Market Cap : 24.36 B | Enterprise Value : 27.37 B | PE Ratio : 38.07 | PB Ratio : 2.58 |
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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. Fortive's annualized ROCE % for the quarter that ended in Jun. 2022 was 6.75%.
The historical data trend for Fortive'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.
Fortive's annualized ROCE % for the fiscal year that ended in Dec. 2021 is calculated as:
ROCE % | = | EBIT | / | ( (Capital Employed | + | Capital Employed) | / count ) |
(A: Dec. 2021 ) | (A: Dec. 2020 ) | (A: Dec. 2021 ) | |||||
= | EBIT | / | ( ( (Total Assets - Total Current Liabilities) | + | (Total Assets - Total Current Liabilities) ) | / count ) | |
(A: Dec. 2021 ) | (A: Dec. 2020 ) | (A: Dec. 2021 ) | |||||
= | 780.7 | / | ( ( (16051.5 - 2860.8) | + | (16465.5 - 3714.9) ) | / 2 ) | |
= | 780.7 | / | ( (13190.7 | + | 12750.6) | / 2 ) | |
= | 780.7 | / | 12970.65 | ||||
= | 6.02 % |
Fortive's ROCE % of for the quarter that ended in Jun. 2022 is calculated as:
ROCE % | = | EBIT (1) | / | ( (Capital Employed | + | Capital Employed) | / count ) |
(Q: Jun. 2022 ) | (Q: Mar. 2022 ) | (Q: Jun. 2022 ) | |||||
= | EBIT | / | ( ( (Total Assets - Total Current Liabilities) | + | (Total Assets - Total Current Liabilities) ) | / count ) | |
(Q: Jun. 2022 ) | (Q: Mar. 2022 ) | (Q: Jun. 2022 ) | |||||
= | 916.8 | / | ( ( (16266.4 - 2561.6) | + | (16070.9 - 2611.3) ) | / 2 ) | |
= | 916.8 | / | ( ( 13704.8 | + | 13459.6 ) | / 2 ) | |
= | 916.8 | / | 13582.2 | ||||
= | 6.75 % |
(1) Note: The EBIT data used here is four times the quarterly (Jun. 2022) 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.
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 Fortive's ROCE % provided by GuruFocus.com. Please click on the following links to see related term pages.
Newcombe Tamara S. | officer: President & CEO of PT | 6920 SEAWAY BLVD. EVERETT WA 98203 |
Lassiter Wright Iii | director | 500 PLAZA DRIVE C/O QUEST DIAGNOSTICS SECAUCUS NJ 07094 |
Soroye Olumide | officer: President & CEO of IOS | 6920 SEAWAY BLVD. EVERETT WA 98203 |
Simmons Edward Read | officer: SVP - Strategy | 6920 SEAWAY BLVD EVERETT WA 98203 |
Hayes Rejji P | director | ONE ENERGY PLAZA JACKSON MI 49201 |
Dubey Sharmistha | director | 8750 NORTH CENTRAL EXPRESSWAY SUITE 1400 DALLAS TX 75231 |
Mulhall Christopher M. | officer: VP - Chief Accounting Officer | C/O FORTIVE CORPORATION 6920 SEAWAY BLVD EVERETT WA 98203 |
Sargent Jeannine P | director | C/O VEECO INSTRUMENTS INC. 100 SUNNYSIDE BOULEVARD SUITE B WOODBURY NY 11797 |
Hulit Barbara B. | officer: Senior Vice President | C/O FORTIVE CORPORATION 6920 SEAWAY BLVD EVERETT WA 98203 |
Weaver Emily A. | officer: VP-Chief Accounting Officer | C/O FORTIVE CORPORATION 6920 SEAWAY BOULEVARD EVERETT WA 98203 |
Mclaughlin Charles E | officer: SVP - Chief Financial Officer | C/O FORTIVE CORPORATION 6920 SEAWAY BOULEVARD EVERETT WA 98203 |
Murphy Patrick K | officer: Senior Vice President | C/O FORTIVE CORPORATION 6920 SEAWAY BOULEVARD EVERETT WA 98203 |
Schwarz Jonathan L | officer: VP-Corporate Development | C/O FORTIVE CORPORATION 6920 SEAWAY BOULEVARD EVERETT WA 98203 |
Pringle William W | officer: Senior Vice President | C/O FORTIVE CORPORATION 6920 SEAWAY BOULEVARD EVERETT WA 98203 |
Walker Stacey A. | officer: SVP - Human Resources | C/O FORTIVE CORPORATION 6920 SEAWAY BOULEVARD EVERETT WA 98203 |
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