Avemio AG (XTER:3D6) ROCE % : 18.85% (As of Jun. 2023)

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What is Avemio 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. Avemio AG's annualized ROCE % for the quarter that ended in Jun. 2023 was 18.85%.

Avemio AG ROCE % Historical Data

The historical data trend for Avemio 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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Avemio AG ROCE % Chart

Avemio AG Annual Data

Trend

Dec19

Dec20

Dec21

ROCE %

-13.83

-4,543.69

979.04

Avemio AG Semi-Annual Data
	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Jun23
ROCE %	Get a 7-Day Free Trial			-11,218.13	21.05	2,023.75	-9.44	18.85

Avemio AG ROCE % Calculation

Avemio AG's annualized ROCE % for the fiscal year that ended in Dec. 2021 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2021 )		(A: Dec. 2020 )		(A: Dec. 2021 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2021 )		(A: Dec. 2020 )		(A: Dec. 2021 )
	=	1.635	/	( ( (0.161 - 0.002)	+	(0.18 - 0.005) )	/ 2 )
	=	1.635	/	( (0.159	+	0.175)	/ 2 )
	=	1.635	/	0.167
	=	979.04 %

Avemio AG's ROCE % of for the quarter that ended in Jun. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jun. 2023 )		(Q: Jun. 2022 )		(Q: Jun. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jun. 2023 )		(Q: Jun. 2022 )		(Q: Jun. 2023 )
	=	1.37	/	( ( (0.17 - 0.006)	+	(35.082 - 20.709) )	/ 2 )
	=	1.37	/	( ( 0.164	+	14.373 )	/ 2 )
	=	1.37	/	7.2685
	=	18.85 %

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

Avemio AG (XTER:3D6) 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.

Avemio AG ROCE % Related Terms

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Avemio AG (XTER:3D6) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Avemio AG (XTER:3D6) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

3D6:Germany

Address

Königsallee 60f, Dusseldorf, DEU, 40212

Website

http://www.palgon.de

Avemio AG Formerly Palgon AG provides management consulting services. It offers marketing, distribution, and other services in the field of information technology, including the Internet and data processing and related fields. Further, the group is also involved in acquiring, selling, renting, and managing real estate.

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