Genuine Parts Co (Genuine Parts Co) ROCE % : 13.83% (As of Mar. 2024)

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What is Genuine Parts 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. Genuine Parts Co's annualized ROCE % for the quarter that ended in Mar. 2024 was 13.83%.

Genuine Parts Co ROCE % Historical Data

The historical data trend for Genuine Parts 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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Genuine Parts Co ROCE % Chart

Genuine Parts Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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12.65

5.96

16.49

19.86

19.07

Genuine Parts Co 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															18.93	20.88	21.06	17.94	13.83

Genuine Parts Co ROCE % Calculation

Genuine Parts 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 )
	=	1806.817	/	( ( (16495.379 - 7686.11)	+	(17968.454 - 7827.109) )	/ 2 )
	=	1806.817	/	( (8809.269	+	10141.345)	/ 2 )
	=	1806.817	/	9475.307
	=	19.07 %

Genuine Parts 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 )
	=	1371.484	/	( ( (17968.454 - 7827.109)	+	(18336.513 - 8639.486) )	/ 2 )
	=	1371.484	/	( ( 10141.345	+	9697.027 )	/ 2 )
	=	1371.484	/	9919.186
	=	13.83 %

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

Genuine Parts Co (NYSE:GPC) 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.

Genuine Parts Co ROCE % Related Terms

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Genuine Parts Co (Genuine Parts Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Genuine Parts Co (NYSE:GPC) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

GPT:Germany GPT:Germany

Address

2999 Wildwood Parkway, Atlanta, GA, USA, 30339

Website

https://www.genpt.com

Genuine Parts sells automotive parts (nearly two thirds of net sales) and industrial components. The company sells car and truck parts to commercial and retail customers through roughly 9,800 stores worldwide, most of which are independently owned. Its industrial unit, primarily operating under the Motion Industries banner in the United States, supplies bearings, power transmission, industrial automation, hydraulic, and pneumatic components to maintenance, repair, and original equipment manufacturer clients.

Executives

Gary P Fayard	director	ONE COCA COLA PLAZA, ATLANTA GA 30313
John D Johns	director	PO BOX 2606, BIRMINGHAM AL 35202
Juliette Williams Pryor	director	1000 LOWE'S BOULEVARD, MOORESVILLE NC 28117
John R Holder	director	999 PEACHTREE ST NE, SUITE 688, ATLANTA GA 30309
Donna Westbrook Hyland	director	3344 PEACHTREE ROAD NE STE 1800, ATLANTA GA 30326
Paul Russell Hardin	director	2999 WILDWOOD PARKWAY SE, ATLANTA GA 30339
Richard Jr Cox	director	2999 WILDWOOD PARKWAY, ATLANTA GA 30339
Paul D Donahue	director, officer: Chairman and CEO	214 N TRYON STREET, CHARLOTTE NC 28202
Loudermilk Robert C Jr	director	309 E. PACES FERRY RD N.E., ATLANTA GA 30305-2377
Darren M Rebelez	director	1722 ROUTH STREET, SUITE 1000, DALLAS TX 75201-2502
Randall P Breaux	officer: Group President, GPC N.A.	5711 R S BOREHAM JR ST, P O BOX 2400, FORT SMITH AR 72902
Naveen Krishna	officer: EVP, CIDO	2999 WILDWOOD PKWY, ATLANTA GA 30339
Wendy B Needham	director	2999 CIRCLE 75 PRKWAY, ATLANTA GA 30339
Christopher T Galla	officer: SVP and General Counsel	2999 WILDWOOD PKWY, ATLANTA GA 30339
Wood E Jenner Iii	director	SUNTRUST BANKS INC, P O BOX 4418 MC643, ATLANTA GA 30302