Akzo Nobel NV (XAMS:AKZA) ROCE % : 12.60% (As of Sep. 2024)

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What is Akzo Nobel NV 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. Akzo Nobel NV's annualized ROCE % for the quarter that ended in Sep. 2024 was 12.60%.

Akzo Nobel NV ROCE % Historical Data

The historical data trend for Akzo Nobel NV'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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Akzo Nobel NV ROCE % Chart

Akzo Nobel NV Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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7.17

10.13

12.35

7.86

10.95

Akzo Nobel NV 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															14.92	6.25	11.93	12.87	12.60

Akzo Nobel NV ROCE % Calculation

Akzo Nobel NV'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 )
	=	977	/	( ( (14741 - 5746)	+	(14558 - 5706) )	/ 2 )
	=	977	/	( (8995	+	8852)	/ 2 )
	=	977	/	8923.5
	=	10.95 %

Akzo Nobel NV'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 )
	=	1168	/	( ( (14484 - 5506)	+	(15348 - 5785) )	/ 2 )
	=	1168	/	( ( 8978	+	9563 )	/ 2 )
	=	1168	/	9270.5
	=	12.60 %

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

Akzo Nobel NV (XAMS:AKZA) 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.

Akzo Nobel NV ROCE % Related Terms

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Akzo Nobel NV Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Akzo Nobel NV (XAMS:AKZA) » Definitions » ROCE %

Comparable Companies

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AKZOY:USA AKZOF:USA AKZAa:UK 0LND:UK AKUP:Germany AKU1:Germany AKU1:Germany AKU1:Germany

Address

Christian Neefestraat 2, Amsterdam, NH, NLD, 1077 WW

Website

https://www.akzonobel.com

Netherlands-based AkzoNobel is the world's third-largest paint and coatings producer. Europe is the largest market, with around 46% of sales generated in the Europe, Middle East, and Africa, or EMEA, region. Cumulatively, the Asia-Pacific and Latin American divisions have also grown quickly to more than 40% of sales. Construction-related end markets are the most important, but meaningful revenue is also generated from the industrial, consumer goods, and transportation markets.

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