K (Kellanova Co) ROCE % : 17.90% (As of Sep. 2024)

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What is Kellanova 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. Kellanova Co's annualized ROCE % for the quarter that ended in Sep. 2024 was 17.90%.

Kellanova Co ROCE % Historical Data

The historical data trend for Kellanova 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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Kellanova Co ROCE % Chart

Kellanova Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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12.21

14.74

12.93

8.82

11.83

Kellanova 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															11.83	6.44	17.14	20.71	17.90

Kellanova Co ROCE % Calculation

Kellanova 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 )
	=	1343	/	( ( (18496 - 6349)	+	(15621 - 5060) )	/ 2 )
	=	1343	/	( (12147	+	10561)	/ 2 )
	=	1343	/	11354
	=	11.83 %

Kellanova 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 )
	=	1908	/	( ( (15299 - 4774)	+	(15763 - 4975) )	/ 2 )
	=	1908	/	( ( 10525	+	10788 )	/ 2 )
	=	1908	/	10656.5
	=	17.90 %

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

Kellanova Co (NYSE:K) 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.

Kellanova Co ROCE % Related Terms

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Kellanova Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Kellanova Co (NYSE:K) » Definitions » ROCE %

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Traded in Other Exchanges

K:Mexico 1K:Italy 0R1R:UK KEL:Germany KEL:Germany KEL:Germany KEL:Germany K1EL34:Brazil KELL:Austria

Address

412 N. Wells Street, Chicago, IL, USA, 60654

Website

https://www.kellanova.com

Following its split from the North American cereal business in October 2023, Kellanova (previously the global snacking arm of Kellogg) has operated as a leading global manufacturer and marketer of salty snacks, snack bars, frozen breakfast fare, meat alternatives, and other packaged foods. Its offerings are manufactured in around 20 countries and marketed in more than 180 countries. Its product mix includes well-known brands such as Pringles, Cheez-It, Rice Krispies Treats, Pop-Tarts, Eggo, Nutri-Grain, and Morningstar Farms. Sales beyond its home turf account for about half of Kellanova's consolidated sales base. Mars is slated to acquire the newly independent business in a nearly $36 billion deal in the first half of calendar 2025.

Executives

Kellogg W K Foundation Trust	10 percent owner	50 S. LA SALLE ST., B-10, CHICAGO IL 60603
Nicolas Amaya	officer: Senior Vice President	ONE KELLOGG SQUARE, BATTLE CREEK MI 49017
Kurt D Forche	officer: VP-Corporate Controller	ONE KELLOGG SQUARE, PO BOX 3599, BATTLE CREEK MI 49016-3599
John Min	officer: Chief Legal Officer	ONE KELLOGG SQUARE, BATTLE CREEK MI 49017
Christopher M Hood	officer: Senior Vice President	ONE KELLOGG SQUARE, PO BOX 3599, BATTLE CREEK MI 49016-3599
Kris Bahner	officer: SVP-Chief Global Corp Affairs	ONE KELLOGG SQUARE, BATTLE CREEK MI 49017
Charisse Ford Hughes	officer: Senior Vice President	C/O CROCS, INC., 13601 VIA VARRA, BROOMFIELD CO 80020
Gary H Pilnick	officer: Senior Vice President
Amit Banati	officer: Senior Vice President	ONE KELLOGG SQUARE, PO BOX 3599, BATTLE CREEK MI 49016-3599
Rodrigo Lance	officer: Senior Vice President	ONE KELLOGG SQUARE, BATTLE CREEK MI 49017
Alistair D Hirst	officer: SVP - Global Supply Chain	ONE KELLOGG SQUARE, PO BOX 3599, BATTLE CREEK MI 49016-3599
J Michael Schlotman	director	1014 VINE ST, CINCINNATI OH 45202
Steven A Cahillane	director, officer: CEO & President	ONE COCA-COLA PLAZA, ATLANTA GA 30313
Shumit Kapoor	officer: Senior Vice President	ONE KELLOGG SQUARE, BATTLE CREEK MI 49017
Maria Fernanda Mejia	officer: Senior Vice President	ONE KELLOGG SQUARE, PO BOX 3599, BATTLE CREEK MI 49016-3599