Endeavour Group (ASX:EDV) ROCE % : 11.94% (As of Dec. 2023)

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What is Endeavour 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. Endeavour Group's annualized ROCE % for the quarter that ended in Dec. 2023 was 11.94%.

Endeavour Group ROCE % Historical Data

The historical data trend for Endeavour 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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Endeavour Group ROCE % Chart

Endeavour Group Annual Data

Trend

Jun21

Jun22

Jun23

ROCE %

10.44

9.61

9.26

Endeavour Group Semi-Annual Data
	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
ROCE %	Get a 7-Day Free Trial			12.01	6.54	12.52	6.23	11.94

Endeavour Group ROCE % Calculation

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

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Jun. 2023 )		(A: Jun. 2022 )		(A: Jun. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Jun. 2023 )		(A: Jun. 2022 )		(A: Jun. 2023 )
	=	843	/	( ( (10863 - 2193)	+	(11671 - 2137) )	/ 2 )
	=	843	/	( (8670	+	9534)	/ 2 )
	=	843	/	9102
	=	9.26 %

Endeavour 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 )
	=	1134	/	( ( (11671 - 2137)	+	(12137 - 2679) )	/ 2 )
	=	1134	/	( ( 9534	+	9458 )	/ 2 )
	=	1134	/	9496
	=	11.94 %

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

Endeavour Group (ASX:EDV) 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.

Endeavour Group ROCE % Related Terms

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Endeavour Group (ASX:EDV) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Beverages - Alcoholic » Endeavour Group Ltd (ASX:EDV) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

EDVGF:USA 6BH:Germany

Address

26 Waterloo Street, Surry Hills, NSW, AUS, 2010

Website

https://www.endeavourgroup.com.au

Endeavour Group Ltd is an investment in wide-moat-rated Endeavour Group provides investors with exposure to one of the well-entrenched dividend-paying businesses in the Australian retail landscape. Following decades of enduring organic growth through store rollouts, Endeavour's off-premises retail segment—with more than 1,600 retail outlets mainly across its Dan Murphy's and BWS brands—accounts for approximately half of all off-premises retail liquor sales within Australia. Endeavour's immense scale in the off-premises retail segment is unrivaled within Australia. Indeed, Endeavour's sales are almost three times larger than its nearest retail competitor, Coles.

Endeavour Group (ASX:EDV) Headlines

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