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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. Apogee Enterprises's annualized ROCE % for the quarter that ended in Aug. 2024 was 25.22%.
The historical data trend for Apogee Enterprises'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.
Apogee Enterprises Annual Data | |||||||||||||||||||||
Trend | Feb15 | Feb16 | Feb17 | Feb18 | Feb19 | Feb20 | Feb21 | Feb22 | Feb23 | Feb24 | |||||||||||
ROCE % | Get a 7-Day Free Trial | 10.46 | 3.28 | 2.43 | 18.72 | 20.72 |
Apogee Enterprises Quarterly Data | ||||||||||||||||||||
Nov19 | Feb20 | May20 | Aug20 | Nov20 | Feb21 | May21 | Aug21 | Nov21 | Feb22 | May22 | Aug22 | Nov22 | Feb23 | May23 | Aug23 | Nov23 | Feb24 | May24 | Aug24 | |
ROCE % | Get a 7-Day Free Trial | 26.50 | 21.90 | 12.47 | 25.53 | 25.22 |
Apogee Enterprises's annualized ROCE % for the fiscal year that ended in Feb. 2024 is calculated as:
ROCE % | = | EBIT | / | ( (Capital Employed | + | Capital Employed) | / count ) |
(A: Feb. 2024 ) | (A: Feb. 2023 ) | (A: Feb. 2024 ) | |||||
= | EBIT | / | ( ( (Total Assets - Total Current Liabilities) | + | (Total Assets - Total Current Liabilities) ) | / count ) | |
(A: Feb. 2024 ) | (A: Feb. 2023 ) | (A: Feb. 2024 ) | |||||
= | 135.922 | / | ( ( (915.365 - 242.549) | + | (884.064 - 244.705) ) | / 2 ) | |
= | 135.922 | / | ( (672.816 | + | 639.359) | / 2 ) | |
= | 135.922 | / | 656.0875 | ||||
= | 20.72 % |
Apogee Enterprises's ROCE % of for the quarter that ended in Aug. 2024 is calculated as:
ROCE % | = | EBIT (1) | / | ( (Capital Employed | + | Capital Employed) | / count ) |
(Q: Aug. 2024 ) | (Q: May. 2024 ) | (Q: Aug. 2024 ) | |||||
= | EBIT | / | ( ( (Total Assets - Total Current Liabilities) | + | (Total Assets - Total Current Liabilities) ) | / count ) | |
(Q: Aug. 2024 ) | (Q: May. 2024 ) | (Q: Aug. 2024 ) | |||||
= | 169.02 | / | ( ( (888.979 - 227.103) | + | (917.092 - 238.849) ) | / 2 ) | |
= | 169.02 | / | ( ( 661.876 | + | 678.243 ) | / 2 ) | |
= | 169.02 | / | 670.0595 | ||||
= | 25.22 % |
(1) Note: The EBIT data used here is four times the quarterly (Aug. 2024) EBIT data.
* 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.
Apogee Enterprises (NAS:APOG) 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.
Thank you for viewing the detailed overview of Apogee Enterprises's ROCE % provided by GuruFocus.com. Please click on the following links to see related term pages.
Brent C Jewell | officer: Sr VP Business Dev & Strategy | 4400 WEST 78TH STREET, SUITE 520, MINNEAPOLIS MN 55435 |
Ty R Silberhorn | director, officer: Chief Executive Officer & Pres | 3M COMPANY OFFICE OF GENERAL COUNSEL, 3M CENTER, ST PAUL MN 55144-1000 |
Lloyd Emerson Johnson | director | 16737 NEW PROVIDENCE LANE, CHARLOTTE NC 28277 |
Curtis John Dobler | officer: SVP & CHRO | 4400 WEST 78TH STREET, SUITE 520, MINNEAPOLIS MN 55435 |
Herbert K Parker | director | 38505 WOODWARD AVENUE, SUITE 200, BLOOMFIELD HILLS MI 48304 |
Troy R Johnson | officer: Pres, Architectural Services | C/O APOGEE ENTERPRISES, INC., 4400 WEST 78TH STREET, SUITE 520, MINNEAPOLIS MN 55435 |
Meghan Marie Elliott | officer: Vice Pres, Gen Counsel, Secy | C/O APOGEE ENTERPRISES, INC., 4400 WEST 78TH STREET, SUITE 520, MINNEAPOLIS MN 55435 |
Jane Marie Boyce | officer: President, Large Scale Optical | 4400 W 78TH STREET, SUITE 520, MINNEAPOLIS MN 55435 |
Matthew J Osberg | officer: EVP and CFO | 1 HELEN OF TROY PLAZA, EL PASO TX 79912 |
Gary R Johnson | officer: Treasurer & Vice President | |
Mark Richard Augdahl | officer: VP, Finance & Corp Controller | 4400 WEST 78TH STREET, SUITE 520, MINNEAPOLIS MN 55435 |
Nicholas Charles Longman | officer: Pres, Architectural Glass | C/O APOGEE ENTERPRISES, INC., 4400 WEST 78TH STREET, SUITE 520, MINNEAPOLIS MN 55435 |
Bernard P Aldrich | director | 7725 WASHINGTON AVENUE SOUTH, MINNEAPOLIS MN 55439 |
Joseph F. Puishys | director, officer: Chief Executive Officer & Pres | 4400 WEST 78TH STREET, SUITE 520, MINNEAPOLIS MN 55435 |
Maureen Ann Hayes | officer: Chief Information Officer | 4400 WEST 78TH STREET, SUITE 520, MINNEAPOLIS MN 55435 |
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