Associated British Foods (Associated British Foods) ROCE % : 12.41% (As of Feb. 2024)

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What is Associated British Foods 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. Associated British Foods's annualized ROCE % for the quarter that ended in Feb. 2024 was 12.41%.

Associated British Foods ROCE % Historical Data

The historical data trend for Associated British Foods'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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Associated British Foods ROCE % Chart

Associated British Foods Annual Data

Trend

Aug14

Aug15

Aug16

Aug17

Aug18

Aug19

Aug20

Aug21

Aug22

Aug23

ROCE %

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12.12

7.60

6.83

8.03

10.61

Associated British Foods 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															9.52	7.19	9.13	11.91	12.41

Associated British Foods ROCE % Calculation

Associated British Foods'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 )
	=	2020.33	/	( ( (23682.635 - 4853.892)	+	(23944.091 - 4687.421) )	/ 2 )
	=	2020.33	/	( (18828.743	+	19256.67)	/ 2 )
	=	2020.33	/	19042.7065
	=	10.61 %

Associated British Foods'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 )
	=	2381.314	/	( ( (23944.091 - 4687.421)	+	(23662.879 - 4468.434) )	/ 2 )
	=	2381.314	/	( ( 19256.67	+	19194.445 )	/ 2 )
	=	2381.314	/	19225.5575
	=	12.39 %

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

Associated British Foods (OTCPK:ASBFF) 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.

Associated British Foods ROCE % Related Terms

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Associated British Foods (Associated British Foods) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Associated British Foods PLC (OTCPK:ASBFF) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

ASBFY:USA ABFl:UK ABF:UK AFO1:Germany

Address

10 Grosvenor Street, Weston Centre, London, GBR, W1K 4QY

Website

https://www.abf.co.uk

Associated British Foods is a diversified international retail, food, and ingredients group with 130,000 employees and operations in 50 countries across Europe, southern Africa, the Americas, Asia, and Australia. The group sells branded grocery products, grows and processes sugar, supplies farmers with crop input and animal feed, and runs the popular Primark clothing retail chain. It also supplies ingredients like baker's yeast, enzymes, lipids, and cereal specialities. Some 40% of sales are in the U.K., and Primark generates more than half of the firm's operating profit.

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