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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. Bio-Rad Laboratories's annualized ROCE % for the quarter that ended in Sep. 2024 was 36.21%.
The historical data trend for Bio-Rad Laboratories'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.
Bio-Rad Laboratories Annual Data | |||||||||||||||||||||
Trend | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | |||||||||||
ROCE % | Get a 7-Day Free Trial | 37.26 | 50.81 | 37.00 | -31.05 | -6.48 |
Bio-Rad Laboratories Quarterly Data | ||||||||||||||||||||
Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | Mar24 | Jun24 | Sep24 | |
ROCE % | Get a 7-Day Free Trial | 5.26 | 15.25 | 16.83 | -103.97 | 36.21 |
Bio-Rad Laboratories'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 ) | |||||
= | -800.665 | / | ( ( (13501.666 - 568.708) | + | (12299.07 - 522.799) ) | / 2 ) | |
= | -800.665 | / | ( (12932.958 | + | 11776.271) | / 2 ) | |
= | -800.665 | / | 12354.6145 | ||||
= | -6.48 % |
Bio-Rad Laboratories's ROCE % of for the quarter that ended in Sep. 2024 is calculated as:
ROCE % | = | EBIT (1) | / | ( (Capital Employed | + | Capital Employed) | / count ) |
(Q: Sep. 2024 ) | (Q: Jun. 2024 ) | (Q: Sep. 2024 ) | |||||
= | EBIT | / | ( ( (Total Assets - Total Current Liabilities) | + | (Total Assets - Total Current Liabilities) ) | / count ) | |
(Q: Sep. 2024 ) | (Q: Jun. 2024 ) | (Q: Sep. 2024 ) | |||||
= | 3495.176 | / | ( ( (9688.446 - 486.961) | + | (10603.472 - 497.943) ) | / 2 ) | |
= | 3495.176 | / | ( ( 9201.485 | + | 10105.529 ) | / 2 ) | |
= | 3495.176 | / | 9653.507 | ||||
= | 36.21 % |
(1) Note: The EBIT data used here is four times the quarterly (Sep. 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.
Bio-Rad Laboratories (NYSE:BIO) 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 Bio-Rad Laboratories's ROCE % provided by GuruFocus.com. Please click on the following links to see related term pages.
Tania Devilliers | officer: INT PRIN ACCTG OFC | C/O BIO-RAD LABORATORIES, INC., 1000 ALFRED NOBEL DRIVE, HERCULES CA 94547 |
Sedat Evran | officer: EVP, Global Supply Chain | C/O BIO-RAD LABORATORIES, INC., 1000 ALFRED NOBEL DRIVE, HERCULES CA 94547 |
Corey Colleen | officer: EVP, Global Human Resources | 1000 ALFRED NOBEL DRIVE, HERCULES CA 94547 |
Diane Dahowski | officer: EVP, Global Supply Chain | C/O BIO-RAD LABORATORIES, INC., 1000 ALFRED NOBEL DRIVE, HERCULES CA 94547 |
Schwartz Allison | director | C/O BIO-RAD LABORATORIES, INC., 1000 ALFRED NOBEL DRIVE, HERCULES CA 94547 |
Simon May | officer: EVP, President, LSG | C/O BIO-RAD LABORATORIES, INC., 1000 ALFRED NOBEL DRIVE, HERCULES CA 94547 |
Andrew J. Last | officer: EVP, Chief Operating Officer | 3420 CENTRAL EXPRESSWAY, SANTA CLARA CA 95051 |
Ajit Ramalingam | officer: SVP, Chief Accounting Officer | C/O BIO-RAD LABORATORIES, INC., 1000 ALFRED NOBEL DRIVE, HERCULES CA 94547 |
Ilan Daskal | officer: EVP, Chief Financial Officer | 1000 ALFRED NOBEL DRIVE, HERCULES CA 94547 |
Timothy S Ernst | officer: EVP, General Counsel & Sec | 1000 ALFRED NOBEL DRIVE, HERCULES CA 94547 |
Dara Wright | officer: Executive Vice President | C/O BIO-RAD LABORATORIES, INC., 1000 ALFRED NOBEL DRIVE, HERCULES CA 94547 |
Michael Crowley | officer: EVP, GBL Commercial Operations | 1000 ALFRED NOBEL DRIVE, HERCULES CA 94547 |
Steven D Schwartz | 10 percent owner | 1000 ALFRED NOBEL DRIVE, HERCULES CA 94547 |
Alice N Schwartz | director, 10 percent owner | |
Norman D Schwartz | director, 10 percent owner, officer: Chairman, President, and CEO | 1000 ALFRED NOBEL DRIVE, HERCULES CA 94547 |
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