Ardagh Metal Packaging (Ardagh Metal Packaging) ROCE % : -0.77% (As of Dec. 2023)

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What is Ardagh Metal Packaging 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. Ardagh Metal Packaging's annualized ROCE % for the quarter that ended in Dec. 2023 was -0.77%.

Ardagh Metal Packaging ROCE % Historical Data

The historical data trend for Ardagh Metal Packaging'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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Ardagh Metal Packaging ROCE % Chart

Ardagh Metal Packaging Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

8.80

-1.72

9.22

2.11

Ardagh Metal Packaging Quarterly Data
	Dec19	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial											5.14	2.92	1.02	4.93	-0.77

Ardagh Metal Packaging ROCE % Calculation

Ardagh Metal Packaging'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 )
	=	90	/	( ( (5865 - 1464)	+	(5669 - 1522) )	/ 2 )
	=	90	/	( (4401	+	4147)	/ 2 )
	=	90	/	4274
	=	2.11 %

Ardagh Metal Packaging'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 )
	=	-32	/	( ( (5438 - 1275)	+	(5669 - 1522) )	/ 2 )
	=	-32	/	( ( 4163	+	4147 )	/ 2 )
	=	-32	/	4155
	=	-0.77 %

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

Ardagh Metal Packaging (NYSE:AMBP) 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.

Ardagh Metal Packaging ROCE % Related Terms

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Ardagh Metal Packaging (Ardagh Metal Packaging) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Packaging & Containers » Ardagh Metal Packaging SA (NYSE:AMBP) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

7JZ:Germany

Address

56, Rue Charles Martel, Luxembourg, LUX, L-2134

Website

https://www.ardaghmetalpackaging.com

Ardagh Metal Packaging SA is a supplier of infinitely recyclable, sustainable, metal beverage cans and ends to brand owners. The company's segment includes Europe and the Americas. It derives a majority of its revenue from the Americas.