Kirby (FRA:KIY) ROCE % : 7.41% (As of Dec. 2023)

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What is Kirby 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. Kirby's annualized ROCE % for the quarter that ended in Dec. 2023 was 7.41%.

Kirby ROCE % Historical Data

The historical data trend for Kirby'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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Kirby ROCE % Chart

Kirby Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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4.59

-7.14

-5.00

4.43

6.85

Kirby 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															4.94	5.47	7.13	7.69	7.41

Kirby ROCE % Calculation

Kirby'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 )
	=	317.404	/	( ( (5243.848 - 606.234)	+	(5247.255 - 619.704) )	/ 2 )
	=	317.404	/	( (4637.614	+	4627.551)	/ 2 )
	=	317.404	/	4632.5825
	=	6.85 %

Kirby'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 )
	=	346.86	/	( ( (5324.859 - 595.793)	+	(5247.255 - 619.704) )	/ 2 )
	=	346.86	/	( ( 4729.066	+	4627.551 )	/ 2 )
	=	346.86	/	4678.3085
	=	7.41 %

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

Kirby (FRA:KIY) 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.

Kirby ROCE % Related Terms

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Kirby (FRA:KIY) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Kirby Corp (FRA:KIY) » Definitions » ROCE %

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Traded in Other Exchanges

KEX:USA

Address

55 Waugh Drive, Suite 1000, Houston, TX, USA, 77007

Website

https://www.kirbycorp.com

Kirby Corp is a domestic tank barge operator, transporting bulk liquid products throughout three United States coasts. The Company transports petrochemicals, black oil, refined petroleum products, and agricultural chemicals by tank barge. The Company conducts operations in two reportable business segments: The Marine transportation segment which provides marine transportation services, operating tank barges and towing vessels transporting bulk liquid products, and the Distribution and services segment, which provides after-market service, and genuine replacement parts for engines, transmissions, reduction gears, and power generation equipment used in oil and gas and commercial and industrial applications. The company's revenue is generated from the Marine Transportation segment.

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