Foschini Group (JSE:TFG) ROCE % : 13.99% (As of Sep. 2023)

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What is Foschini 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. Foschini Group's annualized ROCE % for the quarter that ended in Sep. 2023 was 13.99%.

Foschini Group ROCE % Historical Data

The historical data trend for Foschini 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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Foschini Group ROCE % Chart

Foschini Group Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

ROCE %

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19.16

16.94

-2.58

16.94

16.45

Foschini Group Semi-Annual Data
	Mar14	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
ROCE %	Get a 7-Day Free Trial															13.38	20.46	16.62	16.07	13.99

Foschini Group ROCE % Calculation

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

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Mar. 2023 )		(A: Mar. 2022 )		(A: Mar. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Mar. 2023 )		(A: Mar. 2022 )		(A: Mar. 2023 )
	=	5411.1	/	( ( (43312.7 - 13781.7)	+	(53104.1 - 16845.3) )	/ 2 )
	=	5411.1	/	( (29531	+	36258.8)	/ 2 )
	=	5411.1	/	32894.9
	=	16.45 %

Foschini Group's ROCE % of for the quarter that ended in Sep. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2023 )		(Q: Mar. 2023 )		(Q: Sep. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2023 )		(Q: Mar. 2023 )		(Q: Sep. 2023 )
	=	5266.8	/	( ( (53104.1 - 16845.3)	+	(52740.5 - 13723.7) )	/ 2 )
	=	5266.8	/	( ( 36258.8	+	39016.8 )	/ 2 )
	=	5266.8	/	37637.8
	=	13.99 %

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

Foschini Group (JSE:TFG) 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.

Foschini Group ROCE % Related Terms

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Foschini Group (JSE:TFG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Foschini Group Ltd (JSE:TFG) » Definitions » ROCE %

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FHNGY:USA

Address

340 Voortrekker Road, Stanley Lewis Centre, Parow East, Cape Town, WC, ZAF, 7500

Website

https://www.tfglimited.co.za

Foschini Group Ltd is a South African fashion retailer. The company offers ladieswear, footwear, accessories, cosmetics and fragrances, kidswear, homewares, sportswear, cellular and jewelry mainly in South Africa, as well as financial services. The Foschini Group portfolio consists of multiple brands, including @home, @homelivingpace, American Swiss, Sterns, Charles and Keith, Colette, DonnaClaire, Phase Eight, Soda Bloc, Duesouth, Exact, Fabiani, The Fix, Foschini, G-star Raw, hi, Markham, Mat and May, and Whistles. The Group consists of four operating segments: TFG Africa retail division, TFG London, TFG Australia, and Credit.