Otter Tail (Otter Tail) ROCE % : 10.79% (As of Dec. 2023)

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What is Otter Tail 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. Otter Tail's annualized ROCE % for the quarter that ended in Dec. 2023 was 10.79%.

Otter Tail ROCE % Historical Data

The historical data trend for Otter Tail'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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Otter Tail ROCE % Chart

Otter Tail Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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6.84

7.12

11.12

15.64

14.34

Otter Tail 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															8.73	12.65	16.20	17.76	10.79

Otter Tail ROCE % Calculation

Otter Tail'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 )
	=	401.166	/	( ( (2901.661 - 237.636)	+	(3242.568 - 309.757) )	/ 2 )
	=	401.166	/	( (2664.025	+	2932.811)	/ 2 )
	=	401.166	/	2798.418
	=	14.34 %

Otter Tail'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 )
	=	313.456	/	( ( (3187.469 - 310.033)	+	(3242.568 - 309.757) )	/ 2 )
	=	313.456	/	( ( 2877.436	+	2932.811 )	/ 2 )
	=	313.456	/	2905.1235
	=	10.79 %

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

Otter Tail (NAS:OTTR) 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.

Otter Tail ROCE % Related Terms

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Otter Tail (Otter Tail) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Otter Tail Corp (NAS:OTTR) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

OT4:Germany

Address

215 South Cascade Street, P.O. Box 496, Fergus Falls, MN, USA, 56538-0496

Website

https://www.ottertail.com

Otter Tail Corp is a U.S. energy company that primarily operates in the electric (produces and sells electricity), manufacturing (fabricates metal components), and plastics segments (pipes for water uses). The company primarily conducts its operations and acquires the majority of its revenue in the U.S. in the states of Minnesota, South Dakota, and North Dakota. The majority of the company's revenue is derived from the Electric segment and commercial customers, although it generates revenue from residential and industrial customers, as well.

Executives

John D Erickson	director, officer: President & CEO	215 S CASCADE ST, FERGUS FALLS MN 56537
Mary E Ludford	director	215 S CASCADE STREET, FERGUS FALLS MN 56537
Jeanne H Crain	director	215 S CASCADE STREET, FERGUS FALLS MN 56537
Michael E Lebeau	director	215 S CASCADE STREET, FERGUS FALLS MN 56537
Timothy J O'keefe	director	215 S CASCADE ST, FERGUS FALLS MN 56537-2801
John S Abbott	officer: Pres Varistar, Sr VP, M/I Plat	215 S CASCADE ST, FERGUS FALLS MN 56537-2801
Paul L Knutson	officer: VP of Human Resources	215 S CASCADE ST, FERGUS FALLS MN 56537-2801
Kevin G Moug	officer: CFO & Treasurer	215 S CASCADE ST, FERGUS FALLS MN 56537
Thomas J Webb	director	ONE ENERGY PLAZA, JACKSON MI 49201
Jennifer O. Smestad	officer: VP, Gen Coun & Corp Sec	215 S. CASCADE STREET, FERGUS FALLS MN 56537
George A Koeck	officer: Corp Secretary & Gen Counsel	215 S CASCADE ST, FERGUS FALLS MN 56537
Timothy J Rogelstad	officer: Sr VP, Elect Plat; Pres OTP	215 S CASCADE ST, FERGUS FALLS MN 56537-2801
Steven L Fritze	director	370 WBASHA ST NORTH, ST PAUL MN 55102
Arvid R Liebe	director	215 S CASCADE ST, FERGUS FALLS MN 56537
Kathryn O Johnson	director	215 S CASCADE STREET, FERGUS FALLS MN 56537-2801