Goodwin (AQSE:GDWN.GB) ROCE % : 14.45% (As of Oct. 2023)

View and export this data going back to 2015. Start your Free Trial

What is Goodwin 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. Goodwin's annualized ROCE % for the quarter that ended in Oct. 2023 was 14.45%.

Goodwin ROCE % Historical Data

The historical data trend for Goodwin'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.

* Premium members only.

Goodwin ROCE % Chart

Goodwin Annual Data

Trend

Apr14

Apr15

Apr16

Apr17

Apr18

Apr19

Apr20

Apr21

Apr22

Apr23

ROCE %

Get a 7-Day Free Trial

13.70

10.03

12.09

13.02

13.23

Goodwin Semi-Annual Data
	Apr14	Oct14	Apr15	Oct15	Apr16	Oct16	Apr17	Oct17	Apr18	Oct18	Apr19	Oct19	Apr20	Oct20	Apr21	Oct21	Apr22	Oct22	Apr23	Oct23
ROCE %	Get a 7-Day Free Trial															10.11	15.40	14.65	11.43	14.45

Goodwin ROCE % Calculation

Goodwin's annualized ROCE % for the fiscal year that ended in Apr. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Apr. 2023 )		(A: Apr. 2022 )		(A: Apr. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Apr. 2023 )		(A: Apr. 2022 )		(A: Apr. 2023 )
	=	23.66	/	( ( (218.981 - 49.257)	+	(262.833 - 74.811) )	/ 2 )
	=	23.66	/	( (169.724	+	188.022)	/ 2 )
	=	23.66	/	178.873
	=	13.23 %

Goodwin's ROCE % of for the quarter that ended in Oct. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Oct. 2023 )		(Q: Apr. 2023 )		(Q: Oct. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Oct. 2023 )		(Q: Apr. 2023 )		(Q: Oct. 2023 )
	=	26.982	/	( ( (262.833 - 74.811)	+	(269.409 - 83.969) )	/ 2 )
	=	26.982	/	( ( 188.022	+	185.44 )	/ 2 )
	=	26.982	/	186.731
	=	14.45 %

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

Goodwin (AQSE:GDWN.GB) 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.

Goodwin ROCE % Related Terms

Thank you for viewing the detailed overview of Goodwin's ROCE % provided by GuruFocus.com. Please click on the following links to see related term pages.

Goodwin (AQSE:GDWN.GB) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Goodwin PLC (AQSE:GDWN.GB) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

GDWNl:UK GDWN:UK

Address

Ivy House Foundry, Hanley, Stoke-on-Trent, Staffordshire, GBR, ST1 3NR

Website

https://www.goodwin.co.uk

Goodwin PLC is a mechanical component manufacturing company. Its operating segments are the Mechanical Engineering Segment which includes casting, valve, antenna, and pump manufacturer and general engineering, and the Refractory Engineering Segment which consists of powder manufacture and mineral processing. The company generates the majority of its revenue from the Mechanical Engineering Segment. Geographically it has its presence in the UK, the USA, the Pacific Basin, the Rest of Europe, and the Rest of the World.

Goodwin (AQSE:GDWN.GB) Headlines

No Headlines