Kingspan Group (DUB:KRX) ROCE % : 13.11% (As of Jun. 2024)

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What is Kingspan Group 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. Kingspan Group's annualized ROCE % for the quarter that ended in Jun. 2024 was 13.11%.

Kingspan Group ROCE % Historical Data

The historical data trend for Kingspan Group'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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Kingspan Group ROCE % Chart

Kingspan Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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15.00

12.90

16.38

14.83

14.33

Kingspan Group Semi-Annual Data
	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
ROCE %	Get a 7-Day Free Trial															16.58	13.91	14.38	14.43	13.11

Kingspan Group ROCE % Calculation

Kingspan Group'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 )
	=	857.9	/	( ( (7681.4 - 1800.7)	+	(8001.6 - 1912.9) )	/ 2 )
	=	857.9	/	( (5880.7	+	6088.7)	/ 2 )
	=	857.9	/	5984.7
	=	14.33 %

Kingspan Group's ROCE % of for the quarter that ended in Jun. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jun. 2024 )		(Q: Dec. 2023 )		(Q: Jun. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jun. 2024 )		(Q: Dec. 2023 )		(Q: Jun. 2024 )
	=	815.8	/	( ( (8001.6 - 1912.9)	+	(9039.5 - 2678.8) )	/ 2 )
	=	815.8	/	( ( 6088.7	+	6360.7 )	/ 2 )
	=	815.8	/	6224.7
	=	13.11 %

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

Kingspan Group (DUB:KRX) 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.

Kingspan Group ROCE % Related Terms

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Kingspan Group Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Kingspan Group PLC (DUB:KRX) » Definitions » ROCE %

Comparable Companies

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KGSPY:USA KRXi:UK 0KGP:UK KRX:Germany

Address

Dublin Road, Kingscourt, County Cavan, IRL, A82 XY31

Website

https://www.kingspan.com

Kingspan Group is a global building products manufacturer with a portfolio that focuses on building envelope products and systems that aim to improve the energy efficiency of the built environment. Having entered insulation products markets in the 1980s, the group's scope has expanded significantly in the decades since to now include roofing, flooring, natural light ventilation, and water recycling solutions, as well as piping and ducting products used in HVAC and district heating applications. Kingspan has a global manufacturing footprint of more than 210 manufacturing sites spread across some 80 countries.

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