Restaurant Brands NZ (ASX:RBD) ROCE % : 7.08% (As of Jun. 2024)

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What is Restaurant Brands NZ 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. Restaurant Brands NZ's annualized ROCE % for the quarter that ended in Jun. 2024 was 7.08%.

Restaurant Brands NZ ROCE % Historical Data

The historical data trend for Restaurant Brands NZ'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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Restaurant Brands NZ ROCE % Chart

Restaurant Brands NZ Annual Data

Trend

Feb14

Feb15

Feb16

Feb17

Feb18

Feb19

Dec20

Dec21

Dec22

Dec23

ROCE %

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15.06

7.27

6.58

4.34

3.41

Restaurant Brands NZ Semi-Annual Data
	Aug14	Feb15	Aug15	Feb16	Aug16	Feb17	Aug17	Feb18	Aug18	Feb19	Aug19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
ROCE %	Get a 7-Day Free Trial															6.94	2.26	4.68	2.07	7.08

Restaurant Brands NZ ROCE % Calculation

Restaurant Brands NZ'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 )
	=	40.265	/	( ( (1334.432 - 143.88)	+	(1325.558 - 154.588) )	/ 2 )
	=	40.265	/	( (1190.552	+	1170.97)	/ 2 )
	=	40.265	/	1180.761
	=	3.41 %

Restaurant Brands NZ'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 )
	=	83.174	/	( ( (1325.558 - 154.588)	+	(1333.154 - 154.201) )	/ 2 )
	=	83.174	/	( ( 1170.97	+	1178.953 )	/ 2 )
	=	83.174	/	1174.9615
	=	7.08 %

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

Restaurant Brands NZ (ASX:RBD) 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.

Restaurant Brands NZ ROCE % Related Terms

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Restaurant Brands NZ Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Restaurants » Restaurant Brands NZ Ltd (ASX:RBD) » Definitions » ROCE %

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RTBRF:USA RBD:New Zealand

Address

666 Great South Road, Level 3, Building 7, Central Park, Penrose, Auckland, NTL, NZL, 1051

Website

https://www.restaurantbrands.co.nz

Restaurant Brands NZ Ltd, together with its subsidiaries, operates quick service and takeaway restaurant concepts in New Zealand, Australia, California, and Hawaii. The company's business includes KFC and Carl's Jr. It has various brands, consisting of KFC, Taco Bell, and Carl's Jr. stores.

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