Corteva (LTS:0A1W) ROCE % : 17.42% (As of Jun. 2024)

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What is Corteva 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. Corteva's annualized ROCE % for the quarter that ended in Jun. 2024 was 17.42%.

Corteva ROCE % Historical Data

The historical data trend for Corteva'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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Corteva ROCE % Chart

Corteva Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-0.28

2.01

7.37

4.81

4.06

Corteva Quarterly Data
	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
ROCE %	Get a 7-Day Free Trial															14.03	-4.67	-3.16	6.46	17.42

Corteva ROCE % Calculation

Corteva'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 )
	=	1215.942	/	( ( (40231.392 - 10142.336)	+	(39427.332 - 9545.053) )	/ 2 )
	=	1215.942	/	( (30089.056	+	29882.279)	/ 2 )
	=	1215.942	/	29985.6675
	=	4.06 %

Corteva's ROCE % of for the quarter that ended in Jun. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jun. 2024 )		(Q: Mar. 2024 )		(Q: Jun. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jun. 2024 )		(Q: Mar. 2024 )		(Q: Jun. 2024 )
	=	5217.264	/	( ( (40135 - 10425.44)	+	(38520.056 - 8317.337) )	/ 2 )
	=	5217.264	/	( ( 29709.56	+	30202.719 )	/ 2 )
	=	5217.264	/	29956.1395
	=	17.42 %

(1) Note: The EBIT data used here is four times the quarterly (Jun. 2024) EBIT data.

Corteva (LTS:0A1W) 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.

Corteva ROCE % Related Terms

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Corteva Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Agriculture » Corteva Inc (LTS:0A1W) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

CTVA:USA CTVA:Mexico 2X0:Germany C1TV34:Brazil CTVA:Austria

Address

974 Centre Road, Wilmington, DE, USA, 19805

Website

https://www.corteva.com

Corteva is an agricultural inputs pure play that was formed in 2019 when it was spun off from DowDuPont. The company is a leader in the development of new seed and crop protection products. Seeds generate the majority of profits with the remainder coming from crop protection products. Corteva operates globally, but around half of revenue comes from North America.

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