Jeronimo Martins SGPS (Jeronimo Martins SGPS) ROCE % : 19.03% (As of Dec. 2023)

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What is Jeronimo Martins SGPS 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. Jeronimo Martins SGPS's annualized ROCE % for the quarter that ended in Dec. 2023 was 19.03%.

Jeronimo Martins SGPS ROCE % Historical Data

The historical data trend for Jeronimo Martins SGPS'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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Jeronimo Martins SGPS ROCE % Chart

Jeronimo Martins SGPS Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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19.57

13.51

15.84

18.30

21.46

Jeronimo Martins SGPS Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial															21.42	17.70	22.98	22.91	19.03

Jeronimo Martins SGPS ROCE % Calculation

Jeronimo Martins SGPS's annualized ROCE % for the fiscal year that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2023 )		(A: Dec. 2022 )		(A: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2023 )		(A: Dec. 2022 )		(A: Dec. 2023 )
	=	1362.05	/	( ( (12547.669 - 6912.076)	+	(15591.058 - 8535.442) )	/ 2 )
	=	1362.05	/	( (5635.593	+	7055.616)	/ 2 )
	=	1362.05	/	6345.6045
	=	21.46 %

Jeronimo Martins SGPS'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 )
	=	1269.356	/	( ( (13605.123 - 7323.372)	+	(15591.058 - 8535.442) )	/ 2 )
	=	1269.356	/	( ( 6281.751	+	7055.616 )	/ 2 )
	=	1269.356	/	6668.6835
	=	19.03 %

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

Jeronimo Martins SGPS (OTCPK:JRONY) 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.

Jeronimo Martins SGPS ROCE % Related Terms

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Jeronimo Martins SGPS (Jeronimo Martins SGPS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Retail - Defensive » Jeronimo Martins SGPS SA (OTCPK:JRONY) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

JRONF:USA JMT:Portugal JMT:Poland JMTu:UK 0EXG:UK JEM:Germany

Address

Rua Actor Antonio Silva, No. 7, Lisboa, PRT, 1649-033

Website

https://www.jeronimomartins.com

Jeronimo Martins SGPS SA operates in food distribution, agribusiness, and other businesses. The food distribution business is the group's main activity, which consists of retail and wholesale operations under the brand's Pingo Doce and Recheio in Portugal, Poland, and Colombia. The group has five segments. Portugal Retail: comprises the business unit of JMR (Pingo Doce supermarkets), Portugal Cash & Carry: includes the wholesale business unit Recheio, Poland Retail: the business unit which operates under the Biedronka banner, Colombia Retail: the business unit which operates under Ara banner, & Others, eliminations and adjustments. The majority of revenue is derived from the Poland retail segment.

Jeronimo Martins SGPS (Jeronimo Martins SGPS) Headlines

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