Badger Meter (STU:33B) ROCE % : 24.55% (As of Mar. 2024)

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What is Badger Meter 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. Badger Meter's annualized ROCE % for the quarter that ended in Mar. 2024 was 24.55%.

Badger Meter ROCE % Historical Data

The historical data trend for Badger Meter'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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Badger Meter ROCE % Chart

Badger Meter Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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17.94

16.20

19.10

19.09

21.59

Badger Meter 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															19.70	22.15	22.97	22.14	24.55

Badger Meter ROCE % Calculation

Badger Meter'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 )
	=	108.132	/	( ( (569.276 - 104.135)	+	(657.415 - 120.996) )	/ 2 )
	=	108.132	/	( (465.141	+	536.419)	/ 2 )
	=	108.132	/	500.78
	=	21.59 %

Badger Meter'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 )
	=	134.564	/	( ( (657.415 - 120.996)	+	(683.996 - 124.286) )	/ 2 )
	=	134.564	/	( ( 536.419	+	559.71 )	/ 2 )
	=	134.564	/	548.0645
	=	24.55 %

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

Badger Meter (STU:33B) 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.

Badger Meter ROCE % Related Terms

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Badger Meter (STU:33B) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Badger Meter Inc (STU:33B) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

BMI:USA

Address

4545 West Brown Deer Road, Milwaukee, WI, USA, 53233

Website

https://www.badgermeter.com

Badger Meter Inc is an innovator, manufacturer, and marketer of products incorporating flow measurement, quality, control, and other system solutions serving markets. The company's products measure water, oil, chemicals, and other fluids, and provide and communicate timely measurement data. Badger's product lines include two categories: sales of water meters, radios, software, and related technologies, and water quality monitoring solutions to water utilities (utility water) and sales of meters and other sensing instruments, valves, software, and other solutions for industrial applications in water, wastewater, and other industries (flow instrumentation). It derives a majority of its revenues from the United States.

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