Carrier Global (BSP:C1RR34) ROCE % : 7.14% (As of Mar. 2024)

View and export this data going back to 2020. Start your Free Trial

What is Carrier Global 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. Carrier Global's annualized ROCE % for the quarter that ended in Mar. 2024 was 7.14%.

Carrier Global ROCE % Historical Data

The historical data trend for Carrier Global'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.

* Premium members only.

Carrier Global ROCE % Chart

Carrier Global Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

Get a 7-Day Free Trial

14.07

18.39

12.82

22.34

10.32

Carrier Global 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															11.41	9.83	13.63	11.58	7.14

Carrier Global ROCE % Calculation

Carrier Global'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 )
	=	11984.911	/	( ( (136831.504 - 31640.253)	+	(160821.236 - 33764.522) )	/ 2 )
	=	11984.911	/	( (105191.251	+	127056.714)	/ 2 )
	=	11984.911	/	116123.9825
	=	10.32 %

Carrier Global'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 )
	=	10258.388	/	( ( (160821.236 - 33764.522)	+	(203225.638 - 43010.533) )	/ 2 )
	=	10258.388	/	( ( 127056.714	+	160215.105 )	/ 2 )
	=	10258.388	/	143635.9095
	=	7.14 %

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

Carrier Global (BSP:C1RR34) 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.

Carrier Global ROCE % Related Terms

Thank you for viewing the detailed overview of Carrier Global's ROCE % provided by GuruFocus.com. Please click on the following links to see related term pages.

Carrier Global (BSP:C1RR34) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Carrier Global Corp (BSP:C1RR34) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

CARR:USA CARR:Mexico 4PN:Germany CARG:Austria

Address

13995 Pasteur Boulevard, Palm Beach Gardens, FL, USA, 33418

Website

https://www.corporate.carrier.com

Carrier Global manufactures heating, ventilation, and air conditioning, refrigeration, and fire and security products. The HVAC business serves both residential and commercial markets (HVAC segment sales mix is 60% commercial and 40% residential). Carrier's refrigeration segment consists of its transportation refrigeration, Sensitech supply chain monitoring, and commercial refrigeration businesses. The firm's fire and security business manufactures fire detection and suppression, access controls, and intrusion detection products. In April 2023, Carrier announced that it plans to divest its fire and security and commercial refrigeration businesses. The firm also announced the pending acquisition of Germany-based Viessmann for approximately $13 billion.

Carrier Global (BSP:C1RR34) Headlines

No Headlines