Myer Holdings (FRA:30M) ROCE % : 13.20% (As of Jan. 2024)

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What is Myer 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. Myer Holdings's annualized ROCE % for the quarter that ended in Jan. 2024 was 13.20%.

Myer Holdings ROCE % Historical Data

The historical data trend for Myer 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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Myer Holdings ROCE % Chart

Myer Holdings Annual Data

Trend

Jul14

Jul15

Jul16

Jul17

Jul18

Jul19

Jul20

Jul21

Jul22

Jul23

ROCE %

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5.36

-17.34

-3.86

-3.03

-1.72

Myer Holdings Semi-Annual Data
	Jul14	Jan15	Jul15	Jan16	Jul16	Jan17	Jul17	Jan18	Jul18	Jan19	Jul19	Jan20	Jul20	Jan21	Jul21	Jan22	Jul22	Jan23	Jul23	Jan24
ROCE %	Get a 7-Day Free Trial															10.20	-16.37	14.62	-18.35	13.20

Myer Holdings ROCE % Calculation

Myer Holdings's annualized ROCE % for the fiscal year that ended in Jul. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Jul. 2023 )		(A: Jul. 2022 )		(A: Jul. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Jul. 2023 )		(A: Jul. 2022 )		(A: Jul. 2023 )
	=	-20.36	/	( ( (1718.465 - 448.515)	+	(1485.413 - 390.555) )	/ 2 )
	=	-20.36	/	( (1269.95	+	1094.858)	/ 2 )
	=	-20.36	/	1182.404
	=	-1.72 %

Myer Holdings'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: Jul. 2023 )		(Q: Jan. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jan. 2024 )		(Q: Jul. 2023 )		(Q: Jan. 2024 )
	=	146.076	/	( ( (1485.413 - 390.555)	+	(1557.128 - 439.141) )	/ 2 )
	=	146.076	/	( ( 1094.858	+	1117.987 )	/ 2 )
	=	146.076	/	1106.4225
	=	13.20 %

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

Myer Holdings (FRA:30M) 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.

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Myer Holdings (FRA:30M) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Myer Holdings Ltd (FRA:30M) » Definitions » ROCE %

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MYR:Australia

Address

1000 La Trobe Street, Level 7, Docklands, Melbourne, VIC, AUS, 3008

Website

https://www.myer.com.au

Myer is Australia's largest department store operator, with some 60 stores that are mostly spread across eastern states. Stores are generally located in areas of high foot traffic in major metropolitan shopping centers. Competitive advantages include a well-established brand and scale benefits from a relatively large revenue base. The brand is somewhat iconic among Australian domestic consumers. The group's loyalty programme has more than 4 million active members.

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