Renold (AQSE:RNO.GB) ROCE % : 13.20% (As of Sep. 2024)

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What is Renold 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. Renold's annualized ROCE % for the quarter that ended in Sep. 2024 was 13.20%.

Renold ROCE % Historical Data

The historical data trend for Renold'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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Renold ROCE % Chart

Renold Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

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4.68

5.27

9.75

15.07

18.38

Renold Semi-Annual Data
	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23	Mar24	Sep24
ROCE %	Get a 7-Day Free Trial															9.35	16.31	19.11	14.89	13.20

Renold ROCE % Calculation

Renold's annualized ROCE % for the fiscal year that ended in Mar. 2024 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Mar. 2024 )		(A: Mar. 2023 )		(A: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Mar. 2024 )		(A: Mar. 2023 )		(A: Mar. 2024 )
	=	27.5	/	( ( (246.3 - 114.7)	+	(238 - 70.3) )	/ 2 )
	=	27.5	/	( (131.6	+	167.7)	/ 2 )
	=	27.5	/	149.65
	=	18.38 %

Renold's ROCE % of for the quarter that ended in Sep. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2024 )		(Q: Mar. 2024 )		(Q: Sep. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2024 )		(Q: Mar. 2024 )		(Q: Sep. 2024 )
	=	24	/	( ( (238 - 70.3)	+	(272.6 - 76.6) )	/ 2 )
	=	24	/	( ( 167.7	+	196 )	/ 2 )
	=	24	/	181.85
	=	13.20 %

(1) Note: The EBIT data used here is two times the semi-annual (Sep. 2024) EBIT data.

Renold (AQSE:RNO.GB) 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.

Renold ROCE % Related Terms

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Renold Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Renold PLC (AQSE:RNO.GB) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

RNO:UK 7M5:Germany

Address

Styal Road, Trident Business Park, Trident 2, Wythenshawe, Manchester, GBR, M22 5XB

Website

https://www.renold.com

Renold PLC is a United Kingdom-based manufacturer of industrial conveyor chains and other machine components. The company's operating segments include: The Chain and The Torque Transmission. Chain segment manufactures and sells power transmission and conveyor chain. It generates maximum revenue from the Chain segment. Geographically, it derives majority of revenue from the Americas and also has a presence in Rest of Europe, Australasia, China, India, and Other countries. The company serves agriculture, forestry and fishing, construction machinery, energy, environmental, food and drink, mining and quarrying and transportation sectors.

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