Greenyard NV (XBRU:GREEN) ROCE % : 6.64% (As of Sep. 2023)

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Greenyard NV ROCE % Definition

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. Greenyard NV's annualized ROCE % for the quarter that ended in Sep. 2023 was 6.64%.

Greenyard NV ROCE % Historical Data

The historical data trend for Greenyard NV'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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Greenyard NV ROCE % Chart

Greenyard NV Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

ROCE %

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-15.13

-1.78

3.85

4.87

4.95

Greenyard NV Semi-Annual Data
	Mar14	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
ROCE %	Get a 7-Day Free Trial															5.56	4.41	4.96	4.59	6.64

Greenyard NV ROCE % Calculation

Greenyard NV'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 )
	=	54.092	/	( ( (1897.538 - 813.309)	+	(1973.206 - 871.33) )	/ 2 )
	=	54.092	/	( (1084.229	+	1101.876)	/ 2 )
	=	54.092	/	1093.0525
	=	4.95 %

Greenyard NV's ROCE % of for the quarter that ended in Sep. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2023 )		(Q: Mar. 2023 )		(Q: Sep. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2023 )		(Q: Mar. 2023 )		(Q: Sep. 2023 )
	=	72.372	/	( ( (1973.206 - 871.33)	+	(1987.141 - 908.667) )	/ 2 )
	=	72.372	/	( ( 1101.876	+	1078.474 )	/ 2 )
	=	72.372	/	1090.175
	=	6.64 %

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

Greenyard NV (XBRU:GREEN) 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.

Greenyard NV ROCE % Related Terms

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Greenyard NV (XBRU:GREEN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Retail - Defensive » Greenyard NV (XBRU:GREEN) » Definitions » ROCE %

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2P1:Germany

Address

Strijbroek 10, Sint-Katelijne-Waver, BEL, BE-2860

Website

https://www.greenyard.group

Greenyard NV is a Belgium-based company that operates as a processor of field-fresh fruits and vegetables. It produces and supplies food products with a long shelf-life. The company's business is split into two segments, Fresh and Long Fresh. Fresh is mainly active in fresh products, fruit, and vegetables, flowers and plants, and logistics of fresh produce. There are two divisions in the Long Fresh segment, Frozen, and Prepared activities. Produce is frozen immediately after harvesting and preparation. At Prepared, it includes freshly preserved fruit, vegetables, mushrooms, and other ambient food products. The company's majority share of revenue is generated from Fresh products.

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