Adentra (TSX:ADEN) ROCE % : 9.87% (As of Dec. 2023)

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What is Adentra 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. Adentra's annualized ROCE % for the quarter that ended in Dec. 2023 was 9.87%.

Adentra ROCE % Historical Data

The historical data trend for Adentra'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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Adentra ROCE % Chart

Adentra Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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13.37

14.50

26.09

22.40

9.14

Adentra 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															10.32	10.06	10.17	7.01	9.87

Adentra ROCE % Calculation

Adentra'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 )
	=	123.431	/	( ( (1941.261 - 588.812)	+	(1653.011 - 305.517) )	/ 2 )
	=	123.431	/	( (1352.449	+	1347.494)	/ 2 )
	=	123.431	/	1349.9715
	=	9.14 %

Adentra'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 )
	=	132.64	/	( ( (1744.883 - 404.336)	+	(1653.011 - 305.517) )	/ 2 )
	=	132.64	/	( ( 1340.547	+	1347.494 )	/ 2 )
	=	132.64	/	1344.0205
	=	9.87 %

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

Adentra (TSX:ADEN) 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.

Adentra ROCE % Related Terms

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Adentra (TSX:ADEN) Business Description

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GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Distribution » Adentra Inc (TSX:ADEN) » Definitions » ROCE %

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HDIUF:USA

Address

20161-86th Avenue, Suite 340, Langley, BC, CAN, V2Y 2C1

Website

https://www.adentragroup.com

Adentra Inc is a distributor of architectural products to fabricators, home centers and professional dealers servicing the new residential, repair and remodel, and commercial construction end markets. The company operates a network in North America of 86 facilities in the United States and Canada.

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