GXO Logistics (STU:93N) ROCE % : 4.14% (As of Sep. 2024)

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What is GXO Logistics 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. GXO Logistics's annualized ROCE % for the quarter that ended in Sep. 2024 was 4.14%.

GXO Logistics ROCE % Historical Data

The historical data trend for GXO Logistics'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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GXO Logistics ROCE % Chart

GXO Logistics Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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3.23

0.36

3.70

5.18

4.63

GXO Logistics 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															6.51	2.86	-1.29	4.71	4.14

GXO Logistics ROCE % Calculation

GXO Logistics'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 )
	=	292.523	/	( ( (8702.736 - 2390.208)	+	(8717.919 - 2408.042) )	/ 2 )
	=	292.523	/	( (6312.528	+	6309.877)	/ 2 )
	=	292.523	/	6311.2025
	=	4.63 %

GXO Logistics'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 )
	=	313.548	/	( ( (10553.44 - 3036.901)	+	(10721.9 - 3092.232) )	/ 2 )
	=	313.548	/	( ( 7516.539	+	7629.668 )	/ 2 )
	=	313.548	/	7573.1035
	=	4.14 %

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

GXO Logistics (STU:93N) 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.

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GXO Logistics Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » GXO Logistics Inc (STU:93N) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

GXO:USA 93N:Germany

Address

Two American Lane, Greenwich, CT, USA, 06831

Website

https://www.gxo.com

GXO Logistics Inc is a contract logistics company. Its revenue is diversified across numerous verticals and customers, including many multinational corporations. It provides warehousing and distribution, order fulfillment, e-commerce, reverse logistics, and other supply chain services differentiated by its ability to deliver technology-enabled, customized solutions at scale. Geographically, it generates revenue from the United Kingdom, the United States, the Netherlands, France, Spain, Italy, and other countries, and derives the majority of its revenue from the United Kingdom.

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