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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. Fresh Del Monte Produce's annualized ROCE % for the quarter that ended in Mar. 2024 was 5.53%.
The historical data trend for Fresh Del Monte Produce'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.
Fresh Del Monte Produce Annual Data | |||||||||||||||||||||
Trend | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | |||||||||||
ROCE % | Get a 7-Day Free Trial | 4.22 | 2.62 | 3.73 | 5.06 | 1.48 |
Fresh Del Monte Produce Quarterly Data | ||||||||||||||||||||
Jun19 | Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | Mar24 | |
ROCE % | Get a 7-Day Free Trial | 9.18 | 9.42 | 2.73 | -16.21 | 5.53 |
Fresh Del Monte Produce'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 ) | |||||
= | 40.6 | / | ( ( (3458.9 - 607) | + | (3184.1 - 540.6) ) | / 2 ) | |
= | 40.6 | / | ( (2851.9 | + | 2643.5) | / 2 ) | |
= | 40.6 | / | 2747.7 | ||||
= | 1.48 % |
Fresh Del Monte Produce's ROCE % of for the quarter that ended in Mar. 2024 is calculated as:
ROCE % | = | EBIT (1) | / | ( (Capital Employed | + | Capital Employed) | / count ) |
(Q: Mar. 2024 ) | (Q: Dec. 2023 ) | (Q: Mar. 2024 ) | |||||
= | EBIT | / | ( ( (Total Assets - Total Current Liabilities) | + | (Total Assets - Total Current Liabilities) ) | / count ) | |
(Q: Mar. 2024 ) | (Q: Dec. 2023 ) | (Q: Mar. 2024 ) | |||||
= | 146.4 | / | ( ( (3184.1 - 540.6) | + | (3200 - 546.2) ) | / 2 ) | |
= | 146.4 | / | ( ( 2643.5 | + | 2653.8 ) | / 2 ) | |
= | 146.4 | / | 2648.65 | ||||
= | 5.53 % |
(1) Note: The EBIT data used here is four times the quarterly (Mar. 2024) EBIT data.
* 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.
Fresh Del Monte Produce (NYSE:FDP) 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.
Thank you for viewing the detailed overview of Fresh Del Monte Produce's ROCE % provided by GuruFocus.com. Please click on the following links to see related term pages.
Jesus Rodriguez Calvo | officer: SVP, NA Sales & Marketing | C/O FRESH DEL MONTE PRODUCE INC, P.O. BOX 149222, CORAL GABLES FL 33114 |
Tarek Ahmad Betti | officer: Chief Human Resources Officer | C/O FRESH DEL MONTE PRODUCE INC., P.O. BOX 149222, CORAL GABLES FL 33114 |
Michael J Berthelot | director | P O BOX 7277, RANCHO SANTA FE CA 92067 |
Mohammed Abbas | officer: V.P. Middle East and N. Africa | C/O FRESH DEL MONTE PRODUCE INC., P.O. BOX 149222, CORAL GABLES FL 33134 |
Monica Vicente | officer: SVP, Chief Financial Officer | C/O FRESH DEL MONTE PRODUCE INC., P.O. BOX 149222, CORAL GABLES FL 33114 |
Effie D Silva | officer: SVP, General Counsel & Secy | C/O FRESH DEL MONTE PRODUCE INC., P.O. BOX 149222, CORAL GABLES FL 33114 |
Reyes Jorge Pelaez | officer: VP, Central America | C/O FRESH DEL MONTE PRODUCE INC., PO BOX 149222, CORAL GABLES FL 33114 |
Sergio Mancilla | officer: VP South America | C/O FRESH DEL MONTE PRODUCE INC., P.O. BOX 149222, CORAL GABLES FL 33114 |
Hans Sauter | officer: SVP, R&D and Agriculture | C/O FRESH DEL MONTE PRODUCE INC.,, PO BOX 149222, CORAL GABLES FL 33114 |
Ziad Nabulsi | officer: SVP, North American Operations | C/O FRESH DEL MONTE PRODUCE INC, P.O. BOX 149222, CORAL GABLES FL 33114 |
Helmuth Lutty | officer: SVP, Shipping Operations | C/O FRESH DEL MONTE PRODUCE INC., PO BOX 149222, CORAL GABLES FL 33114 |
Gianpaolo Renino | officer: V.P. Europe and Africa | C/O FRESH DEL MONTE, INC., PO BOX 149222, CORAL GABLES FL 33134 |
Mohammad Abu-ghazaleh | director, 10 percent owner, officer: Chief Executive Officer | P.O. BOX 149222, CORAL GABLES FL 33114-9222 |
Eduardo Guarita Bezerra | officer: SVP and CFO | C/O FRESH DEL MONTE PRODUCE INC., PO BOX 149222, CORAL GABLES FL 33134 |
Marlene Gordon | officer: SVP, General Counsel | C/O FRESH DEL MONTE PRODUCE INC.,, PO BOX 149222, CORAL GABLES FL 33134 |
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