The ODP (FRA:ODP1) ROCE % : -4.84% (As of Dec. 2023)

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What is The ODP 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. The ODP's annualized ROCE % for the quarter that ended in Dec. 2023 was -4.84%.

The ODP ROCE % Historical Data

The historical data trend for The ODP'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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The ODP ROCE % Chart

The ODP Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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6.59

0.10

8.82

10.91

9.67

The ODP 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															9.30	17.56	9.45	17.77	-4.84

The ODP ROCE % Calculation

The ODP'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 )
	=	201.74	/	( ( (3916.656 - 1754.896)	+	(3563.462 - 1552.481) )	/ 2 )
	=	201.74	/	( (2161.76	+	2010.981)	/ 2 )
	=	201.74	/	2086.3705
	=	9.67 %

The ODP'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 )
	=	-99.036	/	( ( (3729.26 - 1649.12)	+	(3563.462 - 1552.481) )	/ 2 )
	=	-99.036	/	( ( 2080.14	+	2010.981 )	/ 2 )
	=	-99.036	/	2045.5605
	=	-4.84 %

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

The ODP (FRA:ODP1) 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.

The ODP ROCE % Related Terms

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The ODP (FRA:ODP1) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » The ODP Corp (FRA:ODP1) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

ODP:USA

Address

6600 North Military Trail, Boca Raton, FL, USA, 33496

Website

https://www.officedepot.com

The ODP Corp is a provider of business services and supplies, products, and digital workplace technology solutions to small, medium-sized and enterprise businesses. The operating business segments are ODP Business Solutions Division; Office Depot Division; Veyer Division and Varis Division. It generates maximum revenue from the Veyer Division segment. The Veyer Division specializes in B2B and consumer business service delivery, with core competencies in distribution, fulfillment, transportation, global sourcing, and purchasing.

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