American Vanguard (American Vanguard) ROCE % : 8.58% (As of Dec. 2023)

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What is American Vanguard 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. American Vanguard's annualized ROCE % for the quarter that ended in Dec. 2023 was 8.58%.

American Vanguard ROCE % Historical Data

The historical data trend for American Vanguard'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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American Vanguard ROCE % Chart

American Vanguard Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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5.35

4.50

6.29

8.55

4.62

American Vanguard 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															3.21	2.62	2.70	2.66	8.58

American Vanguard ROCE % Calculation

American Vanguard'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 )
	=	23.049	/	( ( (726.313 - 266.601)	+	(767.548 - 230.495) )	/ 2 )
	=	23.049	/	( (459.712	+	537.053)	/ 2 )
	=	23.049	/	498.3825
	=	4.62 %

American Vanguard'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 )
	=	49.34	/	( ( (802.844 - 189.527)	+	(767.548 - 230.495) )	/ 2 )
	=	49.34	/	( ( 613.317	+	537.053 )	/ 2 )
	=	49.34	/	575.185
	=	8.58 %

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

American Vanguard (NYSE:AVD) 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.

American Vanguard ROCE % Related Terms

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American Vanguard (American Vanguard) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Agriculture » American Vanguard Corp (NYSE:AVD) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

AVJ:Germany

Address

4695 MacArthur Court, Newport Beach, CA, USA, 92660

Website

https://www.american-vanguard.com

American Vanguard Corp is a United States-based diversified specialty and agricultural products company. It manufactures and formulates chemicals for crops, turf and ornamental plants, and human and animal health protection. These chemicals include insecticides, fungicides, herbicides, molluscicides, growth regulators, and soil fumigants, which are marketed in liquid, powder, and granular forms. The company generates a majority of its revenue from the sale of insecticides and herbicides.

Executives

Ulrich Trogele	officer: Executive VP, COO - AMVAC	4695 MACARTHUR COURT, SUITE 1200, NEWPORT BEACH CA 92660
Keith M Rosenbloom	director	4695 MACARTHUR COURT, SUITE 1200, NEWPORT BEACH CA 92660
Peter Eilers	officer: See Remarks	4695 MACARTHUR COURT, SUITE 1200, NEWPORT BEACH CA 92660
Patrick E Gottschalk	director	4695 MACARTHUR COURT, SUITE 1200, NEWPORT BEACH CA 92660
Andrew B Naughton	officer: V.P., Director of Technology	4695 MACARTHUR COURT, SUITE 1200, NEWPORT BEACH CA 92660
Eric G Wintemute	director, officer: Chairman & CEO	4695 MACARTHUR COURT SUITE 1200, NEWPORT BEACH CA 92660
David` T. Johnson	officer: CHIEF FINANCIAL OFFICER	4695 MACARTHUR COURT, SUITE 1200, NEWPORT BEACH CA 92657
Timothy Donnelly	officer: See Remarks	4695 MACARTHUR COURT, SUITE 1200, NEWPORT BEACH CA 92660
Mark R Bassett	director	4695 MACARTHUR COURT, SUITE 1200, NEWPORT BEACH CA 92660
Cruiser Capital Advisors, Llc	director	243 TRESSER BOULEVARD, 17TH FLOOR, STAMFORD CT 06901
Marisol Angelini	director	4695 MACARTHUR COURT, SUITE 1200, NEWPORT BEACH CA 92660
Peter Turnbough Porpiglia	officer: See Remarks	4695 MACARTHUR COURT, SUITE 1200, NEWPORT BEACH CA 92660
Johann Venter	officer: See Remarks	4695 MACARTHUR COURT, SUITE 1200, NEWPORT BEACH CA 92660
Scott Hendrix	officer: VP/Crop Sales - AMVAC	4695 MACARTHUR COURT, SUITE 1200, NEWPORT BEACH CA 92660
Shayne M Wetherall	other: CEO, Envance/TyraTech	4695 MACARTHUR COURT, SUITE 1200, NEWPORT BEACH CA 92660