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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. Barnes Group's annualized ROCE % for the quarter that ended in Dec. 2023 was 4.09%.
The historical data trend for Barnes Group'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.
Barnes Group Annual Data | |||||||||||||||||||||
Trend | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | |||||||||||
ROCE % | Get a 7-Day Free Trial | 9.39 | 4.92 | 6.20 | 2.41 | 3.64 |
Barnes Group Quarterly Data | ||||||||||||||||||||
Mar19 | Jun19 | Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | |
ROCE % | Get a 7-Day Free Trial | 4.54 | 4.14 | 5.46 | 1.74 | 4.09 |
Barnes Group'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 ) | |||||
= | 91.435 | / | ( ( (2413.73 - 305.073) | + | (3308.014 - 396.61) ) | / 2 ) | |
= | 91.435 | / | ( (2108.657 | + | 2911.404) | / 2 ) | |
= | 91.435 | / | 2510.0305 | ||||
= | 3.64 % |
Barnes Group'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: Sep. 2023 ) | (Q: Dec. 2023 ) | |||||
= | EBIT | / | ( ( (Total Assets - Total Current Liabilities) | + | (Total Assets - Total Current Liabilities) ) | / count ) | |
(Q: Dec. 2023 ) | (Q: Sep. 2023 ) | (Q: Dec. 2023 ) | |||||
= | 118.9 | / | ( ( (3277.334 - 380.589) | + | (3308.014 - 396.61) ) | / 2 ) | |
= | 118.9 | / | ( ( 2896.745 | + | 2911.404 ) | / 2 ) | |
= | 118.9 | / | 2904.0745 | ||||
= | 4.09 % |
(1) Note: The EBIT data used here is four times the quarterly (Dec. 2023) 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.
Barnes Group (NYSE:B) 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 Barnes Group's ROCE % provided by GuruFocus.com. Please click on the following links to see related term pages.
Mylle H Mangum | director | 3231 S E SIXTH AVENUE, TOPEKA KS 66607 |
Thomas O Barnes | director | C/O BARNES GROUP INC, PO BOX 489, BRISTOL CT 06011-0489 |
Hans-peter Manner | director | 123 MAIN STREET, BRISTOL CT 06010 |
Marian Acker | officer: VP, Controller | 123 MAIN STREET, BRISTOL CT 06010 |
Jay B Knoll | officer: SVP, Gen. Counsel & Secretary | 2225 W CHANDLER BLVD, CHANDLER AZ 85224 |
Thomas J Hook | director | 810 INNOVATION DR, KNOXVILLE TN 37932 |
Elijah Kent Barnes | director | 123 MAIN STREET, BRISTOL CT 06010 |
Neal J Keating | director | C/O KAMAN CORPORATION, PO BOX 1, BLOOMFIELD CT 06002 |
Julie K Streich | officer: SVP, Finance and CFO | 123 MAIN STREET, BRISTOL CT 06010 |
Dawn N Edwards | officer: SVP, Human Resources | 123 MAIN STREET, BRISTOL CT 06010 |
Richard J Hipple | director | 10035 HUNTING DRIVE, BRECKSVILLE OH 44141 |
Ian Malcolm Reason | officer: SVP, BGI; Pres., Barnes Aero | C/O BARNES GROUP INC., 123 MAIN STREET, BRISTOL CT 06010 |
Michael Andrew Beck | officer: SVP, BGI; Pres., Barnes Aero | 123 MAIN STREET, BRISTOL CT 06010 |
Jakki L. Haussler | director | 221 EAST FOURTH STREET, CINCINNATI OH 45202 |
Lukas Hovorka | officer: SVP, Corporate Development | 123 MAIN STREET, BRISTOL CT 06010 |
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