Intertek Group (XTER:IT1) ROCE % : 20.30% (As of Dec. 2023)

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What is Intertek 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. Intertek Group's annualized ROCE % for the quarter that ended in Dec. 2023 was 20.30%.

Intertek Group ROCE % Historical Data

The historical data trend for Intertek 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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Intertek Group ROCE % Chart

Intertek Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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25.97

19.07

23.58

20.21

18.48

Intertek Group Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
ROCE %	Get a 7-Day Free Trial															27.17	16.95	20.08	17.90	20.30

Intertek Group ROCE % Calculation

Intertek Group'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 )
	=	541.726	/	( ( (4208.676 - 1314.241)	+	(4106.651 - 1139.285) )	/ 2 )
	=	541.726	/	( (2894.435	+	2967.366)	/ 2 )
	=	541.726	/	2930.9005
	=	18.48 %

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

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2023 )		(Q: Jun. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Jun. 2023 )		(Q: Dec. 2023 )
	=	580.38	/	( ( (4061.666 - 1312.128)	+	(4106.651 - 1139.285) )	/ 2 )
	=	580.38	/	( ( 2749.538	+	2967.366 )	/ 2 )
	=	580.38	/	2858.452
	=	20.30 %

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

Intertek Group (XTER:IT1) 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.

Intertek Group ROCE % Related Terms

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Intertek Group (XTER:IT1) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Intertek Group PLC (XTER:IT1) » Definitions » ROCE %

Comparable Companies

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IKTSY:USA IKTSF:USA ITRKl:UK ITRK:UK IT1:Germany

Address

33 Cavendish Square, London, GBR, W1G 0PS

Website

https://www.intertek.com

FTSE 100 firm Intertek is one of the largest and oldest companies in the testing, inspection, and certification industry. The company's primary activities involve testing products and materials, inspecting sites/industrial equipment, and certifying products and systems to ensure global/company standards. Intertek is one of only four TIC companies that operate globally across numerous industries. The firm listed in 2002, following a divestment by Charterhouse. It employs almost 44,000 people worldwide.

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