Biglari Holdings (Biglari Holdings) ROCE % : 29.30% (As of Dec. 2023)

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What is Biglari Holdings 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. Biglari Holdings's annualized ROCE % for the quarter that ended in Dec. 2023 was 29.30%.

Biglari Holdings ROCE % Historical Data

The historical data trend for Biglari Holdings'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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Biglari Holdings ROCE % Chart

Biglari Holdings Annual Data

Trend

Sep14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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7.91

-4.01

6.68

-5.14

9.87

Biglari Holdings 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															7.91	47.21	2.19	-39.88	29.30

Biglari Holdings ROCE % Calculation

Biglari Holdings'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 )
	=	70.642	/	( ( (828.474 - 134.897)	+	(849.422 - 111.1) )	/ 2 )
	=	70.642	/	( (693.577	+	738.322)	/ 2 )
	=	70.642	/	715.9495
	=	9.87 %

Biglari Holdings'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 )
	=	208.6	/	( ( (827.172 - 141.605)	+	(849.422 - 111.1) )	/ 2 )
	=	208.6	/	( ( 685.567	+	738.322 )	/ 2 )
	=	208.6	/	711.9445
	=	29.30 %

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

Biglari Holdings (NYSE:BH.A) 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.

Biglari Holdings ROCE % Related Terms

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Biglari Holdings (Biglari Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Restaurants » Biglari Holdings Inc (NYSE:BH.A) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

BH:USA SQ7B:Germany

Address

19100 Ridgewood Parkway, Suite 1200, San Antonio, TX, USA, 78259

Website

http://www.biglariholdings.com

Biglari Holdings Inc is a holding company that owns subsidiaries in a range of businesses. The company's reportable segments include Restaurant Operations, Insurance Operations, Oil and Gas Operations, and Maxim. The majority of revenue is derived from the Restaurant Operations segment. The Restaurant Operations segment includes Steak n Shake and Western Sizzlin Restaurant businesses.