Clearwater Paper (FRA:5WC) ROCE % : 8.96% (As of Mar. 2024)

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What is Clearwater Paper 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. Clearwater Paper's annualized ROCE % for the quarter that ended in Mar. 2024 was 8.96%.

Clearwater Paper ROCE % Historical Data

The historical data trend for Clearwater Paper'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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Clearwater Paper ROCE % Chart

Clearwater Paper Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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2.48

8.63

-0.03

7.83

12.44

Clearwater Paper 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															11.27	13.18	15.19	9.09	8.96

Clearwater Paper ROCE % Calculation

Clearwater Paper'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 )
	=	160.75	/	( ( (1608.104 - 294.528)	+	(1533.041 - 262.262) )	/ 2 )
	=	160.75	/	( (1313.576	+	1270.779)	/ 2 )
	=	160.75	/	1292.1775
	=	12.44 %

Clearwater Paper'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 )
	=	113.712	/	( ( (1533.041 - 262.262)	+	(1545.324 - 277.288) )	/ 2 )
	=	113.712	/	( ( 1270.779	+	1268.036 )	/ 2 )
	=	113.712	/	1269.4075
	=	8.96 %

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

Clearwater Paper (FRA:5WC) 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.

Clearwater Paper ROCE % Related Terms

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Clearwater Paper (FRA:5WC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Forest Products » Clearwater Paper Corp (FRA:5WC) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

CLW:USA 5WC:Germany

Address

601 West Riverside, Suite 1100, Spokane, WA, USA, 99201

Website

https://www.clearwaterpaper.com

Clearwater Paper Corp is engaged in the manufacturing and selling of private label tissue, paperboard, and pulp-based products. The company has two reportable segments namely the consumer products segment which manufactures and sells a complete line of at-home tissue products as well as AFH products. The pulp and paperboard segment manufactures and markets bleached paperboard for the high-end segment of the packaging industry as well as offers services that include custom sheeting, slitting and cutting of paperboard. It generates maximum revenue from Pulp and Paperboard segment. Geographically, it derives maximum revenue from the United States.

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