Flowserve (LTS:0IQE) ROCE % : 12.35% (As of Mar. 2024)

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What is Flowserve 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. Flowserve's annualized ROCE % for the quarter that ended in Mar. 2024 was 12.35%.

Flowserve ROCE % Historical Data

The historical data trend for Flowserve'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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Flowserve ROCE % Chart

Flowserve Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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10.26

6.47

4.91

5.60

8.05

Flowserve 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															5.71	10.36	6.44	9.64	12.35

Flowserve ROCE % Calculation

Flowserve'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 )
	=	290.674	/	( ( (4790.634 - 1243.151)	+	(5108.719 - 1438.576) )	/ 2 )
	=	290.674	/	( (3547.483	+	3670.143)	/ 2 )
	=	290.674	/	3608.813
	=	8.05 %

Flowserve'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 )
	=	453.496	/	( ( (5108.719 - 1438.576)	+	(5149.925 - 1474.176) )	/ 2 )
	=	453.496	/	( ( 3670.143	+	3675.749 )	/ 2 )
	=	453.496	/	3672.946
	=	12.35 %

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

Flowserve (LTS:0IQE) 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.

Flowserve ROCE % Related Terms

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Flowserve (LTS:0IQE) Business Description

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GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Flowserve Corp (LTS:0IQE) » Definitions » ROCE %

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FLS:USA FWV:Germany

Address

5215 North O’Connor Boulevard, Suite 700, Irving, TX, USA, 75039

Website

https://www.flowserve.com

Flowserve Corp is a manufacturer and aftermarket service provider of comprehensive flow control systems. It develops precision-engineered flow control equipment to monitor movement and protect customers' materials and processes. It offers an extensive range of pumps, valves, seals, and services for several global industries, including oil and gas, chemical, power generation, and water management. In addition, Flowserve has a worldwide network of Quick Response Centers to provide aftermarket equipment services. The aftermarket services help customers with installation, advanced diagnostics, repair, and retrofitting. Sales are roughly split across many global regions, with North America and Europe contributing the majority of total revenue.

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