Honeywell International (FRA:ALD) ROCE % : 15.52% (As of Dec. 2023)

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

What is Honeywell International 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. Honeywell International's annualized ROCE % for the quarter that ended in Dec. 2023 was 15.52%.

Honeywell International ROCE % Historical Data

The historical data trend for Honeywell International'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.

Honeywell International ROCE % Chart

Honeywell International Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

Get a 7-Day Free Trial

20.16

14.19

17.40

16.08

18.31

Honeywell International 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															12.19	18.42	19.08	19.63	15.52

Honeywell International ROCE % Calculation

Honeywell International'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 )
	=	7266.308	/	( ( (58787.6 - 18821.472)	+	(56418.425 - 17000.263) )	/ 2 )
	=	7266.308	/	( (39966.128	+	39418.162)	/ 2 )
	=	7266.308	/	39692.145
	=	18.31 %

Honeywell International'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 )
	=	6264.944	/	( ( (57434.352 - 16141.699)	+	(56418.425 - 17000.263) )	/ 2 )
	=	6264.944	/	( ( 41292.653	+	39418.162 )	/ 2 )
	=	6264.944	/	40355.4075
	=	15.52 %

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

Honeywell International (FRA:ALD) 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.

Honeywell International ROCE % Related Terms

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

Honeywell International (FRA:ALD) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Conglomerates » Honeywell International Inc (FRA:ALD) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

HON:USA HON:Mexico 1HON:Italy ALD:Germany ALD:Germany ALD:Germany HON:Chile HON:Canada HONB34:Brazil HON:Austria HON:Argentina

Address

855 South Mint Street, Charlotte, NC, USA, 28202

Website

https://www.honeywell.com

Honeywell traces its roots to 1885 with Albert Butz's firm, Butz-Thermo Electric Regulator, which produced a predecessor to the modern thermostat. Today, Honeywell is a global multi-industry behemoth with one of the largest installed bases of equipment. It operates through four business segments: aerospace, building technologies, performance materials and technologies, and safety and productivity solutions. In recent years, the firm has made several portfolio changes, including the addition of Intelligrated in 2016, as well as the spinoffs of Garrett Technologies and Resideo in 2018. In 2019, the firm launched Honeywell Forge, its enterprise performance management software solution that leverages the firm's domain expertise in buildings, airlines, and critical infrastructure.

Honeywell International (FRA:ALD) Headlines

From GuruFocus

David Einhorn and Reasons Why Widely Followed Stocks Get Mispriced

By John Huber John Huber • 12-01-2015