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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. BWX Technologies's annualized ROCE % for the quarter that ended in Dec. 2023 was 16.25%.
The historical data trend for BWX Technologies'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.
BWX Technologies Annual Data | |||||||||||||||||||||
Trend | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | |||||||||||
ROCE % | Get a 7-Day Free Trial | 25.09 | 24.06 | 22.68 | 16.34 | 15.94 |
BWX Technologies Quarterly Data | ||||||||||||||||||||
Mar19 | Jun19 | Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | |
ROCE % | Get a 7-Day Free Trial | 12.09 | 15.67 | 15.14 | 15.00 | 16.25 |
BWX Technologies'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 ) | |||||
= | 368.436 | / | ( ( (2618.939 - 367.86) | + | (2747.065 - 375.046) ) | / 2 ) | |
= | 368.436 | / | ( (2251.079 | + | 2372.019) | / 2 ) | |
= | 368.436 | / | 2311.549 | ||||
= | 15.94 % |
BWX Technologies'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: Sep. 2023 ) | (Q: Dec. 2023 ) | |||||
= | EBIT | / | ( ( (Total Assets - Total Current Liabilities) | + | (Total Assets - Total Current Liabilities) ) | / count ) | |
(Q: Dec. 2023 ) | (Q: Sep. 2023 ) | (Q: Dec. 2023 ) | |||||
= | 389.828 | / | ( ( (2776.839 - 351.169) | + | (2747.065 - 375.046) ) | / 2 ) | |
= | 389.828 | / | ( ( 2425.67 | + | 2372.019 ) | / 2 ) | |
= | 389.828 | / | 2398.8445 | ||||
= | 16.25 % |
(1) Note: The EBIT data used here is four times the quarterly (Dec. 2023) EBIT data.
* 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.
BWX Technologies (NYSE:BWXT) 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.
Thank you for viewing the detailed overview of BWX Technologies's ROCE % provided by GuruFocus.com. Please click on the following links to see related term pages.
Michael Thomas Fitzgerald | officer: VP & Chief Accounting Officer | 11525 N. COMMUNITY HOUSE ROAD, SUITE 600, CHARLOTTE NC 28277 |
Robert L Duffy | officer: SVP and Chief Admin. Officer | HARRIS CORPORATION, 1025 W. NASA BOULEVARD, MELBOURNE FL 32919 |
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Gerhard F Burbach | director | C/O THORATEC CORPORATION, 6035 STONERIDGE DRIVE, PLEASANTON CA 94588 |
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John A Fees | director, officer: Executive Chairman | 800 MAIN STREET, 4TH FLOOR, LYNCHBURG VA 24504 |
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David S Black | officer: See Remarks | 800 MAIN STREET, LYNCHBURG VA 24504 |
Rex D Geveden | officer: Chief Operating Officer | 800 MAIN STREET, LYNCHBURG VA 24504 |
Robert Fendlay Smith | officer: President, Gov. Operations | 800 MAIN STREET, LUNCHBURG VA 24504 |
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