S&P Global (S&P Global) ROCE %

: 6.34% (As of Dec. 2023)

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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. S&P Global's annualized ROCE % for the quarter that ended in Dec. 2023 was 6.34%.

S&P Global ROCE % Historical Data

The historical data trend for S&P Global'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.

* Premium members only.

S&P Global Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

40.77

39.16

42.49

14.94

7.27

S&P Global Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %																5.03	8.14	6.69	7.85	6.34

S&P Global ROCE % Calculation

S&P Global'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 )
	=	4005	/	( ( (61784 - 5999)	+	(60589 - 6125) )	/ 2 )
	=	4005	/	( (55785	+	54464)	/ 2 )
	=	4005	/	55124.5
	=	7.27 %

S&P Global'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 )
	=	3480	/	( ( (60561 - 5218)	+	(60589 - 6125) )	/ 2 )
	=	3480	/	( ( 55343	+	54464 )	/ 2 )
	=	3480	/	54903.5
	=	6.34 %

(1) Note: The EBIT data used here is four times the quarterly (Dec. 2023) EBIT data.

S&P Global (NYSE:SPGI) 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.

S&P Global ROCE % Related Terms

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S&P Global (S&P Global) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » S&P Global Inc (NYSE:SPGI) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

SPGI:Mexico MHL:Germany MHL:Germany MHL:Germany SPGI34:Brazil

Address

55 Water Street, New York, NY, USA, 10041

Website

https://www.spglobal.com

S&P Global provides data and benchmarks to capital and commodity market participants. Its ratings business is the largest credit rating agency in the world and S&P's largest segment by profitability. S&P's largest segment by revenue is market intelligence, which provides desktop, data and advisory solutions, enterprise solutions, and credit/risk solutions mostly in the financial-services industry. S&P's other segments include commodity insights (Platts and other data), mobility (Carfax), and indexes.

Executives

Douglas L. Peterson	director, officer: CEO & President	MCGRAW HILL FINANCIAL, 1221 AVENUE OF THE AMERICAS, NEW YORK NY 10020
Saugata Saha	officer: President, S&P Global Platts	55 WATER STREET, NEW YORK NY 10041
Ewout L Steenbergen	officer: EVP & Chief Financial Officer	230 PARK AVENUE, NEW YORK NY 10169
Adam Jason Kansler	officer: President, Market Intelligence	C/O MARKIT LTD, 4TH FL, ROPEMAKER PLACE, 25 ROPEMAKER STREET, LONDON X0 EC2Y 9LY
Dimitra Manis	officer: Chief People Officer	55 WATER STREET, S&P GLOBAL, 45TH FLOOR, NEW YORK NY 10041
Steven J Kemps	officer: EVP, General Counsel	2515 MCKINNEY AVENUE, SUITE 1200, DALLAS TX 75201
Sally Moore	officer: EVP, Strategic Alliances	55 WATER STREET, NEW YORK NY 10041
Deborah D Mcwhinney	director	PO BOX 40 EAST BROADWAY, BUTTE MT 59701
Robert P Kelly	director	ONE MELLON CENTER, PITTSBURGH PA 15258-0001
Christopher Craig	officer: SVP and Controller	55 WATER STREET, LEGAL DEPARTMENT, NEW YORK NY 10041
Martina Cheung	officer: EMD, Head of Global Risk Svcs	55 WATER STREET, NEW YORK NY 10020
John L Berisford	officer: President, S&P Ratings	C/O THE PEPSI BOTTLING GROUP, INC., ONE PEPSI WAY, SOMERS NY 10589
Nancy Luquette	officer: SVP, Chief Risk & Audit Exec	S&P GLOBAL, 55 WATER STREET, NEW YORK NY 10041
Jacques Esculier	director	C/O AMERICAN STANDARD COMPANIES INC, ONE CENTENNIAL AVENUE, PISCATAWAY NJ 08855
Gay Huey Evans	director	SHIPPING & RECEIVING CENTER, 16930 PARK ROW DR., HOUSTON TX 77084