EMCOR Group (FRA:EM4) ROCE % : 32.82% (As of Mar. 2024)

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What is EMCOR Group 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. EMCOR Group's annualized ROCE % for the quarter that ended in Mar. 2024 was 32.82%.

EMCOR Group ROCE % Historical Data

The historical data trend for EMCOR Group'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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EMCOR Group ROCE % Chart

EMCOR Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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17.90

8.62

18.54

20.22

29.95

EMCOR Group 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															21.40	26.30	31.79	39.60	32.82

EMCOR Group ROCE % Calculation

EMCOR Group'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 )
	=	816.178	/	( ( (5215.229 - 2599.325)	+	(6061.114 - 3226.332) )	/ 2 )
	=	816.178	/	( (2615.904	+	2834.782)	/ 2 )
	=	816.178	/	2725.343
	=	29.95 %

EMCOR Group's ROCE % of for the quarter that ended in Mar. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	956.628	/	( ( (6061.114 - 3226.332)	+	(6152.341 - 3156.966) )	/ 2 )
	=	956.628	/	( ( 2834.782	+	2995.375 )	/ 2 )
	=	956.628	/	2915.0785
	=	32.82 %

(1) Note: The EBIT data used here is four times the quarterly (Mar. 2024) EBIT data.

EMCOR Group (FRA:EM4) 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.

EMCOR Group ROCE % Related Terms

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EMCOR Group (FRA:EM4) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » EMCOR Group Inc (FRA:EM4) » Definitions » ROCE %

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EME:USA

Address

301 Merritt Seven, Norwalk, CT, USA, 06851-1092

Website

https://www.emcorgroup.com

EMCOR Group Inc is one of the largest electrical, mechanical, construction, and facilities services firms in the United States. It provides a wide range of services, including the installation of electrical distribution systems, voice & data communication systems, and environmental controls within buildings. The company's services are provided to a broad range of commercial, industrial, utility, and institutional customers. Emcor Group enters contracts for large installation projects in the multimillion-dollar range, or smaller projects involving renovations and retrofit work. It also operates as a subcontractor to general contractors, systems suppliers, and property managers. It generates sales primarily in the United States, but the company does offer services United kingdom.

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