Beacon Roofing Supply (FRA:OWY) ROCE % : 17.96% (As of Sep. 2024)

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What is Beacon Roofing Supply 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. Beacon Roofing Supply's annualized ROCE % for the quarter that ended in Sep. 2024 was 17.96%.

Beacon Roofing Supply ROCE % Historical Data

The historical data trend for Beacon Roofing Supply'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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Beacon Roofing Supply ROCE % Chart

Beacon Roofing Supply Annual Data

Trend

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Dec22

Dec23

ROCE %

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2.72

0.38

8.43

16.95

15.17

Beacon Roofing Supply 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															22.24	13.94	3.54	16.75	17.96

Beacon Roofing Supply ROCE % Calculation

Beacon Roofing Supply'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 )
	=	653.087	/	( ( (5667.304 - 1311.782)	+	(5692.461 - 1437.214) )	/ 2 )
	=	653.087	/	( (4355.522	+	4255.247)	/ 2 )
	=	653.087	/	4305.3845
	=	15.17 %

Beacon Roofing Supply'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 )
	=	889.108	/	( ( (6815.98 - 1853.82)	+	(6684.97 - 1743.886) )	/ 2 )
	=	889.108	/	( ( 4962.16	+	4941.084 )	/ 2 )
	=	889.108	/	4951.622
	=	17.96 %

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

Beacon Roofing Supply (FRA:OWY) 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.

Beacon Roofing Supply ROCE % Related Terms

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Beacon Roofing Supply Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Distribution » Beacon Roofing Supply Inc (FRA:OWY) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

BECN:USA OWY:Germany

Address

505 Huntmar Park Drive, Suite 300, Herndon, VA, USA, 20170

Website

https://www.becn.com

Beacon Roofing Supply Inc manufactures and sells roofing and building materials throughout the United States and Canada. Beacon's key customers consist of contractors, home builders, lumberyards, retailers, wholesale distributors, and building materials suppliers. The company's product portfolio includes both residential and non-residential roofing materials, siding, windows, and waterproofing systems. The majority of revenue is generated from residential and non-residential roofing products. The vast majority of Beacon's revenue comes from the United States.

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