Empire Co (Empire Co) ROCE % : 8.12% (As of Jan. 2024)

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What is Empire Co 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. Empire Co's annualized ROCE % for the quarter that ended in Jan. 2024 was 8.12%.

Empire Co ROCE % Historical Data

The historical data trend for Empire Co'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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Empire Co ROCE % Chart

Empire Co Annual Data

Trend

Apr14

Apr15

Apr16

Apr17

Apr18

Apr19

Apr20

Apr21

Apr22

Apr23

ROCE %

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10.03

12.74

12.55

11.45

9.68

Empire Co Quarterly Data
	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
ROCE %	Get a 7-Day Free Trial															7.66	10.29	14.76	9.83	8.12

Empire Co ROCE % Calculation

Empire Co's annualized ROCE % for the fiscal year that ended in Apr. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Apr. 2023 )		(A: Apr. 2022 )		(A: Apr. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Apr. 2023 )		(A: Apr. 2022 )		(A: Apr. 2023 )
	=	926.58	/	( ( (13140.323 - 3357.38)	+	(12224.637 - 2860.798) )	/ 2 )
	=	926.58	/	( (9782.943	+	9363.839)	/ 2 )
	=	926.58	/	9573.391
	=	9.68 %

Empire Co's ROCE % of for the quarter that ended in Jan. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jan. 2024 )		(Q: Oct. 2023 )		(Q: Jan. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jan. 2024 )		(Q: Oct. 2023 )		(Q: Jan. 2024 )
	=	764.656	/	( ( (11993.218 - 2706.316)	+	(12298.294 - 2746.48) )	/ 2 )
	=	764.656	/	( ( 9286.902	+	9551.814 )	/ 2 )
	=	764.656	/	9419.358
	=	8.12 %

(1) Note: The EBIT data used here is four times the quarterly (Jan. 2024) EBIT data.

Empire Co (OTCPK:EMLAF) 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.

Empire Co ROCE % Related Terms

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Empire Co (Empire Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Retail - Defensive » Empire Co Ltd (OTCPK:EMLAF) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

C15:Germany EMP.A:Canada

Address

115 King Street, Stellarton, NS, CAN, B0K 1S0

Website

https://www.empireco.ca

Empire Co Ltd key businesses are food retailing, investments, and other operations. The food retailing division operates through Empire's subsidiary Sobeys and represents nearly all of the company's income. This segment owns, affiliates, or franchises more than 1,500 stores in 10 provinces, under retail banners including Sobeys, Safeway, IGA, Foodland, FreshCo, Thrifty Foods, Lawton's Drug Stores, and multiple retail fuel locations. The company's investment and other operations segment include the investment in Crombie REIT, which is an open-ended Canadian real estate investment trust, as well as the Genstar Development Partnership.

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