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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. Hormel Foods's annualized ROCE % for the quarter that ended in Jul. 2024 was 8.37%.
The historical data trend for Hormel 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.
Hormel Foods Annual Data | |||||||||||||||||||||
Trend | Oct14 | Oct15 | Oct16 | Oct17 | Oct18 | Oct19 | Oct20 | Oct21 | Oct22 | Oct23 | |||||||||||
ROCE % | Get a 7-Day Free Trial | 17.53 | 14.74 | 11.88 | 11.60 | 9.46 |
Hormel Foods Quarterly Data | ||||||||||||||||||||
Oct19 | Jan20 | Apr20 | Jul20 | Oct20 | Jan21 | Apr21 | Jul21 | Oct21 | Jan22 | Apr22 | Jul22 | Oct22 | Jan23 | Apr23 | Jul23 | Oct23 | Jan24 | Apr24 | Jul24 | |
ROCE % | Get a 7-Day Free Trial | 7.82 | 9.50 | 10.86 | 9.21 | 8.37 |
Hormel Foods's annualized ROCE % for the fiscal year that ended in Oct. 2023 is calculated as:
ROCE % | = | EBIT | / | ( (Capital Employed | + | Capital Employed) | / count ) |
(A: Oct. 2023 ) | (A: Oct. 2022 ) | (A: Oct. 2023 ) | |||||
= | EBIT | / | ( ( (Total Assets - Total Current Liabilities) | + | (Total Assets - Total Current Liabilities) ) | / count ) | |
(A: Oct. 2023 ) | (A: Oct. 2022 ) | (A: Oct. 2023 ) | |||||
= | 1086.874 | / | ( ( (13306.919 - 1473.266) | + | (13448.772 - 2311.776) ) | / 2 ) | |
= | 1086.874 | / | ( (11833.653 | + | 11136.996) | / 2 ) | |
= | 1086.874 | / | 11485.3245 | ||||
= | 9.46 % |
Hormel Foods's ROCE % of for the quarter that ended in Jul. 2024 is calculated as:
ROCE % | = | EBIT (1) | / | ( (Capital Employed | + | Capital Employed) | / count ) |
(Q: Jul. 2024 ) | (Q: Apr. 2024 ) | (Q: Jul. 2024 ) | |||||
= | EBIT | / | ( ( (Total Assets - Total Current Liabilities) | + | (Total Assets - Total Current Liabilities) ) | / count ) | |
(Q: Jul. 2024 ) | (Q: Apr. 2024 ) | (Q: Jul. 2024 ) | |||||
= | 988.712 | / | ( ( (14135.373 - 2304.811) | + | (13113.781 - 1309.746) ) | / 2 ) | |
= | 988.712 | / | ( ( 11830.562 | + | 11804.035 ) | / 2 ) | |
= | 988.712 | / | 11817.2985 | ||||
= | 8.37 % |
(1) Note: The EBIT data used here is four times the quarterly (Jul. 2024) EBIT data.
* 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.
Hormel Foods (NYSE:HRL) 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.
Thank you for viewing the detailed overview of Hormel Foods's ROCE % provided by GuruFocus.com. Please click on the following links to see related term pages.
Kevin L Myers | officer: Vice President | 1 HORMEL PLACE, AUSTIN MN 55912 |
Deanna T Brady | officer: Vice President | 1 HORMEL STREET, AUSTIN MN 55912 |
Katherine M Losness-larson | officer: Senior Vice President | 1 HORMEL PLACE, AUSTIN MN 55912 |
Mark J Ourada | officer: Group Vice President | 1 HORMEL PLACE, AUSTIN MN 55912 |
Elsa A Murano | director | 1 HORMEL PLACE, AUSTIN MN 55912-3680 |
Mark A Coffey | officer: Vice President | 1 HORMEL PLACE, AUSTIN MN 55912 |
Susan K Nestegard | director | AMERICAN CAPITAL, LTD., 2 BETHESDA METRO, 14TH FLOOR, BETHESDA MD 20814 |
Pierre M Lilly | officer: SVP & Chief Compliance Officer | 1 HORMEL PLACE, AUSTIN MN 55912 |
Prado Becerra Jose Luis | director | 50 S. LASALLE STREET, CHICAGO IL 60603 |
Michael Paul Zechmeister | director | C/O UNITED NATURAL FOODS, INC., 313 IRON HORSE WAY, PROVIDENCE RI 02908 |
Ray G Young | director | 77 WEST WACKER DR., SUITE 4600, CHICAGO IL 60601 |
Patrick J Connor | officer: Vice President | 1 HORMEL PLACE, AUSTIN MN 55912 |
James P Snee | officer: Vice President | 1 HORMEL PLACE, AUSTIN MN 55912 |
Florence Makope | officer: Vice President and Treasurer | 1 HORMEL PLACE, AUSTIN MN 55912 |
Christopher J. Policinski | director | 4001 LEXINGTON AVENUE N., ARDEN HILLS MN 55126 |
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