IDEX (FRA:ID7) ROCE %

: 11.39% (As of Dec. 2023)

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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. IDEX's annualized ROCE % for the quarter that ended in Dec. 2023 was 11.39%.

IDEX ROCE % Historical Data

The historical data trend for IDEX'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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IDEX Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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17.78

13.21

15.20

17.31

15.50

IDEX 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															14.54	15.15	14.67	21.32	11.39

IDEX ROCE % Calculation

IDEX'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 )
	=	744.604	/	( ( (5203.234 - 513.158)	+	(5378.388 - 458.775) )	/ 2 )
	=	744.604	/	( (4690.076	+	4919.613)	/ 2 )
	=	744.604	/	4804.8445
	=	15.50 %

IDEX'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 )
	=	556.804	/	( ( (5312.415 - 456.788)	+	(5378.388 - 458.775) )	/ 2 )
	=	556.804	/	( ( 4855.627	+	4919.613 )	/ 2 )
	=	556.804	/	4887.62
	=	11.39 %

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

IDEX (FRA:ID7) 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.

IDEX ROCE % Related Terms

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IDEX (FRA:ID7) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » IDEX Corp (FRA:ID7) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

IEX:USA IEX:Mexico

Address

3100 Sanders Road, Suite 301, Northbrook, IL, USA, 60062

Website

https://www.idexcorp.com

Idex manufactures pumps, flow meters, valves, and fluidic systems for customers in a variety of end markets, including industrial, fire and safety, life science, and water. The firm's business is organized into three segments: fluid and metering technologies, health and science technologies, and fire and safety and diversified products. Based in Lake Forest, Illinois, Idex has manufacturing operations in over 20 countries and has over 7,000 employees. The company generated $3.2 billion in revenue and $763 million in adjusted operating income in 2022.

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