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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. ESAB's annualized ROCE % for the quarter that ended in Mar. 2024 was 12.30%.
The historical data trend for ESAB'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.
ESAB Annual Data | |||||||||||
Trend | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | ||||||
ROCE % | - | 7.65 | 11.23 | 11.71 | 13.47 |
ESAB Quarterly Data | |||||||||||||||
Dec19 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | Mar24 | |
ROCE % | Get a 7-Day Free Trial | 11.38 | 14.09 | 13.05 | 13.86 | 12.30 |
ESAB'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 ) | |||||
= | 428.276 | / | ( ( (3754.015 - 601.575) | + | (3828.629 - 620.082) ) | / 2 ) | |
= | 428.276 | / | ( (3152.44 | + | 3208.547) | / 2 ) | |
= | 428.276 | / | 3180.4935 | ||||
= | 13.47 % |
ESAB'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 ) | |||||
= | 393.992 | / | ( ( (3828.629 - 620.082) | + | (3827.489 - 631.302) ) | / 2 ) | |
= | 393.992 | / | ( ( 3208.547 | + | 3196.187 ) | / 2 ) | |
= | 393.992 | / | 3202.367 | ||||
= | 12.30 % |
(1) Note: The EBIT data used here is four times the quarterly (Mar. 2024) EBIT data.
* 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.
ESAB (NYSE:ESAB) 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.
Thank you for viewing the detailed overview of ESAB's ROCE % provided by GuruFocus.com. Please click on the following links to see related term pages.
Olivier Biebuyck | officer: President, EMEA | 909 ROSE AVENUE, SUITE 800, NORTH BETHESDA MD 20852 |
Shyam Kambeyanda | officer: President and CEO | 2711 CENTERVILLE ROAD, SUITE 400, WILMINGTON DE 19808 |
Michele Campion | officer: Chief Human Resources Officer | 909 ROSE AVENUE, SUITE 800, NORTH BETHESDA MD 20852 |
Rhonda L Jordan | director | KRAFT FOODS INC, THREE LAKES DRIVE, NORTHFIELD IL 60093 |
Kevin J Johnson | officer: Chief Financial Officer | 909 ROSE AVENUE, SUITE 800, NORTH BETHESDA MD 20852 |
Christopher M Hix | director | 2160 SATELLITE BLVD., SUITE 200, DULUTH GA 30097 |
Patrick W Allender | director | DANAHER CORP, 2099 PENNSYLVANIA AVE NW 12TH FL, WASHINGTON DC 20006 |
Rajiv Vinnakota | director | 8730 STONY POINT PARKWAY, SUITE 150, RICHMOND VA 23235 |
John P Dion | officer: SVP, ESAB Business Excellence | 909 ROSE AVE., 8TH FLOOR, NORTH BETHESDA MD 20852 |
Eleanor Lukens | officer: President, Americas | 909 ROSE AVE., 8TH FLOOR, NORTH BETHESDA MD 20852 |
Mitchell P Rales | director | 11790 GLEN ROAD, POTOMAC MD 20854 |
Curtis E Jewell | officer: SVP, General Counsel | 909 ROSE AVENUE, SUITE 800, NORTH BETHESDA MD 20852 |
Melissa Cummings | director | 909 ROSE AVENUE, SUITE 800, NORTH BETHESDA MD 20852 |
Stephanie M Phillipps | director | C/O THE PNC FINANCIAL SERVICES GROUP, 340 MADISON AVENUE, NEW YORK NY 10173 |
Didier P Teirlinck | director | INGERSOLL-RAND COMPANY, 155 CHESTNUT RIDGE ROAD, MONTVALE NJ 07645 |
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