Carnival (Carnival) ROCE % : 2.74% (As of Feb. 2024)

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What is Carnival 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. Carnival's annualized ROCE % for the quarter that ended in Feb. 2024 was 2.74%.

Carnival ROCE % Historical Data

The historical data trend for Carnival'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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Carnival ROCE % Chart

Carnival Annual Data

Trend

Nov14

Nov15

Nov16

Nov17

Nov18

Nov19

Nov20

Nov21

Nov22

Nov23

ROCE %

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9.45

-23.15

-18.03

-10.64

5.09

Carnival Quarterly Data
	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
ROCE %	Get a 7-Day Free Trial															-1.43	1.38	16.07	4.47	2.74

Carnival ROCE % Calculation

Carnival's annualized ROCE % for the fiscal year that ended in Nov. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Nov. 2023 )		(A: Nov. 2022 )		(A: Nov. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Nov. 2023 )		(A: Nov. 2022 )		(A: Nov. 2023 )
	=	2004	/	( ( (51703 - 10605)	+	(49120 - 11481) )	/ 2 )
	=	2004	/	( (41098	+	37639)	/ 2 )
	=	2004	/	39368.5
	=	5.09 %

Carnival's ROCE % of for the quarter that ended in Feb. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Feb. 2024 )		(Q: Nov. 2023 )		(Q: Feb. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Feb. 2024 )		(Q: Nov. 2023 )		(Q: Feb. 2024 )
	=	1028	/	( ( (49120 - 11481)	+	(49761 - 12396) )	/ 2 )
	=	1028	/	( ( 37639	+	37365 )	/ 2 )
	=	1028	/	37502
	=	2.74 %

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

Carnival (NYSE:CUK) 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.

Carnival ROCE % Related Terms

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Carnival (Carnival) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Carnival PLC (NYSE:CUK) » Definitions » ROCE %

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Address

Carnival House, 100 Harbour Parade, Southampton, Hampshire, GBR, S015 1ST

Website

https://www.carnivalplc.com

Carnival is the largest global cruise company, with 92 ships in service at the end of fiscal 2023. Its portfolio of brands includes Carnival Cruise Lines, Holland America, Princess Cruises, and Seabourn in North America; P&O Cruises and Cunard Line in the United Kingdom; Aida in Germany; Costa Cruises in Southern Europe; and P&O Cruises in Australia. Carnival also owns Holland America Princess Alaska Tours in Alaska and the Canadian Yukon. Carnival's brands attracted nearly 13 million guests in 2019, prior to COVID-19, a level it has reached again in 2023.

Executives

David Bernstein	officer: Sr. Vice President & CFO	3655 NW 87TH AVENUE, MIAMI FL 33178
Randall J Weisenburger	director	C/O WASSERSTEIN PERELLA GROUP, 31 WEST 52ND ST 26TH FLOOR, NEW YORK NY 10019
Bettina Alejandra Deynes	officer: Chief Human Resources Officer	92 SW 3RD STREET, UNIT 4812, MIAMI FL 33130
Bessemer Trust Co Of Delaware, N.a.	10 percent owner, other: See Remarks	20 MONTCHANIN ROAD, SUITE 1500, WILMINGTON DE 19807
Sara Mathew	director	CAMPBELL SOUP COMPANY, ONE CAMPBELL PLACE, CAMDEN NJ 08103
William Richard Burke	officer: Chief Maritime Officer	6301 COLLINS AVENUE, APT. 1903, MIAMI BEACH FL 33141
Joshua Ian Weinstein	director, officer: President & CEO	3273 COACOOCHEE STREET, MIAMI FL 33133
Sir John Parker	director
Arnold W Donald	director	C/O CARNIVAL CORPORATION, 3655 N.W. 87TH AVENUE, MIAMI FL 33178
Michael Olaf Thamm	officer: CEO - Costa Crociere	COSTA CROCIERE SPA, PIAZZA PICCAPIETRA, 48, GENOVA L6 16121
Enrique Miguez	officer: General Counsel	3600 DURANGO STREET, CORAL GABLES FL 33134
Arnaldo Perez	officer: SVP, Gen Counsel & Secretary	3655 NW 87TH AVE, C/O CARNIVAL CORP, MIAMI FL 33178-2428
Peter C. Anderson	officer: Chief Ethics & Compliance	1541 BRICKELL AVENUE, UNIT B-2604, MIAMI FL 33129
Richard Glasier	director	219 PIASA ST, ALTON IL 62002
Jeffrey J Gearhart	director	702 SOUTHWEST 8TH STREET, BENTONVILLE AR 72716-0215