Brambles (ASX:BXB) ROCE % : 21.99% (As of Dec. 2023)

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What is Brambles 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. Brambles's annualized ROCE % for the quarter that ended in Dec. 2023 was 21.99%.

Brambles ROCE % Historical Data

The historical data trend for Brambles'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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Brambles ROCE % Chart

Brambles Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

ROCE %

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13.08

13.41

14.78

16.64

18.53

Brambles 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															18.23	14.66	18.67	16.50	21.99

Brambles ROCE % Calculation

Brambles's annualized ROCE % for the fiscal year that ended in Jun. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Jun. 2023 )		(A: Jun. 2022 )		(A: Jun. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Jun. 2023 )		(A: Jun. 2022 )		(A: Jun. 2023 )
	=	1542.15	/	( ( (11286.809 - 3183.251)	+	(12990.565 - 4452.716) )	/ 2 )
	=	1542.15	/	( (8103.558	+	8537.849)	/ 2 )
	=	1542.15	/	8320.7035
	=	18.53 %

Brambles'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 )
	=	1931.444	/	( ( (12990.565 - 4452.716)	+	(13106.115 - 4076.977) )	/ 2 )
	=	1931.444	/	( ( 8537.849	+	9029.138 )	/ 2 )
	=	1931.444	/	8783.4935
	=	21.99 %

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

Brambles (ASX:BXB) 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.

Brambles ROCE % Related Terms

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Brambles (ASX:BXB) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Brambles Ltd (ASX:BXB) » Definitions » ROCE %

Comparable Companies

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BXBLY:USA BMBLF:USA

Address

255 George Street, Level 29, Sydney, NSW, AUS, 2000

Website

https://www.brambles.com

Brambles is the world's largest supplier of reusable wooden pallets for the fast-moving consumer goods, fresh produce, beverage, retail, and general manufacturing industries. Bramble's services primarily operating under the Chep brand. Operation span approximately 60 countries with three geographical segments: Chep Americas, Chep EMEA, and Chep Asia-Pacific.

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