GLAPY (Glanbia) ROCE % : 12.05% (As of Jun. 2024)

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What is Glanbia 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. Glanbia's annualized ROCE % for the quarter that ended in Jun. 2024 was 12.05%.

Glanbia ROCE % Historical Data

The historical data trend for Glanbia'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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Glanbia ROCE % Chart

Glanbia Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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9.00

6.74

6.67

8.55

14.09

Glanbia Semi-Annual Data
	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
ROCE %	Get a 7-Day Free Trial															10.87	6.06	15.52	12.91	12.05

Glanbia ROCE % Calculation

Glanbia'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 )
	=	411.6	/	( ( (4117.2 - 1194.7)	+	(3799.1 - 880.5) )	/ 2 )
	=	411.6	/	( (2922.5	+	2918.6)	/ 2 )
	=	411.6	/	2920.55
	=	14.09 %

Glanbia's ROCE % of for the quarter that ended in Jun. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jun. 2024 )		(Q: Dec. 2023 )		(Q: Jun. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jun. 2024 )		(Q: Dec. 2023 )		(Q: Jun. 2024 )
	=	365.2	/	( ( (3799.1 - 880.5)	+	(4045.9 - 905.4) )	/ 2 )
	=	365.2	/	( ( 2918.6	+	3140.5 )	/ 2 )
	=	365.2	/	3029.55
	=	12.05 %

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

Glanbia (OTCPK:GLAPY) 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.

Glanbia ROCE % Related Terms

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Glanbia Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Glanbia PLC (OTCPK:GLAPY) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

GLAPF:USA GL9:Ireland GL9i:UK GLB:UK GL9:Germany

Address

Ring Road, Glanbia House, Kilkenny, IRL, R95 E866

Website

https://www.glanbia.com

Meaning "pure food" in Irish, Glanbia is a global ingredient and branded performance nutrition manufacturer present in 32 countries with sales in 130 countries and over 7,500 employees. Originating in Ireland in the 1960s in the dairy processing industry, predecessor companies were initially listed in 1988 before Glanbia came into being in 1999. Production facilities are concentrated in Ireland, the U.K., Germany, the United States, and China. Glanbia processes over 6 billion liters of milk annually and is also a major producer of U.S. cheddar cheese. Glanbia generates more than 80% of its revenue in the United States.