AGCO (FRA:AGJ) ROCE % : 10.93% (As of Mar. 2024)

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What is AGCO 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. AGCO's annualized ROCE % for the quarter that ended in Mar. 2024 was 10.93%.

AGCO ROCE % Historical Data

The historical data trend for AGCO'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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AGCO ROCE % Chart

AGCO Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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6.03

11.20

18.47

20.26

21.13

AGCO 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															20.88	23.91	19.10	17.01	10.93

AGCO ROCE % Calculation

AGCO'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 )
	=	1285.909	/	( ( (9537.893 - 3859.072)	+	(10473.24 - 3983.081) )	/ 2 )
	=	1285.909	/	( (5678.821	+	6490.159)	/ 2 )
	=	1285.909	/	6084.49
	=	21.13 %

AGCO'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 )
	=	819.904	/	( ( (10473.24 - 3983.081)	+	(12383.108 - 3876.144) )	/ 2 )
	=	819.904	/	( ( 6490.159	+	8506.964 )	/ 2 )
	=	819.904	/	7498.5615
	=	10.93 %

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

AGCO (FRA:AGJ) 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.

AGCO ROCE % Related Terms

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AGCO (FRA:AGJ) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Farm & Heavy Construction Machinery » AGCO Corp (FRA:AGJ) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

AGCO:USA AGCO:Mexico AGJ:Germany

Address

4205 River Green Parkway, Duluth, GA, USA, 30096

Website

https://www.agcocorp.com

Agco is a global manufacturer of agricultural equipment. The company has five core brands: Fendt, Massey Ferguson, Challenger, Valtra, and GSI. Unlike its competitors, Agco's product line extends beyond self-propelled equipment and implements to grain handling systems and livestock management solutions. Its products are available through a global dealer network, which includes over 3,200 dealer and distribution locations. Agco offers retail and wholesale financing to customers through its joint venture with Rabobank, a European food- and agriculture-focused bank.

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