CCL Industries (TSX:CCL.A) ROCE % : 6.81% (As of Dec. 2023)

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What is CCL Industries 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. CCL Industries's annualized ROCE % for the quarter that ended in Dec. 2023 was 6.81%.

CCL Industries ROCE % Historical Data

The historical data trend for CCL Industries'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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CCL Industries ROCE % Chart

CCL Industries Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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12.87

13.02

13.92

13.39

11.51

CCL Industries 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															12.36	13.36	12.30	13.13	6.81

CCL Industries ROCE % Calculation

CCL Industries'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 )
	=	844.4	/	( ( (8664.4 - 1501.4)	+	(8924.2 - 1416.9) )	/ 2 )
	=	844.4	/	( (7163	+	7507.3)	/ 2 )
	=	844.4	/	7335.15
	=	11.51 %

CCL Industries'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 )
	=	518.4	/	( ( (9137.7 - 1413.7)	+	(8924.2 - 1416.9) )	/ 2 )
	=	518.4	/	( ( 7724	+	7507.3 )	/ 2 )
	=	518.4	/	7615.65
	=	6.81 %

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

CCL Industries (TSX:CCL.A) 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.

CCL Industries ROCE % Related Terms

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CCL Industries (TSX:CCL.A) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Packaging & Containers » CCL Industries Inc (TSX:CCL.A) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

CCLLF:USA CCDBF:USA CCL.B:Canada

Address

111 Gordon Baker Road, Suite 801, Toronto, ON, CAN, M2H 3R1

Website

https://www.cclind.com

CCL Industries Inc manufactures and sells packaging and packaging-related products. The company operates through various segments, which include The CCL segment, which generates the majority of revenue, sells pressure sensitive and extruded film materials used for labels on consumer packaging, healthcare, automotive, and consumer durable products. The Avery segment sells software, labels, tags, dividers, badges, and specialty card products under the Avery brand. The Checkpoint segment includes the manufacturing and selling of technology-driven, inventory management and labeling solutions. Innovia segment manufactures specialty films. Its geographical segments include Canada; USA and Puerto Rico; Mexico, Brazil, Chile and Argentina; Europe; and Asia, Australia, Africa and New Zealand.

CCL Industries (TSX:CCL.A) Headlines

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