Canada Goose Holdings (TSX:GOOS) ROCE % : 66.55% (As of Dec. 2023)

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What is Canada Goose Holdings 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. Canada Goose Holdings's annualized ROCE % for the quarter that ended in Dec. 2023 was 66.55%.

Canada Goose Holdings ROCE % Historical Data

The historical data trend for Canada Goose Holdings'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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Canada Goose Holdings ROCE % Chart

Canada Goose Holdings Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

ROCE %

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39.18

24.44

10.80

12.87

10.94

Canada Goose Holdings 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															65.19	1.29	-35.27	-0.21	66.55

Canada Goose Holdings ROCE % Calculation

Canada Goose Holdings's annualized ROCE % for the fiscal year that ended in Mar. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Mar. 2023 )		(A: Mar. 2022 )		(A: Mar. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Mar. 2023 )		(A: Mar. 2022 )		(A: Mar. 2023 )
	=	125.6	/	( ( (1340.6 - 281.5)	+	(1590 - 352.4) )	/ 2 )
	=	125.6	/	( (1059.1	+	1237.6)	/ 2 )
	=	125.6	/	1148.35
	=	10.94 %

Canada Goose Holdings'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 )
	=	779.2	/	( ( (1589.3 - 396.2)	+	(1601.9 - 453.4) )	/ 2 )
	=	779.2	/	( ( 1193.1	+	1148.5 )	/ 2 )
	=	779.2	/	1170.8
	=	66.55 %

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

Canada Goose Holdings (TSX:GOOS) 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.

Canada Goose Holdings ROCE % Related Terms

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Canada Goose Holdings (TSX:GOOS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Canada Goose Holdings Inc (TSX:GOOS) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

GOOS:USA 1GC:Germany

Address

250 Bowie Avenue, Toronto, ON, CAN, M6E 4Y2

Website

https://www.canadagoose.com

Canada Goose Holdings Inc is a Canada based company that designs, manufactures, distributes, and retails premium outerwear for men, women, and children. It operates business through three segments namely, Wholesale and Direct to Consumer (DTC), Other. The DTC segment, which is the key revenue driver, comprises sales through country-specific e-commerce platforms and its company-owned retail stores located in luxury shopping locations. The Wholesale segment comprises sales made to a mix of functional and fashionable retailers, including major luxury department stores, outdoor specialty stores, and individual shops, and international distributors. Geographically, it has a presence in Canada, the United States, Asia, Europe, and the Rest of the World.