The Kraft Heinz Co (BSP:KHCB34) ROCE % : -0.27% (As of Sep. 2024)

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What is The Kraft Heinz Co 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. The Kraft Heinz Co's annualized ROCE % for the quarter that ended in Sep. 2024 was -0.27%.

The Kraft Heinz Co ROCE % Historical Data

The historical data trend for The Kraft Heinz Co'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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The Kraft Heinz Co ROCE % Chart

The Kraft Heinz Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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4.36

2.91

4.48

4.51

5.36

The Kraft Heinz Co Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
ROCE %	Get a 7-Day Free Trial															3.38	5.72	6.13	2.93	-0.27

The Kraft Heinz Co ROCE % Calculation

The Kraft Heinz Co'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 )
	=	22269.591	/	( ( (474776.89 - 47355.471)	+	(442643.032 - 39379.693) )	/ 2 )
	=	22269.591	/	( (427421.419	+	403263.339)	/ 2 )
	=	22269.591	/	415342.379
	=	5.36 %

The Kraft Heinz Co'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: Jun. 2024 )		(Q: Sep. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2024 )		(Q: Jun. 2024 )		(Q: Sep. 2024 )
	=	-1174.012	/	( ( (478269.522 - 40320.345)	+	(490460.795 - 42796.118) )	/ 2 )
	=	-1174.012	/	( ( 437949.177	+	447664.677 )	/ 2 )
	=	-1174.012	/	442806.927
	=	-0.27 %

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

The Kraft Heinz Co (BSP:KHCB34) 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.

The Kraft Heinz Co ROCE % Related Terms

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The Kraft Heinz Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » The Kraft Heinz Co (BSP:KHCB34) » Definitions » ROCE %

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Address

One PPG Place, Pittsburgh, PA, USA, 15222

Website

https://www.kraftheinzcompany.com

In July 2015, Kraft merged with Heinz to create the third-largest food and beverage manufacturer in North America behind wide-moats PepsiCo and Nestle and the fifth-largest player in the world. Beyond its namesake brands, the combined firm's portfolio includes Oscar Mayer, Velveeta, and Philadelphia. While the retail channel drives around 85% of its total sales, the firm also maintains a growing presence in the foodservice arena. Outside North America, Kraft Heinz's global reach counts a distribution network in Europe and emerging markets that drives about 25% of its consolidated sales base, as its products are sold in more than 190 countries and territories.

The Kraft Heinz Co Headlines

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