Global Industrial Co (FRA:GML0) ROCE % : 20.51% (As of Mar. 2024)

View and export this data going back to 2023. Start your Free Trial

What is Global Industrial 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. Global Industrial Co's annualized ROCE % for the quarter that ended in Mar. 2024 was 20.51%.

Global Industrial Co ROCE % Historical Data

The historical data trend for Global Industrial 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.

* Premium members only.

Global Industrial Co ROCE % Chart

Global Industrial Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

Get a 7-Day Free Trial

34.43

37.54

43.83

40.89

29.62

Global Industrial Co 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															23.30	36.83	34.67	24.97	20.51

Global Industrial Co ROCE % Calculation

Global Industrial 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 )
	=	88.307	/	( ( (429.709 - 144.526)	+	(470.788 - 159.741) )	/ 2 )
	=	88.307	/	( (285.183	+	311.047)	/ 2 )
	=	88.307	/	298.115
	=	29.62 %

Global Industrial Co'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 )
	=	64.032	/	( ( (470.788 - 159.741)	+	(476.008 - 162.748) )	/ 2 )
	=	64.032	/	( ( 311.047	+	313.26 )	/ 2 )
	=	64.032	/	312.1535
	=	20.51 %

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

Global Industrial Co (FRA:GML0) 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.

Global Industrial Co ROCE % Related Terms

Thank you for viewing the detailed overview of Global Industrial Co's ROCE % provided by GuruFocus.com. Please click on the following links to see related term pages.

Global Industrial Co (FRA:GML0) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Distribution » Global Industrial Co (FRA:GML0) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

GIC:USA

Address

11 Harbor Park Drive, Port Washington, NY, USA, 11050

Website

https://investors.globalindustrial.com

Global Industrial Co is a value-added industrial distributor. It distributes a wide range of industrial and maintenance, repair, and operations (MRO) products to customers across North America, including storage and shelving, safety and security, carts and trucks, HVAC and fans, furniture and decor, material handling, janitorial and facility maintenance, workbenches and shop desks, tools and instruments, plumbing and pumps, office and school supplies, packaging and shipping, lighting and electrical, food service and retail, medical and laboratory, motors and power transmission, building supplies, machining, fasteners and hardware, vehicle maintenance, and raw materials.

Global Industrial Co (FRA:GML0) Headlines

No Headlines