Ingredion (FRA:CNP) ROCE % : 19.85% (As of Mar. 2024)

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What is Ingredion 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. Ingredion's annualized ROCE % for the quarter that ended in Mar. 2024 was 19.85%.

Ingredion ROCE % Historical Data

The historical data trend for Ingredion'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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Ingredion ROCE % Chart

Ingredion Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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13.61

10.72

6.13

14.17

16.27

Ingredion 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															20.26	17.02	14.46	13.60	19.85

Ingredion ROCE % Calculation

Ingredion'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 )
	=	873.901	/	( ( (7137.584 - 1776.608)	+	(7007.714 - 1624.924) )	/ 2 )
	=	873.901	/	( (5360.976	+	5382.79)	/ 2 )
	=	873.901	/	5371.883
	=	16.27 %

Ingredion'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 )
	=	1085.6	/	( ( (7007.714 - 1624.924)	+	(6733.48 - 1180.36) )	/ 2 )
	=	1085.6	/	( ( 5382.79	+	5553.12 )	/ 2 )
	=	1085.6	/	5467.955
	=	19.85 %

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

Ingredion (FRA:CNP) 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.

Ingredion ROCE % Related Terms

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Ingredion (FRA:CNP) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Ingredion Inc (FRA:CNP) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

INGR:USA CNP:Germany

Address

5 Westbrook Corporate Center, Westchester, IL, USA, 60154

Website

https://www.ingredion.com

Ingredion is an ingredients provider for the food, beverage, brewing, and animal nutrition industries. The company processes corn, tapioca, potatoes, stevia, grains, fruits, gums, and vegetables into value-added ingredients. The company has two main product lines: specialty and core ingredients. Specialty ingredients includes starch-based texturizers, natural alternative sweeteners such as stevia, and plant proteins for alternative dairy and snacks. Core ingredients includes sweeteners, such as high-fructose corn syrup, and commodity starches, such as those used for sustainable packaging.