Calavo Growers (FRA:XGW) ROCE % : -1.60% (As of Jan. 2024)

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What is Calavo Growers 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. Calavo Growers's annualized ROCE % for the quarter that ended in Jan. 2024 was -1.60%.

Calavo Growers ROCE % Historical Data

The historical data trend for Calavo Growers'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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Calavo Growers ROCE % Chart

Calavo Growers Annual Data

Trend

Oct14

Oct15

Oct16

Oct17

Oct18

Oct19

Oct20

Oct21

Oct22

Oct23

ROCE %

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23.10

-3.47

0.41

-0.39

0.44

Calavo Growers 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															-0.35	-4.28	11.34	-0.67	-1.60

Calavo Growers ROCE % Calculation

Calavo Growers's annualized ROCE % for the fiscal year that ended in Oct. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Oct. 2023 )		(A: Oct. 2022 )		(A: Oct. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Oct. 2023 )		(A: Oct. 2022 )		(A: Oct. 2023 )
	=	1.278	/	( ( (391.532 - 103.482)	+	(366.351 - 77.413) )	/ 2 )
	=	1.278	/	( (288.05	+	288.938)	/ 2 )
	=	1.278	/	288.494
	=	0.44 %

Calavo Growers'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 )
	=	-4.324	/	( ( (366.351 - 77.413)	+	(362.319 - 110.982) )	/ 2 )
	=	-4.324	/	( ( 288.938	+	251.337 )	/ 2 )
	=	-4.324	/	270.1375
	=	-1.60 %

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

Calavo Growers (FRA:XGW) 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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Calavo Growers (FRA:XGW) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Retail - Defensive » Calavo Growers Inc (FRA:XGW) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

CVGW:USA

Address

1141-A Cummings Road, Santa Paula, CA, USA, 93060

Website

http://www.calavo.com

Calavo Growers Inc is in the avocado industry and an expanding provider of value-added fresh food. It sells avocados to a group of supermarket chains, wholesalers, food service and other distributors, under brand labels, as well as private labels. The company procures avocados from California, Mexico and other growing regions around the world. Calavo is segmented into three segments namely, Fresh products; Calavo Foods; and RFG. The company derives its revenue from its Fresh products segment.

Calavo Growers (FRA:XGW) Headlines

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