K-Bro Linen (TSX:KBL) ROCE % : 5.63% (As of Mar. 2024)

View and export this data going back to 2005. Start your Free Trial

What is K-Bro Linen 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. K-Bro Linen's annualized ROCE % for the quarter that ended in Mar. 2024 was 5.63%.

K-Bro Linen ROCE % Historical Data

The historical data trend for K-Bro Linen'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.

* Premium members only.

K-Bro Linen ROCE % Chart

K-Bro Linen Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

Get a 7-Day Free Trial

6.40

3.36

5.38

3.25

9.89

K-Bro Linen 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															5.61	10.48	14.73	8.88	5.63

K-Bro Linen ROCE % Calculation

K-Bro Linen'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 )
	=	29.161	/	( ( (325.76 - 43.474)	+	(364.716 - 57.512) )	/ 2 )
	=	29.161	/	( (282.286	+	307.204)	/ 2 )
	=	29.161	/	294.745
	=	9.89 %

K-Bro Linen'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 )
	=	17.192	/	( ( (364.716 - 57.512)	+	(361.859 - 58.626) )	/ 2 )
	=	17.192	/	( ( 307.204	+	303.233 )	/ 2 )
	=	17.192	/	305.2185
	=	5.63 %

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

K-Bro Linen (TSX:KBL) 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.

K-Bro Linen ROCE % Related Terms

Thank you for viewing the detailed overview of K-Bro Linen's ROCE % provided by GuruFocus.com. Please click on the following links to see related term pages.

K-Bro Linen (TSX:KBL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » K-Bro Linen Inc (TSX:KBL) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

KBRLF:USA

Address

14903-137 Avenue N.W., Edmonton, AB, CAN, T5V 1R9

Website

https://www.k-brolinen.com

K-Bro Linen Inc is a healthcare and hospitality laundry and linen processor in Canada. It operates in major cities across Canada, and has two distribution centers, providing management services and laundry processing of hospitality, healthcare, and specialty linens. The company provides vital products and services that help people heal, travel, live, and play. It helps hospitals and extended care centers care for the young, old, and vulnerable in environmentally responsible ways. It operates through two divisions, which are the Canadian division and the United Kingdom division.

Executives

K-bro Linen Inc.

Issuer

K-Bro Linen (TSX:KBL) Headlines

No Headlines