Kontoor Brands (Kontoor Brands) ROCE % : 26.64% (As of Mar. 2024)

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What is Kontoor Brands 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. Kontoor Brands's annualized ROCE % for the quarter that ended in Mar. 2024 was 26.64%.

Kontoor Brands ROCE % Historical Data

The historical data trend for Kontoor Brands'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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Kontoor Brands ROCE % Chart

Kontoor Brands Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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11.47

10.83

25.66

31.91

26.08

Kontoor Brands 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															31.26	19.81	26.93	24.28	26.64

Kontoor Brands ROCE % Calculation

Kontoor Brands'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 )
	=	312.307	/	( ( (1582.261 - 440.429)	+	(1645.439 - 392.637) )	/ 2 )
	=	312.307	/	( (1141.832	+	1252.802)	/ 2 )
	=	312.307	/	1197.317
	=	26.08 %

Kontoor Brands'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 )
	=	335.888	/	( ( (1645.439 - 392.637)	+	(1661.437 - 392.638) )	/ 2 )
	=	335.888	/	( ( 1252.802	+	1268.799 )	/ 2 )
	=	335.888	/	1260.8005
	=	26.64 %

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

Kontoor Brands (NYSE:KTB) 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.

Kontoor Brands ROCE % Related Terms

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Kontoor Brands (Kontoor Brands) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Kontoor Brands Inc (NYSE:KTB) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

3KO:Germany 3KO:Germany

Address

400 N. Elm Street, Greensboro, NC, USA, 27401

Website

https://www.kontoorbrands.com

Kontoor Brands Inc is a lifestyle apparel company. It is engaged in designing, manufacturing, sourcing, marketing, and distribution of its portfolio of brands, including Wrangler and Lee. It manufactures its products in owned and leased facilities and distributes the products through both brick and mortar and e-commerce retailers. It generates the majority of its revenue from the Wrangler segment. The company's geographical segments are the United States and International, of which the majority of its revenue comes from the United States.

Executives

Susan Denise Sumner	officer: VP & CAO	400 N. ELM STREET, GREENSBORO NC 27401
Joseph A Alkire	officer: EVP & Chief Financial Officer	C/O KONTOOR BRANDS, INC., 400 N. ELM STREET, GREENSBORO NC 27401
Thomas E. Waldron	officer: VP & GB President - Wrangler	400 NORTH ELM STREET, GREENSBORO NC 27401
Andrew E Page	director	C/O FOOT LOCKER, INC., 330 WEST 34TH STREET, NEW YORK NY 10001
Doerr Thomas L Jr	officer: EVP, GC, & Corp. Sec.	ONE PARK PLAZA, 11270 W. PARK PLACE, SUITE 1000, MILWAUKEE WI 53224
Ashley Goldsmith	director	400 N. ELM STREET, GREENSBORO NC 27401
Scott H Baxter	director, officer: President & CEO	400 NORTH ELM STREET, GREENSBORO NC 27401
Laurel Krueger	officer: VP, GC & Corporate Secretary	ONE EXPRESS DRIVE, COLUMBUS OH 43230
Mark L. Schiller	director	C/O THE HAIN CELESTIAL GROUP, INC., 1111 MARCUS AVENUE, LAKE SUCCESS NY 11042
Robert Lynch	director	P. O. BOX 99900, LOUISVILLE KY 40269
Richard Carucci	director	1441 GARDINER LANE, LOUISVILLE KY 47113
Juliana L Chugg	director	1200 WILLOW LAKE BOULEVARD, PO BOX 64683, ST PAUL MN 55164-0683
Rich Williams	director	600 W. CHICAGO AVENUE SUITE 400, CHICAGO IL 60654
Rustin Welton	officer: VP & CFO	400 NORTH ELM STREET, GREENSBORO NC 27401
Christopher Waldeck	officer: VP & GB President - Lee	400 NORTH ELM STREET, GREENSBORO NC 27401