Ibstock (LSE:IBST) ROCE % : 0.98% (As of Dec. 2023)

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What is Ibstock 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. Ibstock's annualized ROCE % for the quarter that ended in Dec. 2023 was 0.98%.

Ibstock ROCE % Historical Data

The historical data trend for Ibstock'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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Ibstock ROCE % Chart

Ibstock Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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13.60

-2.99

11.54

17.12

5.69

Ibstock Semi-Annual Data
	Jun15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
ROCE %	Get a 7-Day Free Trial												9.52	16.25	17.37	10.33	0.98

Ibstock ROCE % Calculation

Ibstock'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 )
	=	35.999	/	( ( (762.782 - 129.742)	+	(754.231 - 121.34) )	/ 2 )
	=	35.999	/	( (633.04	+	632.891)	/ 2 )
	=	35.999	/	632.9655
	=	5.69 %

Ibstock'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: Jun. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Jun. 2023 )		(Q: Dec. 2023 )
	=	6.234	/	( ( (772.41 - 131.815)	+	(754.231 - 121.34) )	/ 2 )
	=	6.234	/	( ( 640.595	+	632.891 )	/ 2 )
	=	6.234	/	636.743
	=	0.98 %

(1) Note: The EBIT data used here is two times the semi-annual (Dec. 2023) EBIT data.

Ibstock (LSE:IBST) 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.

Ibstock ROCE % Related Terms

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Ibstock (LSE:IBST) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Building Materials » Ibstock PLC (LSE:IBST) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

IBSTl:UK 2I5:Germany

Address

Leicester Road, Ibstock, Leicestershire, GBR, LE67 6HS

Website

https://www.ibstockplc.co.uk

Ibstock PLC is a manufacturer of building products with a varied range of clay and concrete products. Its product range includes clay bricks, brick components, concrete roof tiles, concrete stone masonry substitutes, concrete fencing, pre-stressed concrete products, and concrete rail products. The company's operating segment includes Clay and Concrete. It generates maximum revenue from the Clay segment.

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