Pactiv Evergreen (Pactiv Evergreen) ROCE % : 6.01% (As of Dec. 2023)

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What is Pactiv Evergreen 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. Pactiv Evergreen's annualized ROCE % for the quarter that ended in Dec. 2023 was 6.01%.

Pactiv Evergreen ROCE % Historical Data

The historical data trend for Pactiv Evergreen'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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Pactiv Evergreen ROCE % Chart

Pactiv Evergreen Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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2.10

1.97

3.14

10.85

0.53

Pactiv Evergreen 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															4.92	-5.50	-5.38	8.03	6.01

Pactiv Evergreen ROCE % Calculation

Pactiv Evergreen'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 )
	=	32	/	( ( (7306 - 914)	+	(6395 - 796) )	/ 2 )
	=	32	/	( (6392	+	5599)	/ 2 )
	=	32	/	5995.5
	=	0.53 %

Pactiv Evergreen'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 )
	=	336	/	( ( (6446 - 872)	+	(6395 - 796) )	/ 2 )
	=	336	/	( ( 5574	+	5599 )	/ 2 )
	=	336	/	5586.5
	=	6.01 %

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

Pactiv Evergreen (NAS:PTVE) 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.

Pactiv Evergreen ROCE % Related Terms

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Pactiv Evergreen (Pactiv Evergreen) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Packaging & Containers » Pactiv Evergreen Inc (NAS:PTVE) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

PEG:Germany PEG:Germany

Address

1900 West Field Court, Lake Forest, IL, USA, 60045

Website

https://www.pactivevergreen.com

Pactiv Evergreen Inc is engaged in the business of manufacturing and distributing fresh foodservice and food merchandising products and fresh beverage cartons. It operates in three segments: Foodservice, Food Merchandising, and Beverage Merchandising. These segments manufacture a broad range of products such as food containers, drinkware, tableware, service ware, ready-to-eat food containers, clear rigid-display containers, trays for meat and poultry, molded fiber egg cartons, printed cartons, spouts & filling machines, and other products. The company's geographical segments are the United States, the Rest of North America, and Others, of which the vast majority of its revenue comes from the United States.

Executives

Allen Hugli	director	C/O RANK GROUP, LEVEL II, 148 QUAY ST, AUCKLAND Q2 00000
Duncan Hawkesby	director	C/O PACTIV EVERGREEN INC., 1900 W. FIELD COURT, LAKE FOREST IL 60045
Tim A. Levenda	officer: President, Foodservice	1900 W. FIELD COURT, LAKE FOREST IL 60045
Jonathan Baksht	officer: Chief Financial Officer	5847 SAN FELIPE, SUITE 3300, HOUSTON TX 77057
Eric Wulf	officer: President, Food Merchandising	1900 W. FIELD COURT, LAKE FOREST IL 60045
Chandra J Mitchell	officer: Chief Legal Officer & Sec.	C/O 7 ACQUISITION CORPORATION, 750 EAST MAIN STREET, SUITE 600, STAMFORD CT 06902
Douglas Owenby	officer: Chief Operations Officer	C/O PACTIV EVERGREEN INC, 1900 W FIELD COURT, LAKE FOREST IL 60045
Byron Jason Racki	officer: Pres., Beverage Merchandising	3460 PRESTON RIDGE ROAD, SUITE 600, ALPHARETTA GA 30005
Michael Jack King	director	1900 W. FIELD COURT, LAKE FOREST IL 60045
Rolf Stangl	director	1900 W. FIELD COURT, LAKE FOREST IL 60045
John P. Rooney	officer: Pres, Beverage Merchandising	1900 W. FIELD COURT, LAKE FOREST IL 60045
Michael Ragen	officer: COO and CFO	1900 W. FIELD COURT, LAKE FOREST IL 60045
Jonathan D Rich	director	1144 EAST MARKET STREET, AKRON OH 44316-0001
John T. Mcgrath	director, officer: Chief Executive Officer	1900 W. FIELD COURT, LAKE FOREST IL 60045
Felicia D Thornton	director	250 PARKCENTER BLVD PO BOX 20, BOISE ID 83726