Bird Construction (TSX:BDT) ROCE % : 28.73% (As of Dec. 2023)

View and export this data going back to 2006. Start your Free Trial

What is Bird Construction 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. Bird Construction's annualized ROCE % for the quarter that ended in Dec. 2023 was 28.73%.

Bird Construction ROCE % Historical Data

The historical data trend for Bird Construction'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.

* Premium members only.

Bird Construction ROCE % Chart

Bird Construction Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

Get a 7-Day Free Trial

8.96

19.51

16.23

17.77

22.07

Bird Construction 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															21.39	8.52	18.94	35.23	28.73

Bird Construction ROCE % Calculation

Bird Construction'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 )
	=	105.225	/	( ( (1226.734 - 783.124)	+	(1424.364 - 914.468) )	/ 2 )
	=	105.225	/	( (443.61	+	509.896)	/ 2 )
	=	105.225	/	476.753
	=	22.07 %

Bird Construction'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 )
	=	140.508	/	( ( (1357.984 - 889.624)	+	(1424.364 - 914.468) )	/ 2 )
	=	140.508	/	( ( 468.36	+	509.896 )	/ 2 )
	=	140.508	/	489.128
	=	28.73 %

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

Bird Construction (TSX:BDT) 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.

Bird Construction ROCE % Related Terms

Thank you for viewing the detailed overview of Bird Construction's ROCE % provided by GuruFocus.com. Please click on the following links to see related term pages.

Bird Construction (TSX:BDT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Bird Construction Inc (TSX:BDT) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

BIRDF:USA 6LT:Germany

Address

5700 Explorer Drive, Suite 400, Mississauga, ON, CAN, L4W 0C6

Website

https://www.bird.ca

Bird Construction Inc is a construction company operating from coast-to-coast and servicing all of Canada's major markets. The group provides a comprehensive range of construction services from new construction for industrial, commercial, institutional, and civil infrastructure markets, to industrial maintenance, repair and operations services, heavy civil construction, and mine support services. It also provides vertical infrastructure including, electrical, mechanical, and specialty trades. In addition to its commitment to safety, Bird provides services that offer long-term value to its stakeholders.

Executives

Robert James Otway

Senior Officer

Bird Construction (TSX:BDT) Headlines

No Headlines