Essentra (LSE:ESNT) ROCE % : -0.10% (As of Dec. 2023)

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What is Essentra 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. Essentra's annualized ROCE % for the quarter that ended in Dec. 2023 was -0.10%.

Essentra ROCE % Historical Data

The historical data trend for Essentra'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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Essentra ROCE % Chart

Essentra Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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8.37

1.06

0.55

-1.38

3.54

Essentra Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
ROCE %	Get a 7-Day Free Trial															-2.44	1.05	-5.13	7.23	-0.10

Essentra ROCE % Calculation

Essentra'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 )
	=	17	/	( ( (893.4 - 356.7)	+	(536 - 113.4) )	/ 2 )
	=	17	/	( (536.7	+	422.6)	/ 2 )
	=	17	/	479.65
	=	3.54 %

Essentra'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: Jun. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Jun. 2023 )		(Q: Dec. 2023 )
	=	-0.4	/	( ( (542.3 - 127.9)	+	(536 - 113.4) )	/ 2 )
	=	-0.4	/	( ( 414.4	+	422.6 )	/ 2 )
	=	-0.4	/	418.5
	=	-0.10 %

(1) Note: The EBIT data used here is two times the semi-annual (Dec. 2023) EBIT data.

Essentra (LSE:ESNT) 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.

Essentra ROCE % Related Terms

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Essentra (LSE:ESNT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Essentra PLC (LSE:ESNT) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

FLRAF:USA ESNTl:UK HOF:Germany

Address

Langford Locks, Kidlington, Oxford, GBR, OX5 1HX

Website

https://www.essentraplc.com

Essentra PLC makes and sells components. The company organizes itself into three segments based on product type. The components segment includes small plastic and metal pieces for use in the industrial and consumer equipment sectors. The packaging segment provides product packaging to large- and mid-sized companies in the health and personal care sectors. The filters segment supplies tobacco filters, tobacco lab testing services, and tear tape for use in food and drink packaging. Essentra sells its products worldwide, and the majority of revenue comes from Europe and Africa.