JB Hi Fi (HAM:JB3) ROCE % : 37.23% (As of Dec. 2023)

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What is JB Hi Fi 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. JB Hi Fi's annualized ROCE % for the quarter that ended in Dec. 2023 was 37.23%.

JB Hi Fi ROCE % Historical Data

The historical data trend for JB Hi Fi'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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JB Hi Fi ROCE % Chart

JB Hi Fi Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

ROCE %

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22.88

26.77

39.70

42.34

37.20

JB Hi Fi Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
ROCE %	Get a 7-Day Free Trial															42.91	37.68	49.20	26.52	37.23

JB Hi Fi ROCE % Calculation

JB Hi Fi's annualized ROCE % for the fiscal year that ended in Jun. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Jun. 2023 )		(A: Jun. 2022 )		(A: Jun. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Jun. 2023 )		(A: Jun. 2022 )		(A: Jun. 2023 )
	=	465.527	/	( ( (2101.676 - 868.419)	+	(2003.901 - 734.002) )	/ 2 )
	=	465.527	/	( (1233.257	+	1269.899)	/ 2 )
	=	465.527	/	1251.578
	=	37.20 %

JB Hi Fi's ROCE % of for the quarter that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2023 )		(Q: Jun. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Jun. 2023 )		(Q: Dec. 2023 )
	=	481.456	/	( ( (2003.901 - 734.002)	+	(2297.533 - 981.325) )	/ 2 )
	=	481.456	/	( ( 1269.899	+	1316.208 )	/ 2 )
	=	481.456	/	1293.0535
	=	37.23 %

(1) Note: The EBIT data used here is two times the semi-annual (Dec. 2023) EBIT data.

JB Hi Fi (HAM:JB3) 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.

JB Hi Fi ROCE % Related Terms

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JB Hi Fi (HAM:JB3) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » JB Hi Fi Ltd (HAM:JB3) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

JBHHY:USA JB3:Germany JBH:Australia

Address

60 City Road, Podium Level, Southbank, Melbourne, VIC, AUS, 3006

Website

https://www.jbhifi.com.au

JB Hi-Fi Limited is a specialty retailer of branded home entertainment products. The group's products particularly focus on consumer electronics, electrical goods, and white goods through its JB Hi-Fi, JB Hi-Fi Home, and The Good Guys stores. The company primarily operates from stand-alone destination sites and shopping centres in Australia and New Zealand, but the online platform is becoming increasingly important.

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