Smith & Wesson Brands (FRA:SWS) ROCE % : 9.18% (As of Jan. 2024)

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What is Smith & Wesson Brands 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. Smith & Wesson Brands's annualized ROCE % for the quarter that ended in Jan. 2024 was 9.18%.

Smith & Wesson Brands ROCE % Historical Data

The historical data trend for Smith & Wesson Brands'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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Smith & Wesson Brands ROCE % Chart

Smith & Wesson Brands Annual Data

Trend

Apr14

Apr15

Apr16

Apr17

Apr18

Apr19

Apr20

Apr21

Apr22

Apr23

ROCE %

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7.06

8.24

65.66

72.92

11.18

Smith & Wesson Brands Quarterly Data
	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
ROCE %	Get a 7-Day Free Trial															13.39	13.84	3.82	3.42	9.18

Smith & Wesson Brands ROCE % Calculation

Smith & Wesson Brands's annualized ROCE % for the fiscal year that ended in Apr. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Apr. 2023 )		(A: Apr. 2022 )		(A: Apr. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Apr. 2023 )		(A: Apr. 2022 )		(A: Apr. 2023 )
	=	44.284	/	( ( (460.663 - 82.367)	+	(493.66 - 79.538) )	/ 2 )
	=	44.284	/	( (378.296	+	414.122)	/ 2 )
	=	44.284	/	396.209
	=	11.18 %

Smith & Wesson Brands's ROCE % of for the quarter that ended in Jan. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jan. 2024 )		(Q: Oct. 2023 )		(Q: Jan. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jan. 2024 )		(Q: Oct. 2023 )		(Q: Jan. 2024 )
	=	41.388	/	( ( (542.605 - 86.077)	+	(523.78 - 79.08) )	/ 2 )
	=	41.388	/	( ( 456.528	+	444.7 )	/ 2 )
	=	41.388	/	450.614
	=	9.18 %

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

Smith & Wesson Brands (FRA:SWS) 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.

Smith & Wesson Brands ROCE % Related Terms

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Smith & Wesson Brands (FRA:SWS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Aerospace & Defense » Smith & Wesson Brands Inc (FRA:SWS) » Definitions » ROCE %

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Traded in Other Exchanges

SWBI:USA

Address

2100 Roosevelt Avenue, Springfield, MA, USA, 01104

Website

https://www.smith-wesson.com

Smith & Wesson Brands Inc is a U.S.-based leader in firearm manufacturing. It operates under one reportable segment: Firearms, which includes firearms distribution and manufacturing services. The company manufactures handguns, long guns, sporting rifles, shooting gear, and suppressor products. The firm's brand portfolio consists of Smith and Wesson, M&P, Thompson/Center Arms, Performance Center, and Gemtech; which are used for defense, law enforcement, hunting, and sporting purposes. The company operates internationally, with the majority of income generated by the U.S. market from its handgun products.

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