Elma Electronic AG (XSWX:ELMN) ROCE % : 16.59% (As of Dec. 2023)

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What is Elma Electronic 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. Elma Electronic AG's annualized ROCE % for the quarter that ended in Dec. 2023 was 16.59%.

Elma Electronic AG ROCE % Historical Data

The historical data trend for Elma Electronic 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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Elma Electronic AG ROCE % Chart

Elma Electronic AG Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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11.02

10.80

13.71

6.83

9.41

Elma Electronic 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															17.92	3.39	10.15	2.42	16.59

Elma Electronic AG ROCE % Calculation

Elma Electronic 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 )
	=	7.004	/	( ( (104.204 - 29.814)	+	(110.874 - 36.418) )	/ 2 )
	=	7.004	/	( (74.39	+	74.456)	/ 2 )
	=	7.004	/	74.423
	=	9.41 %

Elma Electronic 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 )
	=	12.228	/	( ( (111.447 - 38.472)	+	(110.874 - 36.418) )	/ 2 )
	=	12.228	/	( ( 72.975	+	74.456 )	/ 2 )
	=	12.228	/	73.7155
	=	16.59 %

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

Elma Electronic AG (XSWX:ELMN) 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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Elma Electronic AG (XSWX:ELMN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Elma Electronic AG (XSWX:ELMN) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

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Address

Hofstrasse 93, Wetzikon, CHE, 8620

Website

http://www.elma.com

Elma Electronic AG is a Switzerland-based company. It acts as a manufacturer of electronic packaging products for the embedded systems market from components, backplanes, storage boards and chassis platforms to fully integrated systems. The product line of the company includes embedded boards such as mass storage, ethernet and PCIe switches, architecture solutions, embedded computing systems, system accessories, and rack level services. It also offers engineering services, contract manufacturing, system integration, customization and other services.

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