Kronos Worldwide (FRA:K1W) ROCE % : 28.83% (As of Sep. 2024)

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What is Kronos Worldwide 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. Kronos Worldwide's annualized ROCE % for the quarter that ended in Sep. 2024 was 28.83%.

Kronos Worldwide ROCE % Historical Data

The historical data trend for Kronos Worldwide'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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Kronos Worldwide ROCE % Chart

Kronos Worldwide Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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8.42

5.45

10.25

9.35

-3.57

Kronos Worldwide Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
ROCE %	Get a 7-Day Free Trial															-6.71	-1.38	5.79	10.87	28.83

Kronos Worldwide ROCE % Calculation

Kronos Worldwide'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 )
	=	-51.169	/	( ( (1826.074 - 308.405)	+	(1685.446 - 340.024) )	/ 2 )
	=	-51.169	/	( (1517.669	+	1345.422)	/ 2 )
	=	-51.169	/	1431.5455
	=	-3.57 %

Kronos Worldwide's ROCE % of for the quarter that ended in Sep. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2024 )		(Q: Jun. 2024 )		(Q: Sep. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2024 )		(Q: Jun. 2024 )		(Q: Sep. 2024 )
	=	383.104	/	( ( (1539.26 - 253.71)	+	(1731.362 - 358.868) )	/ 2 )
	=	383.104	/	( ( 1285.55	+	1372.494 )	/ 2 )
	=	383.104	/	1329.022
	=	28.83 %

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

Kronos Worldwide (FRA:K1W) 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.

Kronos Worldwide ROCE % Related Terms

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Kronos Worldwide Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Kronos Worldwide Inc (FRA:K1W) » Definitions » ROCE %

Comparable Companies

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KRO:USA K1W:Germany

Address

5430 LBJ Freeway, Suite 1700, Dallas, TX, USA, 75240-2620

Website

https://www.kronostio2.com

Kronos Worldwide Inc manufactures and sells titanium dioxide pigments. Titanium dioxide is a white inorganic pigment used in a variety of products. The majority of Kronos' sales come from titanium dioxide used for coatings on automobiles, aircraft, machines, appliances, traffic paint, and in both commercial and residential interiors and exteriors. The second-largest product category is titanium dioxide used for plastics such as packaging materials and food packaging, houseware, appliances, toys, and computer cases. The majority of revenue comes from the United States.

Kronos Worldwide Headlines

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