Dover ROCE
What is the ROCE of Dover?
The ROCE of Dover Corp. is 21.49%
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 Dover
What does Dover do?
dover is a diversified global manufacturer with annual revenues of approximately $7 billion. we deliver innovative equipment and components, specialty systems and support services through four major operating segments: energy, engineered systems, fluids, and refrigeration & food equipment. dover combines global scale with operational agility to lead the markets we serve. recognized for our entrepreneurial approach for 60 years, our team of over 26,000 employees takes an ownership mindset, collaborating with customers to redefine what’s possible. headquartered in downers grove, illinois, dover trades on the new york stock exchange under “dov.” additional information is available at www.dovercorporation.com.
Companies with roce similar to Dover
- Miller Industries has ROCE of 21.41%
- Booz Allen Hamilton Corp has ROCE of 21.42%
- Goldiam International has ROCE of 21.43%
- Astral Poly Technik has ROCE of 21.44%
- Rambus has ROCE of 21.47%
- Appreciated Media has ROCE of 21.47%
- Dover has ROCE of 21.49%
- Ordina NV has ROCE of 21.50%
- Ithaca has ROCE of 21.52%
- Bijou Brigitte modische Accessoires AG has ROCE of 21.54%
- EQT has ROCE of 21.55%
- Steel Dynamics has ROCE of 21.55%
- Irish Continental plc has ROCE of 21.56%