Market Cap : 7.25 B | Enterprise Value : 16.5 B | P/E (TTM) : | P/B : 2.18 |
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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. ADT's annualized ROCE % for the quarter that ended in Sep. 2020 was 0.43%.
* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.
ADT's annualized ROCE % for the fiscal year that ended in Dec. 2019 is calculated as:
ROCE % | = | EBIT | / | ( (Capital Employed | + | Capital Employed) | / count ) |
(A: Dec. 2019 ) | (A: Dec. 2018 ) | (A: Dec. 2019 ) | |||||
= | EBIT | / | ( ( (Total Assets - Total Current Liabilities) | + | (Total Assets - Total Current Liabilities) ) | / count ) | |
(A: Dec. 2019 ) | (A: Dec. 2018 ) | (A: Dec. 2019 ) | |||||
= | 97.381 | / | ( ( (17208.608 - 1012.49) | + | (16083.652 - 1119.728) ) | / 2 ) | |
= | 97.381 | / | ( (16196.118 | + | 14963.924) | / 2 ) | |
= | 97.381 | / | 15580.021 | ||||
= | 0.63 % |
ADT's ROCE % of for the quarter that ended in Sep. 2020 is calculated as:
ROCE % | = | EBIT | / | ( (Capital Employed | + | Capital Employed) | / count ) |
(Q: Sep. 2020 ) | (Q: Jun. 2020 ) | (Q: Sep. 2020 ) | |||||
= | EBIT | / | ( ( (Total Assets - Total Current Liabilities) | + | (Total Assets - Total Current Liabilities) ) | / count ) | |
(Q: Sep. 2020 ) | (Q: Jun. 2020 ) | (Q: Sep. 2020 ) | |||||
= | 63.848 | / | ( ( (15958.24 - 1236.862) | + | (16366.067 - 1249.448) ) | / 2 ) | |
= | 63.848 | / | ( ( 14721.378 | + | 15116.619 ) | / 2 ) | |
= | 63.848 | / | 14918.9985 | ||||
= | 0.43 % |
Note: The EBIT data used here is four times the quarterly (Sep. 2020) EBIT data.
* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.
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.
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