Rockwell Automation (WBO:ROK) ROCE % : 17.86% (As of Mar. 2024)

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What is Rockwell Automation 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. Rockwell Automation's annualized ROCE % for the quarter that ended in Mar. 2024 was 17.86%.

Rockwell Automation ROCE % Historical Data

The historical data trend for Rockwell Automation'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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Rockwell Automation ROCE % Chart

Rockwell Automation Annual Data

Trend

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

ROCE %

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25.06

24.99

24.64

17.50

22.24

Rockwell Automation Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial															20.44	25.98	17.82	14.52	17.86

Rockwell Automation ROCE % Calculation

Rockwell Automation'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 )
	=	1633.941	/	( ( (10866.287 - 3607.922)	+	(10591.848 - 3153.286) )	/ 2 )
	=	1633.941	/	( (7258.365	+	7438.562)	/ 2 )
	=	1633.941	/	7348.4635
	=	22.24 %

Rockwell Automation'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 )
	=	1286.528	/	( ( (10392.636 - 3036.095)	+	(10457.916 - 3406.76) )	/ 2 )
	=	1286.528	/	( ( 7356.541	+	7051.156 )	/ 2 )
	=	1286.528	/	7203.8485
	=	17.86 %

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

Rockwell Automation (WBO:ROK) 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.

Rockwell Automation ROCE % Related Terms

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Rockwell Automation (WBO:ROK) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Rockwell Automation Inc (WBO:ROK) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

ROK:USA 1ROK:Italy RWL:Germany

Address

1201 South Second Street, Milwaukee, WI, USA, 53204

Website

https://www.rockwellautomation.com

Rockwell Automation is a pure-play automation competitor that is the successor entity to Rockwell International, which spun off its former Rockwell Collins avionics segment in 2001. As of fiscal 2021, the firm operates through three segments--intelligent devices, software and control, and lifecycle services. Intelligent devices contains its drives, sensors, and industrial components, software and control contains its information and network and security software, while lifecycle services contains its consulting and maintenance services as well as its Sensia JV with SLB.