Newell Brands (LTS:0K7J) ROCE % : -4.00% (As of Dec. 2023)

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What is Newell Brands 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. Newell Brands's annualized ROCE % for the quarter that ended in Dec. 2023 was -4.00%.

Newell Brands ROCE % Historical Data

The historical data trend for Newell Brands'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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Newell Brands ROCE % Chart

Newell Brands Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-4.05

-6.17

9.22

3.71

-2.67

Newell Brands 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															-10.25	-1.90	4.45	-9.39	-4.00

Newell Brands ROCE % Calculation

Newell Brands'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 )
	=	-260	/	( ( (13262 - 3078)	+	(12163 - 2897) )	/ 2 )
	=	-260	/	( (10184	+	9266)	/ 2 )
	=	-260	/	9725
	=	-2.67 %

Newell Brands'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 )
	=	-376	/	( ( (12572 - 3019)	+	(12163 - 2897) )	/ 2 )
	=	-376	/	( ( 9553	+	9266 )	/ 2 )
	=	-376	/	9409.5
	=	-4.00 %

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

Newell Brands (LTS:0K7J) 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.

Newell Brands ROCE % Related Terms

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Newell Brands (LTS:0K7J) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Newell Brands Inc (LTS:0K7J) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

NWL:USA NWL:Germany N1WL34:Brazil

Address

6655 Peachtree Dunwoody Road, Atlanta, GA, USA, 30328

Website

https://www.newellbrands.com

Newell Brands Inc is an American global consumer goods company. The business activities of the group function through five segments namely, Commercial Solutions, Home Appliances, Home Solutions, Learning and Development, Outdoor and Recreation. The learning and Development segment generates most of the revenue for the firm which offers baby gear and infant care products; writing instruments, including markers and highlighters, pens and pencils; art products; activity-based adhesive and cutting products, and labeling solutions.

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