McKesson Europe AG (LTS:0OPB) ROCE % : -0.66% (As of Mar. 2022)

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What is McKesson Europe AG 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. McKesson Europe AG's annualized ROCE % for the quarter that ended in Mar. 2022 was -0.66%.

McKesson Europe AG ROCE % Historical Data

The historical data trend for McKesson Europe AG'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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McKesson Europe AG ROCE % Chart

McKesson Europe AG Annual Data

Trend

Dec12

Dec13

Dec14

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

ROCE %

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-7.94

1.33

0.55

1.20

-0.66

McKesson Europe AG Semi-Annual Data
	Dec02	Dec03	Dec04	Dec05	Dec06	Dec07	Dec08	Dec09	Dec10	Dec11	Dec12	Dec13	Dec14	Mar16	Mar17	Mar18	Mar19	Mar20	Mar21	Mar22
ROCE %	Get a 7-Day Free Trial															-7.94	1.33	0.55	1.20	-0.66

McKesson Europe AG ROCE % Calculation

McKesson Europe AG's annualized ROCE % for the fiscal year that ended in Mar. 2022 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Mar. 2022 )		(A: Mar. 2021 )		(A: Mar. 2022 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Mar. 2022 )		(A: Mar. 2021 )		(A: Mar. 2022 )
	=	-19.6	/	( ( (7047.3 - 3902.3)	+	(5102.1 - 2277.8) )	/ 2 )
	=	-19.6	/	( (3145	+	2824.3)	/ 2 )
	=	-19.6	/	2984.65
	=	-0.66 %

McKesson Europe AG's ROCE % of for the quarter that ended in Mar. 2022 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2022 )		(Q: Mar. 2021 )		(Q: Mar. 2022 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2022 )		(Q: Mar. 2021 )		(Q: Mar. 2022 )
	=	-19.6	/	( ( (7047.3 - 3902.3)	+	(5102.1 - 2277.8) )	/ 2 )
	=	-19.6	/	( ( 3145	+	2824.3 )	/ 2 )
	=	-19.6	/	2984.65
	=	-0.66 %

(1) Note: The EBIT data used here is one times the annual (Mar. 2022) EBIT data.

McKesson Europe AG (LTS:0OPB) 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.

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McKesson Europe AG (LTS:0OPB) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Distribution » McKesson Europe AG (LTS:0OPB) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Stockholmer Platz 1, Stuttgart, BW, DEU, 70137

Website

https://www.mckesson.eu

McKesson Europe AG is a medical care company that provides logistics and services to the pharmaceutical and healthcare sectors. The company operates two distinct segments: Pharmaceutical Distribution and Retail Pharmacy. The Pharmaceutical Distribution business sells wholesale pharmaceutical products and generates the majority of the company's revenue. The Retail Pharmacy segment operates its own pharmacies in addition to franchise pharmacies that provide prescriptions and over-the-counter pharmaceutical products. Geographically, the company's revenue derives predominantly from the United Kingdom, France, Germany, and other countries.

McKesson Europe AG (LTS:0OPB) Headlines

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