JD Sports Fashion (LSE:JD.) ROCE % : 14.76% (As of Jul. 2023)

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What is JD Sports Fashion 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. JD Sports Fashion's annualized ROCE % for the quarter that ended in Jul. 2023 was 14.76%.

JD Sports Fashion ROCE % Historical Data

The historical data trend for JD Sports Fashion'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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JD Sports Fashion ROCE % Chart

JD Sports Fashion Annual Data

Trend

Jan14

Jan15

Jan16

Jan17

Jan18

Jan19

Jan20

Jan21

Jan22

Jan23

ROCE %

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30.84

19.38

11.47

16.41

9.36

JD Sports Fashion Semi-Annual Data
	Jan14	Jul14	Jan15	Jul15	Jan16	Jul16	Jan17	Jul17	Jan18	Jul18	Jan19	Jul19	Jan20	Jul20	Jan21	Jul21	Jan22	Jul22	Jan23	Jul23
ROCE %	Get a 7-Day Free Trial															19.28	13.20	12.31	6.34	14.76

JD Sports Fashion ROCE % Calculation

JD Sports Fashion's annualized ROCE % for the fiscal year that ended in Jan. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Jan. 2023 )		(A: Jan. 2022 )		(A: Jan. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Jan. 2023 )		(A: Jan. 2022 )		(A: Jan. 2023 )
	=	516.8	/	( ( (7068.6 - 1886.9)	+	(8024.7 - 2163) )	/ 2 )
	=	516.8	/	( (5181.7	+	5861.7)	/ 2 )
	=	516.8	/	5521.7
	=	9.36 %

JD Sports Fashion's ROCE % of for the quarter that ended in Jul. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jul. 2023 )		(Q: Jan. 2023 )		(Q: Jul. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jul. 2023 )		(Q: Jan. 2023 )		(Q: Jul. 2023 )
	=	832.4	/	( ( (8024.7 - 2163)	+	(7917.3 - 2498.4) )	/ 2 )
	=	832.4	/	( ( 5861.7	+	5418.9 )	/ 2 )
	=	832.4	/	5640.3
	=	14.76 %

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

JD Sports Fashion (LSE:JD.) 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.

JD Sports Fashion ROCE % Related Terms

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JD Sports Fashion (LSE:JD.) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » JD Sports Fashion PLC (LSE:JD.) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

JDDSF:USA JDSPY:USA JDl:UK 9JD:Germany

Address

Hollinsbrook Way, Pilsworth, Bury, Lancashire, GBR, BL9 8RR

Website

https://www.jdplc.com

JD Sports Fashion PLC is a U.K. retailer of branded sportswear and fashionwear. The company has stores in the United Kingdom, mainland Europe, and outside Europe. The offering includes international brands, such as Adidas, Nike and The North Face, and own-brand labels, such as McKenzie, Carbrini, Supply & Demand and The Duffer of St George. The store network consists of various shops: Size?, Footpatrol, Chausport, Sprinter, Scotts, Tessuti, Cloggs, Mainline, and Ultimate Outdoors, among others. Stores are specialized: Footpatrol is a sneaker provider; Size? offers footwear, apparel, and accessories; and Chausport operates throughout France selling international footwear brands, such as Nike.

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