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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. Dover's annualized ROCE % for the quarter that ended in Dec. 2023 was 16.53%.
The historical data trend for Dover'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.
Dover Annual Data | |||||||||||||||||||||
Trend | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | |||||||||||
ROCE % | Get a 7-Day Free Trial | 14.76 | 13.63 | 19.77 | 17.50 | 16.60 |
Dover 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 | 18.06 | 15.70 | 15.92 | 18.14 | 16.53 |
Dover'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 ) | |||||
= | 1401.311 | / | ( ( (10896.519 - 2865.904) | + | (11348.513 - 2499.836) ) | / 2 ) | |
= | 1401.311 | / | ( (8030.615 | + | 8848.677) | / 2 ) | |
= | 1401.311 | / | 8439.646 | ||||
= | 16.60 % |
Dover'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 ) | |||||
= | 1440.516 | / | ( ( (10772.105 - 2187.78) | + | (11348.513 - 2499.836) ) | / 2 ) | |
= | 1440.516 | / | ( ( 8584.325 | + | 8848.677 ) | / 2 ) | |
= | 1440.516 | / | 8716.501 | ||||
= | 16.53 % |
(1) Note: The EBIT data used here is four times the quarterly (Dec. 2023) EBIT data.
* 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.
Dover (NYSE:DOV) 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.
Thank you for viewing the detailed overview of Dover's ROCE % provided by GuruFocus.com. Please click on the following links to see related term pages.
Brad M Cerepak | officer: Senior Vice President and CFO | C/O DOVER CORPORATION, 3005 HIGHLAND PARKWAY, SUITE 200, DOWNERS GROVE IL 60515 |
Anthony K Kosinski | officer: Vice President, Tax | 3005 HIGHLAND PARKWAY, SUITE 200, DOWNERS GROVE IL 60515 |
Marc A Howze | director | DEERE & COMPANY, ONE JOHN DEERE PLACE, MOLINE IL 61265 |
Danita K Ostling | director | 1665 UTICA AVENUE, ST. LOUIS PARK MN 55416 |
Michael Mark Manley | director | 1000 CHRYSLER DRIVE, CIMS 485-09-96, AUBURN HILLS MI 48326 |
David J. Malinas | officer: SVP, Operations | 36411 SOUTH PARK DRIVE, AVON OH 44011 |
Richard J Tobin | director, officer: CEO and President | 3005 HIGHLAND PARKWAY, SUITE 200, DOWNERS GROVE IL 60515 |
Kristiane C Graham | director | C/O DOVER CORPORATION, 3005 HIGHLAND PARKWAY, SUITE 200, DOWNERS GROVE IL 60515 |
Ivonne M Cabrera | officer: SVP and General Counsel | C/O DOVER CORPORATION, 3005 HIGHLAND PARKWAY, SUITE 200, DOWNERS GROVE IL 60515 |
Kimberly Bors | officer: SVP, Human Resources | C/O DOVER CORPORATION, 3005 HIGHLAND PARKWAY, SUITE 200, DOWNERS GROVE IL 60515 |
Ryan Paulson | officer: VP, Controller | 3005 HIGHLAND PARKWAY, SUITE 200, DOWNERS GROVE IL 60515 |
James M Moran | officer: Vice President, Treasurer | C/O DOVER CORPORATION, 3005 HIGHLAND PARKWAY, SUITE 200, DOWNERS GROVE IL 60515 |
Girish Juneja | officer: SVP, Chief Digital Officer | 3005 HIGHLAND PARKWAY, SUITE 200, DOWNERS GROVE IL 60515 |
Deborah L Dehaas | director | 3005 HIGHLAND PARKWAY, SUITE 200, DOWNERS GROVE IL 60515 |
Mary A Winston | director | 557 BROADWAY, C/O SCHOLASTIC CORP, NEW YORK NY 10012 |
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