Coats Group (NZSE:COA) ROCE % : 17.28% (As of Dec. 2023)

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What is Coats 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. Coats Group's annualized ROCE % for the quarter that ended in Dec. 2023 was 17.28%.

Coats Group ROCE % Historical Data

The historical data trend for Coats 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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Coats Group ROCE % Chart

Coats Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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21.35

10.87

18.96

14.08

14.37

Coats Group 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															16.94	18.96	10.30	10.74	17.28

Coats Group ROCE % Calculation

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

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2023 )		(A: Dec. 2022 )		(A: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2023 )		(A: Dec. 2022 )		(A: Dec. 2023 )
	=	308.062	/	( ( (2972.971 - 606.147)	+	(2754.88 - 833.229) )	/ 2 )
	=	308.062	/	( (2366.824	+	1921.651)	/ 2 )
	=	308.062	/	2144.2375
	=	14.37 %

Coats Group'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 )
	=	367.36	/	( ( (2911.343 - 580.606)	+	(2754.88 - 833.229) )	/ 2 )
	=	367.36	/	( ( 2330.737	+	1921.651 )	/ 2 )
	=	367.36	/	2126.194
	=	17.28 %

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

Coats Group (NZSE:COA) 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.

Coats Group ROCE % Related Terms

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Coats Group (NZSE:COA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Coats Group PLC (NZSE:COA) » Definitions » ROCE %

Traded in Other Exchanges

COAl:UK COA:UK

Address

Bridgwater Road, The Pavilions, Bristol, GBR, BS13 8FD

Website

https://www.coats.com

Coats Group PLC is a firm manufacturing thread for industrial and consumer use. Its products portfolio includes industrial thread and knitting yarns used in the apparel and footwear industry with a sales presence in over 100 countries. The company operates its business from across six continents which include Asia, America, Europe, the Middle East and Africa of which Asia accounts for the highest revenue.

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