O'Reilly Automotive (FRA:OM6) ROCE % : 48.42% (As of Mar. 2024)

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What is O'Reilly Automotive 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. O'Reilly Automotive's annualized ROCE % for the quarter that ended in Mar. 2024 was 48.42%.

O'Reilly Automotive ROCE % Historical Data

The historical data trend for O'Reilly Automotive'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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O'Reilly Automotive ROCE % Chart

O'Reilly Automotive Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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37.70

36.85

49.91

53.54

53.71

O'Reilly Automotive 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															51.39	60.98	64.03	48.28	48.42

O'Reilly Automotive ROCE % Calculation

O'Reilly Automotive'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 )
	=	2940.285	/	( ( (11920.812 - 6668.243)	+	(12721.536 - 7025.461) )	/ 2 )
	=	2940.285	/	( (5252.569	+	5696.075)	/ 2 )
	=	2940.285	/	5474.322
	=	53.71 %

O'Reilly Automotive'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 )
	=	2787.74	/	( ( (12721.536 - 7025.461)	+	(13076.01 - 7257.322) )	/ 2 )
	=	2787.74	/	( ( 5696.075	+	5818.688 )	/ 2 )
	=	2787.74	/	5757.3815
	=	48.42 %

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

O'Reilly Automotive (FRA:OM6) 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.

O'Reilly Automotive ROCE % Related Terms

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O'Reilly Automotive (FRA:OM6) Business Description

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Comparable Companies

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ORLY:USA ORLY:Mexico OM6:Germany ORLY34:Brazil ORLY:Austria

Address

233 South Patterson Avenue, Springfield, MO, USA, 65802

Website

https://www.oreillyauto.com

O'Reilly Automotive is one of the largest sellers of aftermarket automotive parts, tools, and accessories, serving professional and DIY customers (44% and 56% of 2022 sales, respectively). The company sells branded as well as own-label products, with the latter category comprising nearly half of sales. O'Reilly had 5,971 stores as of the end of 2022, spread across 47 U.S. states and including 42 stores in Mexico. The firm serves professional and DIY customers through its stores and also employs approximately 725 sales personnel targeting commercial buyers.

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