Allegion (BSP:A1GN34) ROCE % : 21.83% (As of Mar. 2024)

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What is Allegion 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. Allegion's annualized ROCE % for the quarter that ended in Mar. 2024 was 21.83%.

Allegion ROCE % Historical Data

The historical data trend for Allegion'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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Allegion ROCE % Chart

Allegion Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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22.96

18.47

24.09

19.92

21.04

Allegion Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial															20.25	20.66	22.13	18.82	21.83

Allegion ROCE % Calculation

Allegion'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 )
	=	3480.328	/	( ( (20935.44 - 3690.663)	+	(21125.488 - 5290.314) )	/ 2 )
	=	3480.328	/	( (17244.777	+	15835.174)	/ 2 )
	=	3480.328	/	16539.9755
	=	21.04 %

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

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	3501.796	/	( ( (21125.488 - 5290.314)	+	(21347.905 - 5106.287) )	/ 2 )
	=	3501.796	/	( ( 15835.174	+	16241.618 )	/ 2 )
	=	3501.796	/	16038.396
	=	21.83 %

(1) Note: The EBIT data used here is four times the quarterly (Mar. 2024) EBIT data.

Allegion (BSP:A1GN34) 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.

Allegion ROCE % Related Terms

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Allegion (BSP:A1GN34) Business Description

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GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Allegion PLC (BSP:A1GN34) » Definitions » ROCE %

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ALLE:USA

Address

Harcourt Road, Iveagh Court, Block D, Dublin 2, IRL, D02 VH94

Website

https://www.allegion.com

Allegion is a global security products company with a portfolio of leading brands such as Schlage, Von Duprin, and LCN. The Ireland-domiciled company was created via a spinoff transaction from Ingersoll-Rand in December 2013. In fiscal 2022, Allegion generated 73% of sales in the United States. The company mainly competes with Sweden-based Assa Abloy and Switzerland-based Dormakaba.

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