ACCO Brands (ACCO Brands) ROCE % : -11.21% (As of Dec. 2023)

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What is ACCO 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. ACCO Brands's annualized ROCE % for the quarter that ended in Dec. 2023 was -11.21%.

ACCO Brands ROCE % Historical Data

The historical data trend for ACCO 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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ACCO Brands ROCE % Chart

ACCO Brands Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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9.42

5.00

6.47

2.64

2.11

ACCO 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															7.36	1.89	10.04	6.68	-11.21

ACCO Brands ROCE % Calculation

ACCO 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 )
	=	45.5	/	( ( (2794.7 - 589)	+	(2644.8 - 542) )	/ 2 )
	=	45.5	/	( (2205.7	+	2102.8)	/ 2 )
	=	45.5	/	2154.25
	=	2.11 %

ACCO 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 )
	=	-239.2	/	( ( (2683.7 - 518.9)	+	(2644.8 - 542) )	/ 2 )
	=	-239.2	/	( ( 2164.8	+	2102.8 )	/ 2 )
	=	-239.2	/	2133.8
	=	-11.21 %

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

ACCO Brands (NYSE:ACCO) 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.

ACCO Brands ROCE % Related Terms

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ACCO Brands (ACCO Brands) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » ACCO Brands Corp (NYSE:ACCO) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

A3B:Germany

Address

Four Corporate Drive, Lake Zurich, IL, USA, 60047

Website

https://www.accobrands.com

ACCO Brands Corp designs, manufactures, and markets consumer and business products. It operates through three segments: ACCO Brands North America, ACCO Brands EMEA, and ACCO Brands International. The company offers school notebooks, janitorial supplies, and whiteboards; storage and organization products, such as three-ring and lever-arch binders, sheet protectors, and indexes, and punching products; computer accessories and others used in schools, homes, and businesses. It offers its products primarily under the AT-A-GLANCE, Five Star, GBC, Hilroy, Kensington, Quartet, Leitz, NOBO, Rapid, Rexel, Tilibra, and Wilson Jones brands. The company markets and sells its products through various channels, including mass retailers; e-tailers; discount, and variety chains; and warehouse clubs.

Executives

Paul P Daniel	officer: SVP and CIO	C/O ACCO BRANDS CORPORATION, FOUR CORPORATE DRIVE, LAKE ZURICH IL 60047
Joseph B Burton	director	345 ENCINAL STREET, SANTA CRUZ CA 95060
Deborah A Oconnor	officer: EVP and CFO	C/O ACCO BRANDS CORP, FOUR CORPORATE DRIVE, LAKE ZURICH IL 60047
Gregory J. Mccormack	officer: Sr. Vice Pres, Global Products	FOUR CORPORATE DRIVE, LAKE ZURICH IL 60047
Roxanne M Bernstein	officer: EVP & Pres, ACCO Brands N.A.	C/O ACCO BRANDS CORPORATION, FOUR CORPORATE DRIVE, LAKE ZURICH IL 60047
Boris Elisman	director, officer: Chairman, President & CEO	C/O ACCO BRANDS CORPORATION, FOUR CORPORATE DRIVE, LAKE ZURICH IL 60047
Gina Boswell	director	MANPOWERGROUP INC., 100 MANPOWER PLACE, MILWAUKEE WI 53212
Angela Y Jones	officer: SVP, Global Chief People Offic	9900 W. 109 STREET, SUITE 100, OVERLAND PARK KS 66210
Thomas W Tedford	officer: Exec VP & Pres US Office & Con	C/O ACCO BRANDS CORPORATION, FOUR CORPORATE DRIVE, LAKE ZURICH IL 60047
Neal V Fenwick	officer: Executive VP and CFO	FOUR CORPORATE DRIVE, LAKE ZURICH IL 60047
Pamela R Schneider	officer: Sr VP, General Counsel & Sec	C/O ACCO BRANDS CORPORATION, FOUR CORPORATE DRIVE, LAKE ZURICH IL 60047
Patrick Buchenroth	officer: ExecVP, Pres ACCO Brands Intl	C/O ACCO BRANDS CORPORATION, FOUR CORPORATE DRIVE, LAKE ZURICH IL 60047
Ralph Paul Hargrow	officer: Sr VP & Chief People Officer	C/O ACCO BRANDS CORPORATION, FOUR CORPORATE DRIVE, LAKE ZURICH IL 60047
Ronald M. Lombardi	director	660 WHITE PLAINS RD., TARRYTOWN NY 10591
James Dudek	officer: SVP, Corp Controller and CAO	C/O RICHARDSON ELECTRONICS, LTD, PO BOX 393, 40W267 KESLINGER ROAD, LAFOX IL 60147