Ingles Markets (FRA:IN3A) ROCE % : 11.59% (As of Dec. 2023)

View and export this data going back to 2019. Start your Free Trial

What is Ingles Markets 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. Ingles Markets's annualized ROCE % for the quarter that ended in Dec. 2023 was 11.59%.

Ingles Markets ROCE % Historical Data

The historical data trend for Ingles Markets'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.

Ingles Markets ROCE % Chart

Ingles Markets Annual Data

Trend

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

ROCE %

Get a 7-Day Free Trial

9.95

16.66

21.42

22.50

14.12

Ingles Markets Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial															18.86	11.60	13.33	14.18	11.59

Ingles Markets ROCE % Calculation

Ingles Markets's annualized ROCE % for the fiscal year that ended in Sep. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Sep. 2023 )		(A: Sep. 2022 )		(A: Sep. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Sep. 2023 )		(A: Sep. 2022 )		(A: Sep. 2023 )
	=	281.637	/	( ( (2318.466 - 337.115)	+	(2317.994 - 309.709) )	/ 2 )
	=	281.637	/	( (1981.351	+	2008.285)	/ 2 )
	=	281.637	/	1994.818
	=	14.12 %

Ingles Markets'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: Sep. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	231.944	/	( ( (2317.994 - 309.709)	+	(2254.772 - 259.504) )	/ 2 )
	=	231.944	/	( ( 2008.285	+	1995.268 )	/ 2 )
	=	231.944	/	2001.7765
	=	11.59 %

(1) Note: The EBIT data used here is four times the quarterly (Dec. 2023) EBIT data.

Ingles Markets (FRA:IN3A) 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.

Ingles Markets ROCE % Related Terms

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

Ingles Markets (FRA:IN3A) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Retail - Defensive » Ingles Markets Inc (FRA:IN3A) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

IMKTA:USA

Address

2913 U.S. Highway 70 West, Black Mountain, NC, USA, 28711

Website

https://www.ingles-markets.com

Ingles Markets Inc is a U.S.-based company that is principally engaged in operating a supermarket chain. The company operates the business in the southeast United States, mainly in Georgia, North Carolina, South Carolina, and Tennessee, with a few stores in Virginia and Alabama as well. The company locates its stores majorly in suburban areas, small towns, and neighborhood areas. It offers a broad range of goods, including food products, pharmacies, health and beauty care products, and general merchandise. The retail business contributes the majority of the company's revenue. The company's real estate ownership of a material portion of total stores enables it to generate rental income.

Ingles Markets (FRA:IN3A) Headlines

No Headlines