Wüstenrot & Württembergische AG ROCE
What is the ROCE of Wüstenrot & Württembergische AG?
The ROCE of Wüstenrot & Württembergische AG is 1.10%
What is the definition of ROCE?
Return on capital employed (ROCE) is a financial ratio that measures a company’s profitability and the efficiency with which its capital is used.
= EBIT / (assets - current liabilities)
Return on capital employed (ROCE) is the total amount of capital that a company has utilized in order to generate profits. It is the sum of shareholders' equity and debt liabilities. It can be simplified as total assets minus current liabilities.
ROCE is especially useful when comparing the performance of companies in capital-intensive sectors. ROCE considers debt and other liabilities as well compared to other fundamentals which only analyze profitability related to a company’s common equity. This provides a better indication of financial performance for companies with significant debt. For a company, the ROCE trend over the years is also an important indicator of performance. In general, investors tend to favor companies with stable and rising ROCE numbers over companies where ROCE is volatile and bounces around from one year to the next.
Instead of using capital employed at an arbitrary point in time, analysts and investors often calculate ROCE based on the average capital employed (ROACE), which takes the average of opening and closing capital employed for the time period.
ROCE of companies in the Finance sector on XETRA compared to Wüstenrot & Württembergische AG
What does Wüstenrot & Württembergische AG do?
Wüstenrot & Württembergische AG, together with its subsidiaries, provides insurance products and services in Germany, the Czech Republic, and internationally. It operates through Housing, Life and Health Insurance, Property/Casualty Insurance, and All Other segments. The Housing segment offers home loan savings and banking products primarily for retail customers, such as home loan savings contracts, bridging loans, and mortgage loans. The Life and Health Insurance segment provides life and health insurance products for individuals and groups, including classic and unit-linked life and annuity insurance, term insurance, classic and unit-linked Riester and basic pensions, and occupational disability insurance, as well as full and supplementary private health insurance and nursing care insurance. The Property/Casualty Insurance segment offers various insurance products for retail and corporate customers, including general liability, casualty, motor, household, residential building, legal expenses, transport, and technical insurance. The All Other segment provides asset management and property development services; and markets home loan savings and banking products. The company distributes its products and services through partners, brokers, and its mobile sales force, as well as through online sales channels. Wüstenrot & Württembergische AG was founded in 1828 and is headquartered in Stuttgart, Germany.
Companies with roce similar to Wüstenrot & Württembergische AG
- Citizens Community Bancorp Inc MD has ROCE of 1.09%
- Assicurazioni Generali SpA has ROCE of 1.09%
- Maharashtra Scooters has ROCE of 1.09%
- GoHealth has ROCE of 1.09%
- J. C. Penney Co has ROCE of 1.09%
- Pargesa SA has ROCE of 1.09%
- Wüstenrot & Württembergische AG has ROCE of 1.10%
- Strategic Minerals Plc has ROCE of 1.11%
- Dishman Carbogen Amcis has ROCE of 1.11%
- Premier has ROCE of 1.11%
- Encore Capital has ROCE of 1.11%
- American National Bankshares has ROCE of 1.11%
- Mackinac has ROCE of 1.11%