Surteco Group SE (XTER:SUR) ROCE % : 5.86% (As of Mar. 2024)

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What is Surteco Group SE 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. Surteco Group SE's annualized ROCE % for the quarter that ended in Mar. 2024 was 5.86%.

Surteco Group SE ROCE % Historical Data

The historical data trend for Surteco Group SE'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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Surteco Group SE ROCE % Chart

Surteco Group SE Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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3.56

7.34

12.03

6.30

1.24

Surteco Group SE 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															4.06	-	-1.81	2.96	5.86

Surteco Group SE ROCE % Calculation

Surteco Group SE'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 )
	=	9.822	/	( ( (851.859 - 114.692)	+	(1041.788 - 199.87) )	/ 2 )
	=	9.822	/	( (737.167	+	841.918)	/ 2 )
	=	9.822	/	789.5425
	=	1.24 %

Surteco Group SE'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 )
	=	49.608	/	( ( (1041.788 - 199.87)	+	(1074.936 - 223.475) )	/ 2 )
	=	49.608	/	( ( 841.918	+	851.461 )	/ 2 )
	=	49.608	/	846.6895
	=	5.86 %

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

Surteco Group SE (XTER:SUR) 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.

Surteco Group SE ROCE % Related Terms

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Surteco Group SE (XTER:SUR) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Surteco Group SE (XTER:SUR) » Definitions » ROCE %

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Traded in Other Exchanges

SUR:Germany SUR:Germany

Address

Johan-Viktor-Bausch-Strasse 2, Buttenwiesen, BY, DEU, 86647

Website

https://www.surteco.com

Surteco Group SE is engaged in the surface technology sector. The company primarily acts as a developer, designer, producer, and marketer of surface materials based on paper and plastics. Its operating segment includes Decoratives; Profiles and Technicals. The company generates maximum revenue from the Decoratives segment. Geographically, it has a presence in Germany, America, Australia/Asia, and the rest of Europe.

Surteco Group SE (XTER:SUR) Headlines

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