Globe International (ASX:GLB) ROCE % : 15.63% (As of Dec. 2024)

View and export this data going back to 2001. Start your Free Trial

What is Globe International 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. Globe International's annualized ROCE % for the quarter that ended in Dec. 2024 was 15.63%.

Globe International ROCE % Historical Data

The historical data trend for Globe International'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.

* Premium members only.

Globe International ROCE % Chart

Globe International Annual Data

Trend

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Jun24

ROCE %

Get a 7-Day Free Trial

13.43

69.36

30.41

4.27

18.24

Globe International Semi-Annual Data
	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24	Dec24
ROCE %	Get a 7-Day Free Trial															1.92	6.92	16.25	20.66	15.63

Globe International ROCE % Calculation

Globe International's annualized ROCE % for the fiscal year that ended in Jun. 2024 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Jun. 2024 )		(A: Jun. 2023 )		(A: Jun. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Jun. 2024 )		(A: Jun. 2023 )		(A: Jun. 2024 )
	=	16.731	/	( ( (126.828 - 36.218)	+	(127.912 - 35.118) )	/ 2 )
	=	16.731	/	( (90.61	+	92.794)	/ 2 )
	=	16.731	/	91.702
	=	18.24 %

Globe International's ROCE % of for the quarter that ended in Dec. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2024 )		(Q: Jun. 2024 )		(Q: Dec. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2024 )		(Q: Jun. 2024 )		(Q: Dec. 2024 )
	=	14.654	/	( ( (127.912 - 35.118)	+	(130.982 - 36.278) )	/ 2 )
	=	14.654	/	( ( 92.794	+	94.704 )	/ 2 )
	=	14.654	/	93.749
	=	15.63 %

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

Globe International (ASX:GLB) 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.

Globe International ROCE % Related Terms

Thank you for viewing the detailed overview of Globe International's ROCE % provided by GuruFocus.com. Please click on the following links to see related term pages.

Globe International Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Globe International Ltd (ASX:GLB) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

1 Fennell Street, Port Melbourne, Melbourne, VIC, AUS, 3207

Website

https://www.globecorporate.com

Globe International Ltd is an Australia-based company that operates in the apparel business. The company is engaged in the production and distribution of purpose-built apparel, footwear, and hard goods for the board sports, street fashion, and workwear markets. Its geographical segments include Australasia, North America, and Europe. The company derives a majority of its revenue from Australasia.

Globe International Headlines

No Headlines