Anixter International (Anixter International) ROCE % : 7.57% (As of Mar. 2020)

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What is Anixter International 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. Anixter International's annualized ROCE % for the quarter that ended in Mar. 2020 was 7.57%.

Anixter International ROCE % Historical Data

The historical data trend for Anixter International'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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Anixter International ROCE % Chart

Anixter International Annual Data

Trend

Dec10

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

ROCE %

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8.91

9.50

10.90

10.11

11.69

Anixter International Quarterly Data
	Jun15	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20
ROCE %	Get a 7-Day Free Trial															9.56	12.46	12.19	10.82	7.57

Anixter International ROCE % Calculation

Anixter International's annualized ROCE % for the fiscal year that ended in Dec. 2019 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2019 )		(A: Dec. 2018 )		(A: Dec. 2019 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2019 )		(A: Dec. 2018 )		(A: Dec. 2019 )
	=	370.5	/	( ( (4653.1 - 1629)	+	(4808.9 - 1493.5) )	/ 2 )
	=	370.5	/	( (3024.1	+	3315.4)	/ 2 )
	=	370.5	/	3169.75
	=	11.69 %

Anixter International's ROCE % of for the quarter that ended in Mar. 2020 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2020 )		(Q: Dec. 2019 )		(Q: Mar. 2020 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2020 )		(Q: Dec. 2019 )		(Q: Mar. 2020 )
	=	259.2	/	( ( (4808.9 - 1493.5)	+	(4950.5 - 1420.9) )	/ 2 )
	=	259.2	/	( ( 3315.4	+	3529.6 )	/ 2 )
	=	259.2	/	3422.5
	=	7.57 %

(1) Note: The EBIT data used here is four times the quarterly (Mar. 2020) EBIT data.

Anixter International (NYSE:AXE) 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.

Anixter International ROCE % Related Terms

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Anixter International (Anixter International) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Distribution » Anixter International Inc (NYSE:AXE) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

2301 Patriot Boulevard, Glenview, IL, USA, 60026

Website

http://www.anixter.com

Anixter International is a leading distributor of network, security, electrical, and utility power products and services. The company has a global footprint with 316 warehouse or branch locations across 50 countries and offers 130,000 customers access to nearly 600,000 products, as well as value-added supply chain and technical services. Anixter operates three distinct businesses: network and security solutions, electrical and electronics solutions, and utility power solutions. We expect Anixter will merge with Wesco International in 2020.

Executives

Melvyn N Klein	director	615 UPPER BROADWAY, STE 1940, CORPUS CHRISTI TX 78477
William Clayton Geary	officer: EVP-NSS	C/O ANIXTER INC., 2301 PATRIOT BLVD., GLENVIEW IL 60026
Robert J. Eck	director	ANIXTER INC., 2301 PATRIOT BLVD., GLENVIEW IL 60026
F Philip Handy	director	C/O WINTER PARK CAPITAL COMPANY, 222 S PENNSYLVANIA AVE STE 200, WINTER PARK FL 32789
Scott R Peppet	director	1820 DEER VALLEY ROAD, BOULDER CO 80305
Charles M Swoboda	director	C/O CREE, INC., 4600 SILICON DRIVE, DURHAM NC 27703
William S Simon	director	1000 DARDEN CENTER DRIVE, ORLANDO FL 32837
Valarie L Sheppard	director	1 PROCTER & GAMBLE PLAZA, CINCINNATI OH 45202
Samuel Zell	director	TWO N RIVERSIDE PLAZA, SUITE 600, CHICAGO IL 60606
Frederic F Brace	director	707 W. SMUGGLER ST, ASPEN CO 81611
Linda Bynoe	director	980 N. MICHIGAN AVE, SUITE 1400, CHICAGO IL 60611
George Munoz	director	C/O MARRIOTT INTERNATONAL INC, 10400 FERNWOOD ROAD, BETHESDA MD 20817
Ilaria Mocciaro	officer: SVP-Controller, CAO	2301 PATRIOT BLVD, GLENVIEW IL 60026
Ted A Dosch	officer: Executive VP-Finance & CFO	C/O ANIXTER INC., 2301 S. PATRIOT BLVD., GLENVIEW IL 60026
Chai Trust Co Llc	other: Member of 10% Owner Group	TWO NORTH RIVERSIDE PLAZA, SUITE 600, CHICAGO IL 60606