Brenntag SE (XTER:BNR) ROCE % : 12.51% (As of Dec. 2023)

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What is Brenntag SE 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. Brenntag SE's annualized ROCE % for the quarter that ended in Dec. 2023 was 12.51%.

Brenntag SE ROCE % Historical Data

The historical data trend for Brenntag SE'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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Brenntag SE ROCE % Chart

Brenntag SE Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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11.94

11.22

11.20

18.05

14.47

Brenntag SE Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial															8.39	17.02	15.75	14.55	12.51

Brenntag SE ROCE % Calculation

Brenntag SE'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 )
	=	1118.1	/	( ( (11373 - 3238)	+	(10337.8 - 3021) )	/ 2 )
	=	1118.1	/	( (8135	+	7316.8)	/ 2 )
	=	1118.1	/	7725.9
	=	14.47 %

Brenntag SE'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: Sep. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	928.4	/	( ( (10470.3 - 2946.9)	+	(10337.8 - 3021) )	/ 2 )
	=	928.4	/	( ( 7523.4	+	7316.8 )	/ 2 )
	=	928.4	/	7420.1
	=	12.51 %

(1) Note: The EBIT data used here is four times the quarterly (Dec. 2023) EBIT data.

Brenntag SE (XTER:BNR) 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.

Brenntag SE ROCE % Related Terms

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Brenntag SE (XTER:BNR) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Brenntag SE (XTER:BNR) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

BNTGY:USA BNTGF:USA BNRd:UK 0MPT:UK BNR:Austria

Address

Messeallee 11, Essen, NW, DEU, 45131

Website

https://www.brenntag.com

Brenntag SE manufactures, distributes, and sells chemicals and chemical-based products in three categories: life science, material science, and environmental. Life science chemicals are used to produce cosmetics, food, animal nutrition, and pharmaceuticals. The material science chemicals are used to produce soaps and detergents, coatings, and paints as well as the extraction of oil and gas. Environmental chemicals are used in the water treatment process. The company organizes itself into four segments based on geography: North America; Latin America; Europe, Middle East, and Africa; and Asia-Pacific. More revenue comes from EMEA than any other segment.

Executives

Michael Friede	Board of Directors
Ulrich Harnacke	Supervisory Board
Stefanie Berlinger	Supervisory Board
Ewout Van Jarwaarde	Board of Directors
Dr. Kristin Neumann	Board of Directors
Richard Ridinger	Supervisory Board
Doreen Nowotne	Supervisory Board
Dr. Andreas Rittstieg	Supervisory Board