Treasury Wine Estates (Treasury Wine Estates) ROCE % : 9.85% (As of Dec. 2023)

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What is Treasury Wine Estates ROCE %?

ROCE % measures how well a company generates profits from its capital. It is calculated as EBIT divided by Capital Employed, where Capital Employed is calculated as Total Assets minus Total Current Liabilities. Treasury Wine Estates's annualized ROCE % for the quarter that ended in Dec. 2023 was 9.85%.

Treasury Wine Estates ROCE % Historical Data

The historical data trend for Treasury Wine Estates's ROCE % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Treasury Wine Estates ROCE % Chart

Treasury Wine Estates Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

ROCE %

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13.64

9.41

8.82

8.59

8.21

Treasury Wine Estates Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
ROCE %	Get a 7-Day Free Trial															7.12	10.02	11.30	5.17	9.85

Treasury Wine Estates ROCE % Calculation

Treasury Wine Estates's annualized ROCE % for the fiscal year that ended in Jun. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Jun. 2023 )		(A: Jun. 2022 )		(A: Jun. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Jun. 2023 )		(A: Jun. 2022 )		(A: Jun. 2023 )
	=	328.389	/	( ( (4682.853 - 704.919)	+	(4759.262 - 737.181) )	/ 2 )
	=	328.389	/	( (3977.934	+	4022.081)	/ 2 )
	=	328.389	/	4000.0075
	=	8.21 %

Treasury Wine Estates's ROCE % of for the quarter that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2023 )		(Q: Jun. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Jun. 2023 )		(Q: Dec. 2023 )
	=	439.358	/	( ( (4759.262 - 737.181)	+	(5508.902 - 613.454) )	/ 2 )
	=	439.358	/	( ( 4022.081	+	4895.448 )	/ 2 )
	=	439.358	/	4458.7645
	=	9.85 %

(1) Note: The EBIT data used here is two times the semi-annual (Dec. 2023) EBIT data.

Treasury Wine Estates (OTCPK:TSRYY) ROCE % Explanation

ROCE % can be especially useful when comparing the performance of capital-intensive companies. Unlike ROE %, which indicates the profitability of Shareholders Equity, ROCE % also considers long-term debt in Capital Employed. This can be helpful when analyzing companies with significant debt, as the result is neutralized by taking debt into consideration.

Generally speaking, a higher ROCE % indicates a stonger profitability for a company. Moreover, it is important to look at the ratio from a long term perspective. Investors tend to favor companies with stable and rising ROCE % trend over those with volatile ones.

Treasury Wine Estates ROCE % Related Terms

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Treasury Wine Estates (Treasury Wine Estates) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Beverages - Alcoholic » Treasury Wine Estates Ltd (OTCPK:TSRYY) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

TSRYF:USA T7W:Germany TWE:Australia

Address

161 Collins Street, Level 8, Melbourne, VIC, AUS, 3000

Website

https://www.tweglobal.com

Treasury Wine Estates is an Australia-based global wine company that demerged from Foster's Group in 2011. The company is among the world's top five wine producers, and owns a portfolio that includes Australian labels such as Penfolds and Wolf Blass, U.S. wines like Chateau St Jean and Sterling, and newly launched names such as 19 Crimes and Maison de Grand Esprit. An acquisition of Diageo's wine business in 2016 added additional U.S. brands including BV and Stags' Leap. Treasury owns over 130 wineries, with more than 13,000 planted hectares.

Treasury Wine Estates (Treasury Wine Estates) Headlines

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