Packaging of America (Packaging of America) ROCE % : 14.51% (As of Dec. 2023)

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What is Packaging of America 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. Packaging of America's annualized ROCE % for the quarter that ended in Dec. 2023 was 14.51%.

Packaging of America ROCE % Historical Data

The historical data trend for Packaging of America'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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Packaging of America ROCE % Chart

Packaging of America Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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16.88

11.03

18.54

20.39

14.68

Packaging of America Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial															14.98	15.55	14.46	14.51	10.63

Packaging of America ROCE % Calculation

Packaging of America'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 )
	=	1067.4	/	( ( (8003.8 - 875.5)	+	(8681.1 - 1265.7) )	/ 2 )
	=	1067.4	/	( (7128.3	+	7415.4)	/ 2 )
	=	1067.4	/	7271.85
	=	14.68 %

Packaging of America'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 )
	=	1038.4	/	( ( (8177.6 - 1278.9)	+	(8681.1 - 1265.7) )	/ 2 )
	=	1038.4	/	( ( 6898.7	+	7415.4 )	/ 2 )
	=	1038.4	/	7157.05
	=	14.51 %

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

Packaging of America (NYSE:PKG) 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.

Packaging of America ROCE % Related Terms

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Packaging of America (Packaging of America) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Packaging & Containers » Packaging Corp of America (NYSE:PKG) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

PKA:Germany PKA:Germany

Address

1 North Field Court, Lake Forest, IL, USA, 60045

Website

https://www.packagingcorp.com

Packaging Corp of America is the third-largest containerboard and corrugated packaging manufacturer in the United States. It produces over 4 million tons of containerboard annually. The company's share of the domestic containerboard market is roughly 10%. The firm differentiates itself from larger competitors by focusing on smaller customers and operating with a high degree of flexibility.

Executives

Paul T Stecko	director, officer: Chairman/Chief Exec. Officer
Kent A. Pflederer	officer: VP, Gen. Counsel & Sec.	PACKAGING CORPORATION OF AMERICA, 1955 W. FIELD CT., LAKE FOREST IL 60645
Donald R. Shirley	officer: SVP	1 N. FIELD COURT, LAKE FOREST IL 60045
Bruce A Ridley	officer: SVP	1 N. FIELD CT, LAKE FOREST IL 60045
Robert Andrew Schneider	officer: SVP & CIO	1 N. FIELD CT, LAKE FOREST IL 60045
Thomas A Hassfurther	officer: Senior VP-Sales & Marketing	C/O PACKAGING CORPORATION OF AMERICA, 1900 WEST FIELD COURT, LAKE FOREST IL 60045
Charles J. Carter	officer: VP-Containerboard	1900 W. FIELD CT., LAKE FOREST IL 60045
Robert P. Mundy	officer: SVP	6775 LENOX CENTER COURT, SUITE 400, MEMPHIS TN 38115
Donna A. Harman	director	PACKAGING CORPORATION OF AMERICA, 1 N. FIELD CT., LAKE FOREST IL 60045
Darla J. Olivier	officer: SVP	1 N. FIELD CT., LAKE FOREST IL 60045
Walton Thomas W.h.	officer: SVP	C/O PACKAGING CORPORATION OF AMERICA, 1900 W. FIELD CT., LAKE FOREST IL 60045
Jeffrey S Kaser	officer: SVP	1 N FIELD CT, LAKE FOREST IL 60045
Robert C Lyons	director	500 WEST MONROE ST, CHICAGO IL 60661
Pamela A. Barnes	officer: SVP	1 N. FIELD CT, LAKE FOREST IL 60045
Samuel M Mencoff	director, 10 percent owner	BUCKEYE TECHNOLOGIES INC, 1001 TILLMAN STREET, MEMPHIS TN 38112