Fortive (BSP:F1TV34) ROCE % : 8.60% (As of Dec. 2023)

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What is Fortive 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. Fortive's annualized ROCE % for the quarter that ended in Dec. 2023 was 8.60%.

Fortive ROCE % Historical Data

The historical data trend for Fortive'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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Fortive ROCE % Chart

Fortive Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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3.98

13.61

6.31

7.22

7.63

Fortive Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial															8.74	7.20	8.31	8.77	8.60

Fortive ROCE % Calculation

Fortive'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 )
	=	5459.847	/	( ( (83352.553 - 14304.73)	+	(82864.438 - 8777.012) )	/ 2 )
	=	5459.847	/	( (69047.823	+	74087.426)	/ 2 )
	=	5459.847	/	71567.6245
	=	7.63 %

Fortive'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 )
	=	5997.356	/	( ( (77361.772 - 11951.654)	+	(82864.438 - 8777.012) )	/ 2 )
	=	5997.356	/	( ( 65410.118	+	74087.426 )	/ 2 )
	=	5997.356	/	69748.772
	=	8.60 %

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

Fortive (BSP:F1TV34) 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.

Fortive ROCE % Related Terms

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Fortive (BSP:F1TV34) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Fortive Corp (BSP:F1TV34) » Definitions » ROCE %

Comparable Companies

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FTV:USA FTV:Mexico F03:Germany

Address

6920 Seaway Boulevard, Everett, WA, USA, 98203

Website

https://www.fortive.com

Fortive is a diversified industrial technology firm with a broad portfolio of mission-critical products and services that include field solutions, product realization, health, and sensing technologies. The company serves a wide range of end markets, including manufacturing, utilities, medical, and electronics. Fortive generated roughly $5.8 billion in revenue and $1.4 billion in adjusted operating income in 2022.

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