Aggreko (LSE:AGK) ROCE % : 10.01% (As of Dec. 2020)

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What is Aggreko 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. Aggreko's annualized ROCE % for the quarter that ended in Dec. 2020 was 10.01%.

Aggreko ROCE % Historical Data

The historical data trend for Aggreko'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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Aggreko ROCE % Chart

Aggreko Annual Data

Trend

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

ROCE %

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10.64

9.16

11.20

12.20

-1.97

Aggreko Semi-Annual Data
	Jun11	Dec11	Jun12	Dec12	Jun13	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20
ROCE %	Get a 7-Day Free Trial															14.70	7.90	16.19	-12.73	10.01

Aggreko ROCE % Calculation

Aggreko's annualized ROCE % for the fiscal year that ended in Dec. 2020 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2020 )		(A: Dec. 2019 )		(A: Dec. 2020 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2020 )		(A: Dec. 2019 )		(A: Dec. 2020 )
	=	-35	/	( ( (2511 - 528)	+	(2154 - 580) )	/ 2 )
	=	-35	/	( (1983	+	1574)	/ 2 )
	=	-35	/	1778.5
	=	-1.97 %

Aggreko's ROCE % of for the quarter that ended in Dec. 2020 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2020 )		(Q: Jun. 2020 )		(Q: Dec. 2020 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2020 )		(Q: Jun. 2020 )		(Q: Dec. 2020 )
	=	162	/	( ( (2331 - 669)	+	(2154 - 580) )	/ 2 )
	=	162	/	( ( 1662	+	1574 )	/ 2 )
	=	162	/	1618
	=	10.01 %

(1) Note: The EBIT data used here is two times the semi-annual (Dec. 2020) EBIT data.

Aggreko (LSE:AGK) 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.

Aggreko ROCE % Related Terms

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Aggreko (LSE:AGK) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Aggreko PLC (LSE:AGK) » Definitions » ROCE %

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N/A

Address

120 Bothwell Street, 8th Floor, Glasgow, GBR, G2 7JS

Website

https://www.plc.aggreko.com

Aggreko PLC is a provider of cooling and heating rental equipment. The company operates two business units: rental solutions and power solutions. Rental solutions offer power, heating, and cooling equipment to customers in developed markets on a rental basis. Power solutions, the slightly larger business unit by revenue, operates in emerging markets and serves industrial and utility customers with large and complex solutions to their power requirements. Aggreko serves customers in utilities, oil and gas, mining, events, petrochemical and refining, manufacturing, and other sectors worldwide. The company generates the lion's share of its revenue in North America, followed by Africa, Asia, and the Middle East.

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