GUZOF (Grupo HerdezB de CV) ROCE % : 18.93% (As of Jun. 2024)

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What is Grupo HerdezB de CV 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. Grupo HerdezB de CV's annualized ROCE % for the quarter that ended in Jun. 2024 was 18.93%.

Grupo HerdezB de CV ROCE % Historical Data

The historical data trend for Grupo HerdezB de CV'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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Grupo HerdezB de CV ROCE % Chart

Grupo HerdezB de CV Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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14.53

14.46

13.51

16.68

23.49

Grupo HerdezB de CV Quarterly Data
	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
ROCE %	Get a 7-Day Free Trial															20.37	22.75	26.01	21.16	18.93

Grupo HerdezB de CV ROCE % Calculation

Grupo HerdezB de CV'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 )
	=	361.703	/	( ( (1926.242 - 515.422)	+	(2222.574 - 553.851) )	/ 2 )
	=	361.703	/	( (1410.82	+	1668.723)	/ 2 )
	=	361.703	/	1539.7715
	=	23.49 %

Grupo HerdezB de CV'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: Mar. 2024 )		(Q: Jun. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jun. 2024 )		(Q: Mar. 2024 )		(Q: Jun. 2024 )
	=	308.668	/	( ( (2299.014 - 587.114)	+	(2071.185 - 522.327) )	/ 2 )
	=	308.668	/	( ( 1711.9	+	1548.858 )	/ 2 )
	=	308.668	/	1630.379
	=	18.93 %

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

Grupo HerdezB de CV (OTCPK:GUZOF) 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.

Grupo HerdezB de CV ROCE % Related Terms

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Grupo HerdezB de CV Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Grupo Herdez SAB de CV (OTCPK:GUZOF) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

HERDEZ:Mexico

Address

Monte Pelvaoux 215, Col. Lomas de Chapultepec, Miguel Hidalgo, Mexico, MEX, 11000

Website

http://www.grupoherdez.com.mx

Grupo Herdez SAB de CV specialises in the processed food and ice cream industries, with its operations primarily in Mexico. The company engages in the manufacturing, purchasing, distributing, and marketing of canned and packaged food products in Mexico, as well as food products at the Mexican food segment within the United States. Product segments include burritos, canned vegetables, frozen yogurt, guacamole, and home-style salsas. Products are then sold through a variety of brands, such as Aires de Campo, Barilla, Bufalo and many more.

Grupo HerdezB de CV Headlines

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