McCormick & Co ROCE
What is the ROCE of McCormick & Co?
The ROCE of McCormick & Co., Inc. is 10.53%
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 Consumer Staples sector on NYSE compared to McCormick & Co
What does McCormick & Co do?
mccormick & company, incorporated (nyse: mkc) is a global leader in flavor and one of the most respected and familiar names in the industry. in business for more than 125 years, mccormick manufactures, markets and distributes spices, seasoning mixes, condiments and other flavorful products to the entire food industry—retail outlets, food manufacturers and food service businesses. the mccormick name represents a trusted source of flavor in millions of kitchens around the globe—in homes and in restaurants. partnerships with farmers and suppliers around the world allow us to provide great-tasting, quality spices with year-over-year consistency that you can trust. no exceptions. our herbs and spices come from 40 different countries, while our brands reach consumers in more than 135 countries and territories. our passion for quality is matched only by our commitment to an innovative and energetic company culture. at mccormick, we believe in respect, recognition, inclusion and collaborat
Companies with roce similar to McCormick & Co
- Vulcan Materials Co has ROCE of 10.50%
- Ingles Markets has ROCE of 10.51%
- PlayAGS Inc has ROCE of 10.52%
- Centrais Electricas Brasileiras S.A.- Eletrobras has ROCE of 10.52%
- IHS Ltd has ROCE of 10.52%
- Wynn Resorts has ROCE of 10.52%
- McCormick & Co has ROCE of 10.53%
- Royal Gold has ROCE of 10.54%
- Portmeirion PLC has ROCE of 10.54%
- Helen of Troy Ltd has ROCE of 10.54%
- Edvantage Ltd has ROCE of 10.54%
- Hasbro has ROCE of 10.54%
- Intuit has ROCE of 10.54%