Gale Pacific (ASX:GAP) ROCE % : -6.75% (As of Dec. 2023)

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What is Gale Pacific 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. Gale Pacific's annualized ROCE % for the quarter that ended in Dec. 2023 was -6.75%.

Gale Pacific ROCE % Historical Data

The historical data trend for Gale Pacific'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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Gale Pacific ROCE % Chart

Gale Pacific Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

ROCE %

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12.45

5.02

13.84

8.89

5.82

Gale Pacific 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															2.39	15.48	3.26	9.23	-6.75

Gale Pacific ROCE % Calculation

Gale Pacific'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 )
	=	7.713	/	( ( (210.237 - 66.891)	+	(197.726 - 76.088) )	/ 2 )
	=	7.713	/	( (143.346	+	121.638)	/ 2 )
	=	7.713	/	132.492
	=	5.82 %

Gale Pacific'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 )
	=	-7.9	/	( ( (197.726 - 76.088)	+	(187.54 - 75.148) )	/ 2 )
	=	-7.9	/	( ( 121.638	+	112.392 )	/ 2 )
	=	-7.9	/	117.015
	=	-6.75 %

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

Gale Pacific (ASX:GAP) 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.

Gale Pacific ROCE % Related Terms

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Gale Pacific (ASX:GAP) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Gale Pacific Ltd (ASX:GAP) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

145 Woodlands Drive, P.O. Box 892, Braeside, Melbourne, VIC, AUS, 3195

Website

https://www.galepacific.com

Gale Pacific Ltd is engaged in the manufacturing and marketing of branded screening and shading products for domestic, commercial, and industrial applications. The company's geographical segments include Australia/ New Zealand, the Americas, and Developing Markets. It derives a majority of its revenue from the Americas. The company brands include GALE Pacific Commercial, Coolaroo, GALE Guard, and Zone Interiors.

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