Sylvamo (FRA:88L) ROCE % : 12.78% (As of Mar. 2024)

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What is Sylvamo 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. Sylvamo's annualized ROCE % for the quarter that ended in Mar. 2024 was 12.78%.

Sylvamo ROCE % Historical Data

The historical data trend for Sylvamo'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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Sylvamo ROCE % Chart

Sylvamo Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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17.51

3.55

17.57

29.36

20.34

Sylvamo Quarterly Data
	Dec18	Dec19	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial													29.05	15.43	18.89	18.27	12.78

Sylvamo ROCE % Calculation

Sylvamo'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 )
	=	393.393	/	( ( (2558.24 - 687.232)	+	(2633.624 - 637.315) )	/ 2 )
	=	393.393	/	( (1871.008	+	1996.309)	/ 2 )
	=	393.393	/	1933.6585
	=	20.34 %

Sylvamo'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 )
	=	253.92	/	( ( (2633.624 - 637.315)	+	(2573.24 - 597.08) )	/ 2 )
	=	253.92	/	( ( 1996.309	+	1976.16 )	/ 2 )
	=	253.92	/	1986.2345
	=	12.78 %

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

Sylvamo (FRA:88L) 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.

Sylvamo ROCE % Related Terms

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Sylvamo (FRA:88L) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Forest Products » Sylvamo Corp (FRA:88L) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

SLVM:USA

Address

6077 Primacy Parkway, Memphis, TN, USA, 38119

Website

https://www.sylvamo.com

Sylvamo Corp is an uncoated papers company with a broad portfolio of top-tier brands and low-cost, large-scale paper mills, it produces uncoated freesheet (UFS) for paper products such as cut size and offset paper, as well as market pulp. The company offers Copy and Printer papers, Commercial Printing papers, Converting papers, and Specialty papers. It operates in three geographical segments: Europe, Latin America, and North America.

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