The Middleby (The Middleby) ROCE % : 7.61% (As of Dec. 2023)

View and export this data going back to 1992. Start your Free Trial

What is The Middleby 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. The Middleby's annualized ROCE % for the quarter that ended in Dec. 2023 was 7.61%.

The Middleby ROCE % Historical Data

The historical data trend for The Middleby'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.

* Premium members only.

The Middleby ROCE % Chart

The Middleby Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

Get a 7-Day Free Trial

12.98

7.78

13.57

11.51

10.71

The Middleby 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															12.95	10.89	12.44	11.54	7.61

The Middleby ROCE % Calculation

The Middleby'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 )
	=	639.726	/	( ( (6874.866 - 988.284)	+	(6906.692 - 851.094) )	/ 2 )
	=	639.726	/	( (5886.582	+	6055.598)	/ 2 )
	=	639.726	/	5971.09
	=	10.71 %

The Middleby'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 )
	=	460.82	/	( ( (6922.608 - 864.247)	+	(6906.692 - 851.094) )	/ 2 )
	=	460.82	/	( ( 6058.361	+	6055.598 )	/ 2 )
	=	460.82	/	6056.9795
	=	7.61 %

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

The Middleby (NAS:MIDD) 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.

The Middleby ROCE % Related Terms

Thank you for viewing the detailed overview of The Middleby's ROCE % provided by GuruFocus.com. Please click on the following links to see related term pages.

The Middleby (The Middleby) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » The Middleby Corp (NAS:MIDD) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

MBY:Germany

Address

1400 Toastmaster Drive, Elgin, IL, USA, 60120

Website

https://www.middleby.com

The Middleby Corp is engaged in designing, manufacturing, marketing, distribution and service of a broad line of foodservice equipment used in all types of commercial restaurants and institutional kitchens, food preparation, cooking, baking, chilling and packaging equipment for food processing operations, and premium kitchen equipment including ranges, ovens, refrigerators, ventilation, dishwashers and outdoor cooking equipment primarily used in the residential market. The company conducts its business through three principal business segments namely the Commercial Foodservice Equipment Group, the Food Processing Equipment Group and the Residential Kitchen Equipment Group. The firm derives majority revenue from Commercial Foodservice Equipment Group segment.

Executives

Chapin Sarah Palisi	director	1400 TOASTMASTER DRIVE, ELGIN IL 60120
Pool Iii James K	officer: Chief Technology and*	1400 TOASTMASTER DRIVE, ELGIN IL 60120
Robert A Nerbonne	director	1400 TOASTMASTER DRIVE, ELGIN IL 60120
Miller John R Iii	director	C/O THE MIDDLEBY CORPORATION, 1400 TOASTMASTER DRIVE, ELGIN IL 60120
Matthew R Fuchsen	officer: Chief Development Officer	1400 TOASTMASTER DRIVE, ELGIN IL 60120
Brittany C Cerwin	officer: Chief Accounting Officer	1400 TOASTMASTER DRIVE, ELGIN IL 60120
Cathy L Mccarthy	director	1400 TOASTMASTER DRIVE, ELGIN IL 60120
Nassem Ziyad	director	C/O MIDDLEBY CORPORATION, 1400 TOASTMASTER DRIVE, ELGIN IL 60120
Timothy John Fitzgerald	officer: Chief Financial Officer	C/O MIDDLEBY CORPORATON, 1400 TOASTMASTER DRIVE, ELGIN IL 60120
Steve Spittle	officer: Chief Commercial Officer	1400 TOASTMASTER DRIVE, ELGIN IL 60120
Bryan E. Mittelman	officer: Chief Accounting Officer	THE MIDDLEBY CORPORATION, 1400 TOASTMASTER DRIVE, ELGIN IL 60120
Martin M Lindsay	officer: Treasurer	C/O THE MIDDLEBY CORPORATION, 1400 TOASTMASTER DR, ELGIN IL 60120
Gordon Obrien	director	1400 TOASTMASTER DRIVE, ELGIN IL 60120
Robert B Lamb	director	C/O THE MIDDLEBY CORPORATION, 1400 TOASTMASTER DR, ELGIN IL 60120
Selim A Bassoul	director, officer: Chief Executive Officer	C/O MIDDLEBY CORP, 1400 TOASTMASTER DRIVE, ELGIN IL 8477413300