Market Cap : 2.77 T | Enterprise Value : 2.84 T | PE Ratio : 28.40 | PB Ratio : 47.67 |
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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. Apple's annualized ROCE % for the quarter that ended in Jun. 2022 was 44.29%.
The historical data trend for Apple'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.
Apple's annualized ROCE % for the fiscal year that ended in Sep. 2021 is calculated as:
ROCE % | = | EBIT | / | ( (Capital Employed | + | Capital Employed) | / count ) |
(A: Sep. 2021 ) | (A: Sep. 2020 ) | (A: Sep. 2021 ) | |||||
= | EBIT | / | ( ( (Total Assets - Total Current Liabilities) | + | (Total Assets - Total Current Liabilities) ) | / count ) | |
(A: Sep. 2021 ) | (A: Sep. 2020 ) | (A: Sep. 2021 ) | |||||
= | 111852 | / | ( ( (323888 - 105392) | + | (351002 - 125481) ) | / 2 ) | |
= | 111852 | / | ( (218496 | + | 225521) | / 2 ) | |
= | 111852 | / | 222008.5 | ||||
= | 50.38 % |
Apple'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 ) | |||||
= | 95140 | / | ( ( (350662 - 127508) | + | (336309 - 129873) ) | / 2 ) | |
= | 95140 | / | ( ( 223154 | + | 206436 ) | / 2 ) | |
= | 95140 | / | 214795 | ||||
= | 44.29 % |
(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 Apple's ROCE % provided by GuruFocus.com. Please click on the following links to see related term pages.
Gorsky Alex | director | JOHNSON & JOHNSON ONE JOHNSON & JOHNSON PLAZA NEW BRUNSWICK NJ 08933 |
Lozano Monica C | director | |
O'brien Deirdre | officer: Senior Vice President | ONE APPLE PARK WAY CUPERTINO CA 95014 |
Iger Robert A | director | C/O WALT DISNEY CO 500 S BUENA VISTA STREET BURBANK CA 91521-1062 |
Jung Andrea | director | C/O APPLE INC ONE APPLE PARK WAY CUPERTINO CA 95014 |
Wagner Susan | director | C/O BLACKROCK, INC. 40 EAST 52ND STREET NEW YORK NY 10022 |
Bell James A | director | C/O THE DOW CHEMICAL COMPANY 2211 H.H. DOW WAY MIDLAND MI 48674 |
Gore Albert Jr | director | C/O APPLE INC 1 INFINITE LOOP CUPERTINO CA 95014 |
Sugar Ronald D | director | 10877 WILSHIRE BLVD. SUITE 1650 LOS ANGELES CA 900274 |
Adams Katherine L. | officer: SVP, General Counsel | APPLE INC. 1 INFINITE LOOP CUPERTINO CA 95014 |
Maestri Luca | officer: Senior Vice President, CFO | 1 INFINITE LOOP CUPERTINO CA 95014 |
Ahrendts Angela J | officer: Senior Vice President | 1 INFINITE LOOP CUPERTINO CA 95014 |
Williams Jeffrey E | officer: COO | ONE INFINITE LOOP CUPERTINO CA 95014 |
Schiller Philip W | officer: Senior Vice President | C/O APPLE INC ONE INFINITE LOOP CUPERTINO CA 95014 |
Cue Eduardo H | officer: Senior Vice President | 1 INFINITE LOOP CUPERTINO CA 95014 |
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