GNCGY (Greencore Group) ROCE % : 16.69% (As of Sep. 2024)

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What is Greencore Group 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. Greencore Group's annualized ROCE % for the quarter that ended in Sep. 2024 was 16.69%.

Greencore Group ROCE % Historical Data

The historical data trend for Greencore Group'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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Greencore Group ROCE % Chart

Greencore Group Annual Data

Trend

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Sep24

ROCE %

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0.89

5.68

6.09

9.28

12.84

Greencore Group Semi-Annual Data
	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23	Mar24	Sep24
ROCE %	Get a 7-Day Free Trial															10.64	0.69	17.44	7.57	16.69

Greencore Group ROCE % Calculation

Greencore Group's annualized ROCE % for the fiscal year that ended in Sep. 2024 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Sep. 2024 )		(A: Sep. 2023 )		(A: Sep. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Sep. 2024 )		(A: Sep. 2023 )		(A: Sep. 2024 )
	=	113.095	/	( ( (1606.064 - 765.347)	+	(1593.519 - 672.09) )	/ 2 )
	=	113.095	/	( (840.717	+	921.429)	/ 2 )
	=	113.095	/	881.073
	=	12.84 %

Greencore Group's ROCE % of for the quarter that ended in Sep. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2024 )		(Q: Mar. 2024 )		(Q: Sep. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2024 )		(Q: Mar. 2024 )		(Q: Sep. 2024 )
	=	155.82	/	( ( (1613.088 - 666.836)	+	(1593.519 - 672.09) )	/ 2 )
	=	155.82	/	( ( 946.252	+	921.429 )	/ 2 )
	=	155.82	/	933.8405
	=	16.69 %

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

Greencore Group (OTCPK:GNCGY) 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.

Greencore Group ROCE % Related Terms

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Greencore Group Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Greencore Group PLC (OTCPK:GNCGY) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

GNCGF:USA GNCl:UK GNC:UK GCG:Germany GCG:Germany

Address

Dublin Airport Central, Dublin Airport, 4th Floor, Block Two, Sword, Dublin, IRL, K67 E2H3

Website

http://www.greencore.com

Greencore Group PLC is a convenience food manufacturer that supplies chilled and frozen food to customers based in U.K. and the U.S. The company's operating business segment is Convenience Foods, and it geographically operates in UK & Ireland. The UK Convenience Food categories including sandwiches, sushi, salads, chilled ready meals, chilled soups and sauces, chilled quiche, ambient sauces and pickles, frozen Yorkshire Puddings and cakes and desserts categories as well as the Irish Ingredients trading business.