Clicks Group (JSE:CLS) ROCE % : 47.00% (As of Feb. 2024)

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What is Clicks Group 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. Clicks Group's annualized ROCE % for the quarter that ended in Feb. 2024 was 47.00%.

Clicks Group ROCE % Historical Data

The historical data trend for Clicks Group'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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Clicks Group ROCE % Chart

Clicks Group Annual Data

Trend

Aug14

Aug15

Aug16

Aug17

Aug18

Aug19

Aug20

Aug21

Aug22

Aug23

ROCE %

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41.83

42.14

40.56

51.62

45.79

Clicks Group Semi-Annual Data
	Aug14	Feb15	Aug15	Feb16	Aug16	Feb17	Aug17	Feb18	Aug18	Feb19	Aug19	Feb20	Aug20	Feb21	Aug21	Feb22	Aug22	Feb23	Aug23	Feb24
ROCE %	Get a 7-Day Free Trial															50.46	55.56	42.15	49.61	47.00

Clicks Group ROCE % Calculation

Clicks Group's annualized ROCE % for the fiscal year that ended in Aug. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Aug. 2023 )		(A: Aug. 2022 )		(A: Aug. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Aug. 2023 )		(A: Aug. 2022 )		(A: Aug. 2023 )
	=	3702.685	/	( ( (17863.916 - 9926.195)	+	(19034.854 - 10799.648) )	/ 2 )
	=	3702.685	/	( (7937.721	+	8235.206)	/ 2 )
	=	3702.685	/	8086.4635
	=	45.79 %

Clicks Group's ROCE % of for the quarter that ended in Feb. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Feb. 2024 )		(Q: Aug. 2023 )		(Q: Feb. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Feb. 2024 )		(Q: Aug. 2023 )		(Q: Feb. 2024 )
	=	3805.7	/	( ( (19034.854 - 10799.648)	+	(18590.68 - 10632.723) )	/ 2 )
	=	3805.7	/	( ( 8235.206	+	7957.957 )	/ 2 )
	=	3805.7	/	8096.5815
	=	47.00 %

(1) Note: The EBIT data used here is two times the semi-annual (Feb. 2024) EBIT data.

Clicks Group (JSE:CLS) 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.

Clicks Group ROCE % Related Terms

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Clicks Group (JSE:CLS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » Clicks Group Ltd (JSE:CLS) » Definitions » ROCE %

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CLCGY:USA

Address

Cnr Searle and Pontac Streets, PO Box 5142, Cape Town, ZAF, 8001

Website

https://www.clicksgroup.co.za

Clicks Group Ltd operates pharmaceutical health and beauty retail stores. The company primarily operates a retail pharmacy chain in South Africa, with a limited number of operations in bordering countries. The company targets middle- to upper-income consumers. Clicks' business strategy focuses on consistent product sourcing, product development, and measured store expansion. The company has a portfolio of retail franchise brands including The Body Shop, GNC, and claire's. Clicks uses United Pharmaceutical Distributors' capabilities for the groups' integrated channel to the healthcare market.