Blue Bird Corp ROCE
What is the ROCE of Blue Bird Corp?
The ROCE of Blue Bird Corp is 54.52%
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 Discretionary sector on NASDAQ compared to Blue Bird Corp
What does Blue Bird Corp do?
about us blue bird offers a complete line of type a, c and d school buses in a variety of options and configurations. since 1927, blue bird corporation has continued to set industry standards with its innovative design and manufacturing capabilities. additionally, blue bird provides comprehensive financial solutions through blue bird capital services. today, blue bird has more than 1,600 employees, georgia-based manufacturing facilities and an extensive network of dealers and parts & service facilities throughout north america. its global presence can be seen in more than 60 countries through sales into africa, asia, the caribbean, latin america, europe and the middle east. our promise we are singularly focused on building and selling school buses that customers want and value. the safety of schoolchildren is at the center of all that we do and we will strive every day, just as we have since our beginning in 1927, to provide an unparalleled and affordable product in terms of safety, qu
Companies with roce similar to Blue Bird Corp
- Clovis Oncology Inc has ROCE of 53.64%
- Triterras has ROCE of 53.68%
- Triumph has ROCE of 53.84%
- Hoist Capital has ROCE of 53.93%
- National Research Corp has ROCE of 53.99%
- Champion Iron has ROCE of 54.04%
- Blue Bird Corp has ROCE of 54.52%
- Altria has ROCE of 54.56%
- Gaztransport & Technigaz SA has ROCE of 54.60%
- O'Reilly Automotive has ROCE of 54.86%
- Supreme Petrochem has ROCE of 54.88%
- Expeditors International of Washington has ROCE of 54.91%
- Automatic Data Processing has ROCE of 55.33%