing and assembly services. It also supply replacement parts and offer repair, maintenance, field service and refurbishment services for the vehicles that company manufacture.

The Shyft Group (FRA:SP8) Headlines

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