Spirax Group (Spirax Group) ROCE % : 14.67% (As of Dec. 2023)

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What is Spirax 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. Spirax Group's annualized ROCE % for the quarter that ended in Dec. 2023 was 14.67%.

Spirax Group ROCE % Historical Data

The historical data trend for Spirax 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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Spirax Group ROCE % Chart

Spirax Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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18.28

17.13

21.54

17.23

13.69

Spirax Group Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
ROCE %	Get a 7-Day Free Trial															23.12	17.43	18.64	13.08	14.67

Spirax Group ROCE % Calculation

Spirax 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 )
	=	374.304	/	( ( (3392.083 - 776.492)	+	(3428.354 - 574.684) )	/ 2 )
	=	374.304	/	( (2615.591	+	2853.67)	/ 2 )
	=	374.304	/	2734.6305
	=	13.69 %

Spirax Group's ROCE % of for the quarter that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2023 )		(Q: Jun. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Jun. 2023 )		(Q: Dec. 2023 )
	=	403.544	/	( ( (3388.258 - 739.52)	+	(3428.354 - 574.684) )	/ 2 )
	=	403.544	/	( ( 2648.738	+	2853.67 )	/ 2 )
	=	403.544	/	2751.204
	=	14.67 %

(1) Note: The EBIT data used here is two times the semi-annual (Dec. 2023) EBIT data.

Spirax Group (OTCPK:SPXSY) 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.

Spirax Group ROCE % Related Terms

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Spirax Group (Spirax Group) Business Description

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GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Spirax Group PLC (OTCPK:SPXSY) » Definitions » ROCE %

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SPXSF:USA SPXl:UK SPX:UK

Address

Cirencester Road, Charlton House, Cheltenham, Gloucestershire, GBR, GL53 8ER

Website

https://www.spiraxsarcoengineering.com

Spirax-Sarco is a global manufacturer of a wide range of applications for industrial and commercial steam systems, electric thermal solutions and peristaltic pumps used across multiple industries. The group operates across three segments and has over 110,000 direct customers across 130 countries. Approximately 85% of group sales are generated from recurring maintenance and small improvements to existing customer systems. Spirax-Sarco has 1,700 product lines and 2,100 sales and service engineers, who account for 25% of employees.

Spirax Group (Spirax Group) Headlines

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