BlackRock (WBO:BLK) ROCE % : 7.47% (As of Sep. 2024)

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What is BlackRock 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. BlackRock's annualized ROCE % for the quarter that ended in Sep. 2024 was 7.47%.

BlackRock ROCE % Historical Data

The historical data trend for BlackRock'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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BlackRock ROCE % Chart

BlackRock Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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3.72

3.75

5.32

5.04

6.16

BlackRock 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															6.38	6.64	6.57	6.98	7.47

BlackRock ROCE % Calculation

BlackRock'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 )
	=	6828.899	/	( ( (111040.832 - 1221.536)	+	(112984.487 - 1137.08) )	/ 2 )
	=	6828.899	/	( (109819.296	+	111847.407)	/ 2 )
	=	6828.899	/	110833.3515
	=	6.16 %

BlackRock'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 )
	=	8718.076	/	( ( (116376.759 - 1255.079)	+	(119667.216 - 1305.549) )	/ 2 )
	=	8718.076	/	( ( 115121.68	+	118361.667 )	/ 2 )
	=	8718.076	/	116741.6735
	=	7.47 %

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

BlackRock (WBO:BLK) 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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BlackRock Business Description

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GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » BlackRock Inc (WBO:BLK) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

BLK:USA BLK:Mexico 1BLK:Italy 0QZZ:UK UU2:Germany UU2:Germany UU2:Germany UU2:Germany BLK:Canada BLAK34:Brazil

Address

50 Hudson Yards, New York, NY, USA, 10001

Website

https://www.blackrock.com

BlackRock is the largest asset manager in the world, with $11.475 trillion in assets under management at the end of September 2024. Its product mix is fairly diverse, with 55% of managed assets in equity strategies, 26% in fixed income, 9% in multi-asset classes, 7% in money market funds, and 3% in alternatives. Passive strategies account for around two thirds of long-term AUM, with the company's ETF platform maintaining a leading market share domestically and on a global basis. Product distribution is weighted more toward institutional clients, which by our calculations account for around 80% of AUM. BlackRock is geographically diverse, with clients in more than 100 countries and more than one third of managed assets coming from investors domiciled outside the US and Canada.