Red Robin Gourmet Burgers (FRA:RRN) ROCE % : -1.34% (As of Mar. 2024)

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What is Red Robin Gourmet Burgers 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. Red Robin Gourmet Burgers's annualized ROCE % for the quarter that ended in Mar. 2024 was -1.34%.

Red Robin Gourmet Burgers ROCE % Historical Data

The historical data trend for Red Robin Gourmet Burgers'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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Red Robin Gourmet Burgers ROCE % Chart

Red Robin Gourmet Burgers Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-1.42

-28.57

-5.12

-9.03

0.95

Red Robin Gourmet Burgers 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															2.93	6.91	-1.34	-4.81	-1.34

Red Robin Gourmet Burgers ROCE % Calculation

Red Robin Gourmet Burgers'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 )
	=	5.174	/	( ( (785.545 - 207.881)	+	(680.353 - 170.871) )	/ 2 )
	=	5.174	/	( (577.664	+	509.482)	/ 2 )
	=	5.174	/	543.573
	=	0.95 %

Red Robin Gourmet Burgers'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 )
	=	-6.62	/	( ( (680.353 - 170.871)	+	(659.719 - 181.832) )	/ 2 )
	=	-6.62	/	( ( 509.482	+	477.887 )	/ 2 )
	=	-6.62	/	493.6845
	=	-1.34 %

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

Red Robin Gourmet Burgers (FRA:RRN) 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.

Red Robin Gourmet Burgers ROCE % Related Terms

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Red Robin Gourmet Burgers (FRA:RRN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Restaurants » Red Robin Gourmet Burgers Inc (FRA:RRN) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

RRGB:USA

Address

10000 E. Geddes Avenue, Suite 500, Englewood, CO, USA, 80112

Website

https://www.redrobin.com

Red Robin Gourmet Burgers Inc is a restaurant operator. The company develops, operates, and franchises casual-dining restaurants and fast-casual restaurants in North America. Its brands are Red Robin, Red Robin Gourmet Burgers, Red Robin America's Gourmet Burgers and Spirits, Red Robin Burger Works, YUMMM, Red Robin Gourmet Burgers and Brews, and Red Robin Royalty names and logos. The company's revenue consists of sales from restaurant operations, gift card breakage, franchise royalties and fees, and other miscellaneous revenue.

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