Birkenstock Holding (Birkenstock Holding) ROCE % : 3.27% (As of Dec. 2023)

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What is Birkenstock Holding 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. Birkenstock Holding's annualized ROCE % for the quarter that ended in Dec. 2023 was 3.27%.

Birkenstock Holding ROCE % Historical Data

The historical data trend for Birkenstock Holding'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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Birkenstock Holding ROCE % Chart

Birkenstock Holding Annual Data

Trend

Sep20

Sep21

Sep22

Sep23

ROCE %

-6.74

9.92

7.22

6.45

Birkenstock Holding Quarterly Data
	Sep20	Sep21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial					1.36	9.59	10.93	3.72	3.27

Birkenstock Holding ROCE % Calculation

Birkenstock Holding's annualized ROCE % for the fiscal year that ended in Sep. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Sep. 2023 )		(A: Sep. 2022 )		(A: Sep. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Sep. 2023 )		(A: Sep. 2022 )		(A: Sep. 2023 )
	=	295.557	/	( ( (4741.215 - 320.758)	+	(5152.049 - 404.035) )	/ 2 )
	=	295.557	/	( (4420.457	+	4748.014)	/ 2 )
	=	295.557	/	4584.2355
	=	6.45 %

Birkenstock Holding'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 )
	=	155.16	/	( ( (5152.049 - 404.035)	+	(5085.001 - 347.466) )	/ 2 )
	=	155.16	/	( ( 4748.014	+	4737.535 )	/ 2 )
	=	155.16	/	4742.7745
	=	3.27 %

(1) Note: The EBIT data used here is four times the quarterly (Dec. 2023) EBIT data.

Birkenstock Holding (NYSE:BIRK) 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.

Birkenstock Holding ROCE % Related Terms

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Birkenstock Holding (Birkenstock Holding) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Birkenstock Holding PLC (NYSE:BIRK) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

7PV:Germany 7PV:Germany 7PV:Germany

Address

1-2 Berkeley Square, London, GBR, W1J 6EA

Website

https://www.birkenstock-holding.com

Birkenstock Holding PLC is a company that manufactures and sells footbed-based products, including sandals, closed-toe silhouettes, and other products, such as skincare and accessories, for everyday, leisure, and work. The company operates in four operating segments based on its regional hubs: Americas, Europe and APMA (Asia Pacific, Middle East and Africa). The company sells its products through two main channels: business-to-business (B2B) and direct-to-consumer (DTC).

Birkenstock Holding (Birkenstock Holding) Headlines

From GuruFocus

Birkenstock Announces Fourth Quarter and Full Fiscal Year 2023 Results Date and Conference Call

By ACCESSWIRE • 01-08-2024