Adnams (AQSE:ADB) ROCE % : -12.64% (As of Jun. 2024)

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What is Adnams 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. Adnams's annualized ROCE % for the quarter that ended in Jun. 2024 was -12.64%.

Adnams ROCE % Historical Data

The historical data trend for Adnams'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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Adnams ROCE % Chart

Adnams Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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1.23

-7.17

-2.56

-3.99

-6.97

Adnams Semi-Annual Data
	Dec15	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
ROCE %	Get a 7-Day Free Trial												-3.84	-4.18	-13.54	-0.19	-12.64

Adnams ROCE % Calculation

Adnams'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 )
	=	-2.431	/	( ( (53.334 - 16.288)	+	(50.025 - 17.276) )	/ 2 )
	=	-2.431	/	( (37.046	+	32.749)	/ 2 )
	=	-2.431	/	34.8975
	=	-6.97 %

Adnams's ROCE % of for the quarter that ended in Jun. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jun. 2024 )		(Q: Dec. 2023 )		(Q: Jun. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jun. 2024 )		(Q: Dec. 2023 )		(Q: Jun. 2024 )
	=	-3.332	/	( ( (50.025 - 17.276)	+	(48.222 - 28.257) )	/ 2 )
	=	-3.332	/	( ( 32.749	+	19.965 )	/ 2 )
	=	-3.332	/	26.357
	=	-12.64 %

(1) Note: The EBIT data used here is two times the semi-annual (Jun. 2024) EBIT data.

Adnams (AQSE:ADB) 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.

Adnams ROCE % Related Terms

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Adnams Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Beverages - Alcoholic » Adnams PLC (AQSE:ADB) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

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Address

Sole Bay Brewery, Southwold, Suffolk, GBR, IP18 6JW

Website

https://www.adnams.co.uk

Adnams PLC is engaged in brewers, distillers, wine merchants, retailers, publicans, and hoteliers. The company's business segments are Adnams Brewing & Brands (Drinks), which comprises brewing and distribution of beer, spirits, and other products, Adnams Pubs & Hotel Properties, which comprises tenanted pubs and managed inns, and Adnams Retail, which comprises shops together with the mail order and web businesses.

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