Briggs & Stratton ROCE
What is the ROCE of Briggs & Stratton?
The ROCE of Briggs & Stratton Corp. is -12.11%
What is the definition of ROCE?
Return on capital employed (ROCE) is a financial ratio that measures a company’s profitability and the efficiency with which its capital is used.
= EBIT / (assets - current liabilities)
Return on capital employed (ROCE) is the total amount of capital that a company has utilized in order to generate profits. It is the sum of shareholders' equity and debt liabilities. It can be simplified as total assets minus current liabilities.
ROCE is especially useful when comparing the performance of companies in capital-intensive sectors. ROCE considers debt and other liabilities as well compared to other fundamentals which only analyze profitability related to a company’s common equity. This provides a better indication of financial performance for companies with significant debt. For a company, the ROCE trend over the years is also an important indicator of performance. In general, investors tend to favor companies with stable and rising ROCE numbers over companies where ROCE is volatile and bounces around from one year to the next.
Instead of using capital employed at an arbitrary point in time, analysts and investors often calculate ROCE based on the average capital employed (ROACE), which takes the average of opening and closing capital employed for the time period.
ROCE of companies in the Industrials sector on NYSE compared to Briggs & Stratton
What does Briggs & Stratton do?
Briggs & Stratton Corp. engages in the design, manufacture, and distribution of gasoline engines and outdoor powered equipment. It operates through Engines and Products segments. The Engines segment produces four-cycle aluminum alloy gasoline engines which are used in the production of walk-behind and riding lawn mowers, garden tillers, and snow throwers. The Products segment comprises lawn and garden power equipment, turf care products, portable and standby generators, pressure washers, snow throwers, and job site products. The company was founded in 1908 and is headquartered in Wauwatosa, WI.
Companies with roce similar to Briggs & Stratton
- Sirius International Insurance has ROCE of -12.18%
- VIA optronics AG has ROCE of -12.16%
- Leading Edge Materials has ROCE of -12.15%
- Tekmar plc has ROCE of -12.15%
- Electricite et Eaux de Madagascar Societe Anonyme has ROCE of -12.15%
- Genmin has ROCE of -12.12%
- Briggs & Stratton has ROCE of -12.11%
- Lindsell Train Investment Trust has ROCE of -12.09%
- Roosevelt Capital has ROCE of -12.09%
- Leading Edge Materials has ROCE of -12.07%
- Toast has ROCE of -12.05%
- SecureWorks Corp has ROCE of -12.04%
- Great Bear Royalties has ROCE of -12.04%