Armanino Foods of Distinction (Armanino Foods of Distinction) ROCE % : 41.01% (As of Sep. 2023)

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What is Armanino Foods of Distinction 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. Armanino Foods of Distinction's annualized ROCE % for the quarter that ended in Sep. 2023 was 41.01%.

Armanino Foods of Distinction ROCE % Historical Data

The historical data trend for Armanino Foods of Distinction'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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Armanino Foods of Distinction ROCE % Chart

Armanino Foods of Distinction Annual Data

Trend

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

ROCE %

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47.17

41.30

36.55

10.26

29.59

Armanino Foods of Distinction Quarterly Data
	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Sep23
ROCE %	Get a 7-Day Free Trial															32.02	28.65	41.02	28.92	41.01

Armanino Foods of Distinction ROCE % Calculation

Armanino Foods of Distinction's annualized ROCE % for the fiscal year that ended in Dec. 2021 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2021 )		(A: Dec. 2020 )		(A: Dec. 2021 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2021 )		(A: Dec. 2020 )		(A: Dec. 2021 )
	=	7.23	/	( ( (26.329 - 3.803)	+	(35.513 - 9.166) )	/ 2 )
	=	7.23	/	( (22.526	+	26.347)	/ 2 )
	=	7.23	/	24.4365
	=	29.59 %

Armanino Foods of Distinction'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: Sep. 2022 )		(Q: Sep. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2023 )		(Q: Sep. 2022 )		(Q: Sep. 2023 )
	=	12.2	/	( ( (39.364 - 10.719)	+	(41.915 - 11.06) )	/ 2 )
	=	12.2	/	( ( 28.645	+	30.855 )	/ 2 )
	=	12.2	/	29.75
	=	41.01 %

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

Armanino Foods of Distinction (OTCPK:AMNF) 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.

Armanino Foods of Distinction ROCE % Related Terms

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Armanino Foods of Distinction (Armanino Foods of Distinction) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Armanino Foods of Distinction Inc (OTCPK:AMNF) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

5976 W Las Positas Blvd, Suite 200, Pleasanton, CA, USA, 94588

Website

https://www.armaninofoods.com

Armanino Foods of Distinction Inc is engaged in the production and marketing of upscale food products, including primarily frozen pesto sauces, frozen pasta products, cooked and frozen meat, and poultry products. Its products are marketed through a network of food brokers and sold to retail, foodservice, club-type stores, and industrial accounts.

Executives

Douglas R Nichols	director	C/O RAILAMERICA INC, 5300 BROKEN SOUND BLVD NW, BOACA RATON FL 33487
Patricia A Fehling	director	426 NORTH CHURCH STREET, LODI CA 95240
William J Armanino	director, 10 percent owner, officer: President, CEO & Chairman	30588 SAN ANTONIO STREET, HAYWARD CA 94544

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