QinetiQ Group (LSE:QQ.) ROCE % : 13.61% (As of Sep. 2023)

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What is QinetiQ 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. QinetiQ Group's annualized ROCE % for the quarter that ended in Sep. 2023 was 13.61%.

QinetiQ Group ROCE % Historical Data

The historical data trend for QinetiQ 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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QinetiQ Group ROCE % Chart

QinetiQ Group Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

ROCE %

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14.13

12.83

13.79

11.02

15.02

QinetiQ Group Semi-Annual Data
	Mar14	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
ROCE %	Get a 7-Day Free Trial															7.87	14.01	21.58	10.66	13.61

QinetiQ Group ROCE % Calculation

QinetiQ Group's annualized ROCE % for the fiscal year that ended in Mar. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Mar. 2023 )		(A: Mar. 2022 )		(A: Mar. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Mar. 2023 )		(A: Mar. 2022 )		(A: Mar. 2023 )
	=	204.6	/	( ( (1768.7 - 508.6)	+	(2072.1 - 607.7) )	/ 2 )
	=	204.6	/	( (1260.1	+	1464.4)	/ 2 )
	=	204.6	/	1362.25
	=	15.02 %

QinetiQ Group's ROCE % of for the quarter that ended in Sep. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2023 )		(Q: Mar. 2023 )		(Q: Sep. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2023 )		(Q: Mar. 2023 )		(Q: Sep. 2023 )
	=	203.6	/	( ( (2072.1 - 607.7)	+	(2045.1 - 518.2) )	/ 2 )
	=	203.6	/	( ( 1464.4	+	1526.9 )	/ 2 )
	=	203.6	/	1495.65
	=	13.61 %

(1) Note: The EBIT data used here is two times the semi-annual (Sep. 2023) EBIT data.

QinetiQ Group (LSE:QQ.) 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.

QinetiQ Group ROCE % Related Terms

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QinetiQ Group (LSE:QQ.) Business Description

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GURUFOCUS.COM » STOCK LIST » Industrials » Aerospace & Defense » QinetiQ Group PLC (LSE:QQ.) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

QNTQY:USA QNTQF:USA QQl:UK QY6:Germany

Address

Ively Road, Cody Technology Park, Farnborough, Hampshire, GBR, GU14 0LX

Website

https://www.qinetiq.com

QinetiQ Group PLC is a company operating in the global aerospace, defense, and security sectors. The services and products offered are air (air engineering services, air traffic management, safety, and environmental management); C4ISR (communication, reconnaissance, intelligence and surveillance, space security, fast jet sensor fusion training, sensors, cyber and data science among many others); Cyber (accreditation support, security health check, data classification, insider threat management among others); Maritime ( Maritime Autonomy Centre, Naval Mission Systems, Maritime Stealth among many others).

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