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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. Kennametal's annualized ROCE % for the quarter that ended in Jun. 2024 was 11.72%.
The historical data trend for Kennametal'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.
Kennametal Annual Data | |||||||||||||||||||||
Trend | Jun15 | Jun16 | Jun17 | Jun18 | Jun19 | Jun20 | Jun21 | Jun22 | Jun23 | Jun24 | |||||||||||
ROCE % | Get a 7-Day Free Trial | 1.71 | 5.08 | 10.78 | 8.96 | 8.14 |
Kennametal Quarterly Data | ||||||||||||||||||||
Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | Mar24 | Jun24 | |
ROCE % | Get a 7-Day Free Trial | 10.26 | 8.56 | 5.52 | 6.67 | 11.72 |
Kennametal's annualized ROCE % for the fiscal year that ended in Jun. 2024 is calculated as:
ROCE % | = | EBIT | / | ( (Capital Employed | + | Capital Employed) | / count ) |
(A: Jun. 2024 ) | (A: Jun. 2023 ) | (A: Jun. 2024 ) | |||||
= | EBIT | / | ( ( (Total Assets - Total Current Liabilities) | + | (Total Assets - Total Current Liabilities) ) | / count ) | |
(A: Jun. 2024 ) | (A: Jun. 2023 ) | (A: Jun. 2024 ) | |||||
= | 170.922 | / | ( ( (2547.234 - 433.975) | + | (2503.758 - 415.961) ) | / 2 ) | |
= | 170.922 | / | ( (2113.259 | + | 2087.797) | / 2 ) | |
= | 170.922 | / | 2100.528 | ||||
= | 8.14 % |
Kennametal's ROCE % of for the quarter that ended in Jun. 2024 is calculated as:
ROCE % | = | EBIT (1) | / | ( (Capital Employed | + | Capital Employed) | / count ) |
(Q: Jun. 2024 ) | (Q: Mar. 2024 ) | (Q: Jun. 2024 ) | |||||
= | EBIT | / | ( ( (Total Assets - Total Current Liabilities) | + | (Total Assets - Total Current Liabilities) ) | / count ) | |
(Q: Jun. 2024 ) | (Q: Mar. 2024 ) | (Q: Jun. 2024 ) | |||||
= | 245.696 | / | ( ( (2518.645 - 413.245) | + | (2503.758 - 415.961) ) | / 2 ) | |
= | 245.696 | / | ( ( 2105.4 | + | 2087.797 ) | / 2 ) | |
= | 245.696 | / | 2096.5985 | ||||
= | 11.72 % |
(1) Note: The EBIT data used here is four times the quarterly (Jun. 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.
Kennametal (NYSE:KMT) 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 Kennametal's ROCE % provided by GuruFocus.com. Please click on the following links to see related term pages.
John Wayne Witt | officer: Vice President | 525 WILLIAM PENN PLACE, SUITE 3300, PITTSBURGH PA 15219 |
Sanjay Chowbey | officer: Vice President | 525 WILLIAM PENN PLACE, SUITE 3300, PITTSBURGH PA 15219 |
Michelle R Keating | officer: Vice President | 525 WILLIAM PENN PLACE, 33RD FLOOR, PITTSBURGH PA 15219 |
William J. Harvey | director | 26 PHEASANT'S RIDGE SOUTH, GREENVILLE DE 19807 |
Cindy L Davis | director | 2635 SW GRENWOLDE PLACE, PORTLAND OR 97201 |
William M Lambert | director | C/O MSA SAFETY, 1000 CRANBERRY WOODS DRIVE, CRANBERRY TWP PA 16066 |
Joseph Alvarado | director | 705 N. BAR Y ROAD, P.O. BOX 11368, JACKSON WY 83002 |
Christopher Rossi | officer: President and CEO | C/O KENNAMETAL INC., 525 WILLIAM PENN PLACE, 33RD FLOOR, PITTSBURGH PA 15219 |
Franklin Cardenas | officer: Vice President | 525 WILLIAM PENN PLACE, SUITE 3300, PITTSBURGH PA 15219 |
Steven H Wunning | director | 471 EAST HIGH POINT DRIVE, PEORIA IL 61614 |
Lorraine M Martin | director | 1121 SPRING LAKE DRIVE, ITASCA IL 60143 |
Paul Sternlieb | director | 70 WEST MADISON SUITE 4400, CHICAGO IL 60602 |
Judith L Bacchus | officer: Vice President | 525 WILLIAM PENN PLACE, 33RD FLOOR, PITTSBURGH PA 15219 |
Patrick S Watson | officer: Vice President | 525 WILLIAM PENN PLACE, 33RD FLOOR, PITTSBURGH PA 15219 |
Ronald L Port | officer: Vice President | 525 WILLIAM PENN PLACE, 33RD FLOOR, PITTSBURGH PA 15219 |
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