Global Food and Ingredients (TSXV:PEAS.H) ROCE % : 13.77% (As of Dec. 2023)

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What is Global Food and Ingredients 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. Global Food and Ingredients's annualized ROCE % for the quarter that ended in Dec. 2023 was 13.77%.

Global Food and Ingredients ROCE % Historical Data

The historical data trend for Global Food and Ingredients'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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Global Food and Ingredients ROCE % Chart

Global Food and Ingredients Annual Data

Trend

Mar20

Mar21

Mar22

Mar23

ROCE %

17.93

12.30

-16.18

-28.83

Global Food and Ingredients Quarterly Data
	Mar20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial									3.78	-22.43	-27.60	-24.77	13.77

Global Food and Ingredients ROCE % Calculation

Global Food and Ingredients'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 )
	=	-8.102	/	( ( (69.679 - 44.46)	+	(59.512 - 28.53) )	/ 2 )
	=	-8.102	/	( (25.219	+	30.982)	/ 2 )
	=	-8.102	/	28.1005
	=	-28.83 %

Global Food and Ingredients'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 )
	=	3.352	/	( ( (55.225 - 30.732)	+	(60.953 - 36.755) )	/ 2 )
	=	3.352	/	( ( 24.493	+	24.198 )	/ 2 )
	=	3.352	/	24.3455
	=	13.77 %

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

Global Food and Ingredients (TSXV:PEAS.H) 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.

Global Food and Ingredients ROCE % Related Terms

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Global Food and Ingredients (TSXV:PEAS.H) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Global Food and Ingredients Inc (TSXV:PEAS.H) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

PEASF:USA

Address

43 Colborne Street, Suite 400, Toronto, ON, CAN, M5E 1E3

Website

https://www.gfiglobalfood.com

Global Food and Ingredients Inc is a plant-based food and ingredients company, focused on pulses and specialty crops chain for peas, beans, lentils, chickpeas and other high protein specialty crops. The Company supplies premium plant-based high protein ingredients to customers around the world and distributes truckload and less-than truckload of bagged product directly to food processing companies, foodservice companies and institutional buyers (educational institutions, healthcare facilities, correctional facilities, etc.) in North America.

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