WK Kellogg Co (FRA:KU9) ROCE % : 19.36% (As of Mar. 2024)

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What is WK Kellogg Co 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. WK Kellogg Co's annualized ROCE % for the quarter that ended in Mar. 2024 was 19.36%.

WK Kellogg Co ROCE % Historical Data

The historical data trend for WK Kellogg Co'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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WK Kellogg Co ROCE % Chart

WK Kellogg Co Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

ROCE %

32.94

34.61

-3.68

16.80

WK Kellogg Co Quarterly Data
	Dec20	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial						16.14	16.99	6.69	33.46	19.36

WK Kellogg Co ROCE % Calculation

WK Kellogg Co'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 )
	=	142.135	/	( ( (1355.584 - 628.704)	+	(1732.213 - 766.612) )	/ 2 )
	=	142.135	/	( (726.88	+	965.601)	/ 2 )
	=	142.135	/	846.2405
	=	16.80 %

WK Kellogg Co'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 )
	=	191.36	/	( ( (1732.213 - 766.612)	+	(1736.96 - 725.88) )	/ 2 )
	=	191.36	/	( ( 965.601	+	1011.08 )	/ 2 )
	=	191.36	/	988.3405
	=	19.36 %

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

WK Kellogg Co (FRA:KU9) 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.

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WK Kellogg Co (FRA:KU9) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » WK Kellogg Co (FRA:KU9) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

KLG:USA KU9:Germany

Address

One Kellogg Square, Battle Creek, MI, USA, 49016

Website

WK Kellogg is the second-largest cereal manufacturer in North America. Its cereal brands include Special K, Frosted Flakes, Raisin Bran, Froot Loops, Frosted Mini Wheats, Kashi, Corn Flakes, Rice Krispies, Apple Jacks, and Bear Naked. The company was spun off from the former Kellogg business, now known as Kellanova, where the former firm's global snacks portfolio and international cereal are now housed. WK Kellogg, which began trading in October 2023, generates the bulk of its sales (about 88% of its proforma fiscal 2022 base) from its home turf.

WK Kellogg Co (FRA:KU9) Headlines

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