Heico (BSP:H1EI34) ROCE % : 10.76% (As of Jan. 2024)

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What is Heico 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. Heico's annualized ROCE % for the quarter that ended in Jan. 2024 was 10.76%.

Heico ROCE % Historical Data

The historical data trend for Heico'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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Heico ROCE % Chart

Heico Annual Data

Trend

Oct14

Oct15

Oct16

Oct17

Oct18

Oct19

Oct20

Oct21

Oct22

Oct23

ROCE %

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18.89

14.40

12.02

14.10

12.14

Heico Quarterly Data
	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
ROCE %	Get a 7-Day Free Trial															12.90	14.15	12.55	13.54	10.76

Heico ROCE % Calculation

Heico's annualized ROCE % for the fiscal year that ended in Oct. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Oct. 2023 )		(A: Oct. 2022 )		(A: Oct. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Oct. 2023 )		(A: Oct. 2022 )		(A: Oct. 2023 )
	=	3176.455	/	( ( (21509.955 - 2210.394)	+	(36377.519 - 3363.903) )	/ 2 )
	=	3176.455	/	( (19299.561	+	33013.616)	/ 2 )
	=	3176.455	/	26156.5885
	=	12.14 %

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

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jan. 2024 )		(Q: Oct. 2023 )		(Q: Jan. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jan. 2024 )		(Q: Oct. 2023 )		(Q: Jan. 2024 )
	=	3558.592	/	( ( (36377.519 - 3363.903)	+	(36080.255 - 2971.06) )	/ 2 )
	=	3558.592	/	( ( 33013.616	+	33109.195 )	/ 2 )
	=	3558.592	/	33061.4055
	=	10.76 %

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

Heico (BSP:H1EI34) 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.

Heico ROCE % Related Terms

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Heico (BSP:H1EI34) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Aerospace & Defense » Heico Corp (BSP:H1EI34) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

HEI.A:USA HEI:USA HC1A:Germany HC1:Germany HC1:Germany

Address

3000 Taft Street, Hollywood, FL, USA, 33021

Website

https://www.heico.com

Heico is an aerospace and defense supplier that focuses on creating niche replacement parts for commercial aircraft and components for defense products. In commercial aerospace, Heico is the largest independent producer of replacement aircraft parts, primarily for engines. In the defense market, the company produces niche subcomponents used in targeting technology as well as simulation equipment, among other things. It operates as two segments: the flight support group,or FSG, and the electronic technologies group, or ETG, both of which supply the aerospace and defense sectors to different degrees. The company is highly acquisitive, focusing on companies in similar or adjacent markets that are generating strong cash flow with the potential for growth.

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