What does european food — depreciation mean?

The annual non-cash expense for the wear and tear of European food packaging assets.

How do you interpret european food — depreciation?

High depreciation relative to revenue may indicate an aging asset base or significant recent capital expenditures.

How does european food — depreciation compare across companies?

Comparable to depreciation and amortization expenses reported by peers in capital-intensive manufacturing sectors.

Crown Holdings CCK European Food — Depreciation

Discontinued — last reported Q4 '20

Similar metrics at other companies

KHCEurope — D&A

$24M+14.3%

SSD

SSDEurope — D&A

$1.36M-13.3%

CMCEurope — D&A

$9.86M+26.3%

IPPackaging Solutions EMEA — D&A

$107M+569%

FDSEurope — D&A

$3.68M-6.4%

RLEurope segment — Depreciation and amortization expense

$9.9M+6.5%

Other financials

Income statement

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Revenue$3.3B+12.9%

Gross profit$644.0M+3.0%

Operating income$365.0M0.0%

Net income$175.0M-9.3%

EPS (diluted)$1.56-5.5%

Balance sheet

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Cash & equivalents$695.0M-20.9%

Total debt$6.0B+15.6%

Total equity$2.9B+8.3%

Total assets$14.3B+3.4%

Cash flow

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Operating cash flow-$54.0M-486%

CapEx$87.0M+164%

Free cash flow-$141.0M-642%

Valuation

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Market cap$11.35B+7.8%

Enterprise value$16.61B+12.2%

P/E15.8×-3.4×

P/S0.9×0.0×

Profitability

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Gross margin21.5%-0.5pp

Operating margin12.2%-0.7pp

Net margin5.7%+1.0pp

FCF margin7.8%-0.3pp

Returns & leverage

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Return on equity25.7%+4.4pp

Debt / equity2×+0.1×

Current ratio1.1×+0.2×

Where this comes from

Reported directly by Crown Holdings in its filing.

Tagged under the XBRL concept us-gaap:CostOfGoodsAndServicesSoldDepreciation.

The official record: Crown Holdings’s 10-K, filed February 26, 2021, on SEC EDGAR. View the filing →

Questions, answered.

What does european food — depreciation mean?: The annual non-cash expense for the wear and tear of European food packaging assets.
How do you interpret european food — depreciation?: High depreciation relative to revenue may indicate an aging asset base or significant recent capital expenditures.
How does european food — depreciation compare across companies?: Comparable to depreciation and amortization expenses reported by peers in capital-intensive manufacturing sectors.